Located in Grand Junction Colorado the Grand Mesa Apartments comprise 24 2-bedroom/1-bath units of approximately 860 square feet. Residents like the spacious living area, bigger bedrooms and open dining/living areas offered. The kitchens have new matching black GE appliances with natural hickory cabinets. There are ceiling fans and thermostats in every room. And lots of storage including a big walk-in closet off the living room. Plus new energy-efficient windows and screens. Floors, doors and window coverings all done too. And all new plumbing lines, valves and fixtures means less maintenance hassles for residents and managers. Choose from Spectrum, Adaptive Internet or CenturyLink for your hi-speed. The air-conditioned on-site laundry facility offers newer Maytag APP-PAY machines. Outside is fresh paint, trim, awnings and signage with upgraded lighting and a 10-camera cloud-based surveillance system.Rare opportunity to acquire a well located all 2-bed unit building. The market fundamentals are exceptional as the property is central to strong employment, transportation, shopping, CMU, parks, hospitals, restaurants, Main Street and outdoor activities. Plus, Mesa County has a solid jobs market with strong consumer demand. Vacancy in this Western Slope market hovers between 2% – 3%. fueling the unprecedented rent growth here. Rents have increased multiple times just since July of 2020. Tenancy demographics include a high percentage of CMU students with parents happy to co-sign for them. And moms like the well-lit property and parking areas with restricted access to the hallway entries. The property consistently pulls 100% collections (through online tenant pay portals)- and usually by the 5th or 6th of the month. Property operations also derive significant additional income with new pet fees, pet rents, and other recurring income items.
With decades of experience, extensive knowledge of the Colorado market, and a shared commitment to placing people before profit, the Trevey Commercial Real Estate team provides an exceptional level of service with impressive results.