558 Garfield Drive, Grand Junction, CO 81504
$650,000
Est. payment /mo
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8 Beds
4 Baths
3,824 SqFt
New

558 Garfield Drive Grand Junction, CO 81504

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Brian Schultz

Brian Schultz

+1(970) 985-9000

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,824 sqft

Price per Sqft $169

Subdivision Bookcliff Terra

MLS Listing ID 20264170

Style Two Story,Fourplex

Bedrooms 8

HOA Y/N false

Year Built 1981

Annual Tax Amount $2,391

Tax Year 2026

Acres 0.25

Lot Dimensions 80 x 135

Property Sub-Type Quadruplex

Property Description

Excellent multifamily investment opportunity with four units and strong potential for increased rental income. Units 1 and 4 have been updated with LVP flooring and fresh paint, while Units 2 and 3 are occupied by long-term tenants, providing stable rental history. With updated units already positioned for the market and potential to increase rents over time, this property offers investors an opportunity for both immediate income and future growth. A great addition to any investment portfolio with upside through thoughtful management and rental-rate adjustments. Current cap rate of 6.5%.

Location

State CO

County Mesa

Area Ne Grand Junction

Direction From 29 road & Patterson drive South to Orchard Ave turn east (left) on Orchard, turn left on Garfield Drive

Rooms

Basement Crawl Space

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Evaporative Cooling

Flooring Carpet, Linoleum, Luxury Vinyl, Luxury VinylPlank

Fireplaces Type Other, See Remarks

Appliance Dishwasher, Electric Oven, Electric Range, Refrigerator

Laundry Washer Hookup, Dryer Hookup

Exterior

Exterior Feature None

Amenities Available None

Roof Type Asphalt,Composition

Present Use Residential,Single Family

Street Surface Paved

Handicap Access None

Porch Open, Patio

Building

Lot Description Landscaped

Faces North

Story 2

Foundation Stem Wall

Sewer Connected

Water Public

Level or Stories Two

Structure Type Masonite,Wood Frame

Schools

Elementary Schools Fruitvale

Middle Schools Bookcliff

High Schools Central

Others

HOA Fee Include None

Tax ID 29743-082-27-004

Listed by MOUNTAIN VALLEY REAL ESTATE

NEARBY SCHOOL & BUSINESS

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Brian Schultz

Brian Schultz

Broker Associate | License ID: FA.100095902

+1(970) 985-9000

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558 Garfield Drive