2336 Elm Avenue, Grand Junction, CO 81501

This 2864 sq ft property includes a 4 bed, 2 bath main house + basement apartment-perfectly located near Colorado Mesa University. Ideal for investors or owner-occupants seeking rental income. The basement apartment 1024 SQFT, 2 bedrooms (1 non-conform), 1 bath, rents for $1,000/month. Tenants are m-t-m & pay all utilities except w/s/t. No pets or smoking-ever. The main house is currently being refreshed with new paint & carpet, the front porch is being updated. Major improvements in the past 5 years include: new sewer line, roof & gutters, updated mechanical systems (HVAC, etc.) Ample off-street parking via alley access w/small RV pad. Strong rental demand due to proximity to CMU. Live in one unit and rent the other, or lease both for strong, consistent income, with a high cap rate, turnkey condition, and prime location in a growing Grand Junction market.