285 S Grand Mesa Drive, Cedaredge, CO 81413
285 S Grand Mesa Drive, Cedaredge, CO 81413
285 S Grand Mesa Drive, Cedaredge, CO 81413
285 S Grand Mesa Drive, Cedaredge, CO 81413
285 S Grand Mesa Drive, Cedaredge, CO 81413
285 S Grand Mesa Drive, Cedaredge, CO 81413
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Kelsey Loftis

Kelsey Loftis

+1(970) 784-6768
$ 412,500
Est. payment | /mo

5 Beds

4 Baths

3,245 SqFt

Save
$ 412,500
Est. payment | /mo
Save

5 Beds

4 Baths

3,245 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,245 sqft

Price per Sqft $127

Subdivision Surface Creek

MLS Listing ID 834720

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 2003

Annual Tax Amount $2,620

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Duplex

Property Description

BACK ON MARKET, NOT DUE TO PROPERTY BUT BUYER'S LENDER TERMS. PRICED TO SELL! This well-maintained multi-tenant residential property, built in 2003, is ideally located in the heart of downtown Cedaredge and is fully leased. Offering exceptional flexibility, this investment property presents multiple opportunities — continue generating rental income, live in one unit while renting the others, or accommodate multi-generational living. Currently configured and rented as a duplex, the property is already set up for easy conversion to a triplex with the addition of a studio apartment and a stackable washer and dryer for the upstairs unit. Recent upgrades to the apartments enhance both comfort and appeal, while private parking spaces and fenced private yards add convenience for tenants. The property is adjacent to a pocket park honoring local Veterans and is within walking distance to downtown shops, restaurants, and amenities. A detailed list of improvements is available upon request. Offered at a 6% CAP rate, this turnkey, income-producing property is an excellent investment opportunity. Showings are available with the Broker and require a 48-hour notice to tenants.

Location

State CO

County Delta

Zoning Live/Work,Residential Multi Family

Interior

Cooling Window Unit(s)

Flooring Carpet, Tile, Wood

Furnishings Unfurnished

Exterior

Roof Type Composition

Building

Story Two Story

New Construction No

Schools

Elementary Schools Cedaredge K-5

Middle Schools Cedaredge 6-8

High Schools Cedaredge 9-12

Colorado Real Estate Network (CREN) + Sold
Listed by Grand Mesa Real Estate Services

Nearby Locations

Kelsey Loftis

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 784-6768

kelseyloftis@gmail.com

PO Box 7053 Gunnison, CO 81230

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285 S Grand Mesa Drive