1615 N 20th Street
Property Description
INVESTMENT OPPORTUNITY WITH $30,600 IN ANNUAL GROSS RENTAL INCOME! Welcome to 1615 N 20th Street in central Grand Junction, Colorado, offering two income-producing living spaces, extensive updates, and additional possibilities on a spacious 0.20-acre lot. The 1,034 sq. ft. ranch-style main residence features 2 bedrooms, 1 bathroom, beautifully refinished hardwood floors, an updated kitchen and bathroom, a new electrical panel, and a tankless water heater. Currently rented for $1,500 per month, this home combines classic character with modern improvements. The attached 1-bedroom, 1-bathroom ADU provides a second income stream, currently rented for $1,050 per month. Together, the two units generate $2,550 in monthly gross rental income, or $30,600 annually, making this an attractive opportunity for investors seeking established rental income. Situated on a large, fully fenced 0.20-acre lot, the property features convenient alley and gate access, a garage, and a shop offering valuable storage and workspace. The xeriscaped front yard helps minimize maintenance, and appliances are included in both units. The owner has also explored potential expansion options with the City of Grand Junction, offering possibilities for future improvements, subject to city approval. Conveniently located near Colorado Mesa University, St. Mary's Medical Center, Downtown Grand Junction, shopping, restaurants, and everyday amenities, this property offers a central location with strong rental appeal. Two occupied units. $2,550 per month in existing gross rent. Updated interiors. Garage and shop. Large fenced lot. Whether you're expanding your investment portfolio or exploring future owner-occupancy opportunities, 1615 N 20th Street deserves a closer look. Schedule your private showing and discover the income potential this Grand Junction property has to offer!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $379,900 |
| No. of Units: | 2 |
| Year Built: | 1953 |
| Lot Size: | 1,034.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $189,950 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 2 |
ID: 3yd-GJARACO-20265043
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