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2336 Elm Avenue, Grand Junction, CO 81501

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For Sale

$499,900

6 beds • 3 baths • 2,864 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $174.55
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Turnkey Duplex Near CMU-Fully rented & updated! Investor special just steps from Colorado Mesa University! This well-maintained duplex features 2 units: Unit 1: 4 bed / 2 bath vacant as of 8/15/25 Unit 2: 2 bed (1 non-conforming) / 1 bath @ $1,000/mo. Both tenants are M-T-M, tenants pay all utilities except W-S-T. No pets or smoking - ever. Major updates in last 5 years include new sewer line, roof & gutters, major mech systems (HVAC, etc). Ample off-street parking via alley + small RV pad for upper unit. Excellent rental demand due to proximity to CMU - ideal for student or faculty housing. Live in one unit & rent the other, or lease both for consistent income. High cap rate potential in a growing Grand Junction market. Prime location. Turnkey condition. Strong cash flow. Don't miss this low-maintenance, income-generating gem near one of GJ's most desireable rental zones.
MLS# 20253420

Courtesy Of RE/MAX 4000, INC

(970) 241-4000

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Architecture Style
    Other
  • Floor Covering
    Carpet, Vinyl
  • Heating System
    Baseboard
  • Lot Size
    0.17 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 2336 Elm Avenue, Grand Junction, CO 81501

Home seller CENTURY 21 CapRock Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 CapRock Real Estate

(970) 257-0500
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
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  • HOA Dues
    $0
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.