Description
Prime multifamily investment opportunity in Fruita! Conveniently located near schools, shopping, and Downtown Fruita, this property consists of two separate 4-unit buildings for a total of 8 units with no HOA. Each unit offers 2 bedrooms, 1 bath, approximately 1,022 sq ft, and in-unit washer/dryer hookups. All 8 units are currently leased, with seven units at $1,100 per month and one unit at $1,200 per month, providing $8,900 in current monthly gross rent. Gas and electric are individually metered and paid by the tenants, while the owner covers water, sewer, and trash. Property improvements include wood laminate flooring in six of the eight units, with the remaining two units featuring older carpet, and new water heaters in seven of the eight units. The roof was replaced approximately 11–12 years ago. A great opportunity to acquire an established, fully leased multifamily property in Fruita with existing rental income in place. The seller prefers to sell both buildings together but may consider selling individually with the right offer.
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16BEDS
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0.19ACRES
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8BATHS
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01/2 BATHS
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8,176SQFT
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$155$/SQFT
School Information
Description
Prime multifamily investment opportunity in Fruita! Conveniently located near schools, shopping, and Downtown Fruita, this property consists of two separate 4-unit buildings for a total of 8 units with no HOA. Each unit offers 2 bedrooms, 1 bath, approximately 1,022 sq ft, and in-unit washer/dryer hookups. All 8 units are currently leased, with seven units at $1,100 per month and one unit at $1,200 per month, providing $8,900 in current monthly gross rent. Gas and electric are individually metered and paid by the tenants, while the owner covers water, sewer, and trash. Property improvements include wood laminate flooring in six of the eight units, with the remaining two units featuring older carpet, and new water heaters in seven of the eight units. The roof was replaced approximately 11–12 years ago. A great opportunity to acquire an established, fully leased multifamily property in Fruita with existing rental income in place. The seller prefers to sell both buildings together but may consider selling individually with the right offer.