285 S Grand Mesa Drive, Cedaredge, CO 81413 (MLS # 20262280)

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 Listing Broker and require a 48-hour notice to tenants.

Last Updated	5/14/2026	Tract	None
Year Built	2003	Community	Surface Creek
County	Delta

SCHOOLS

Elementary School	Cedaredge
Jr. High School	Cedaredge
High School	Cedaredge

Additional Details

AIR	Ceiling Fan(s), Window Unit(s)
AIR CONDITIONING	Yes
APPLIANCES	Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
AREA	Surface Creek
CONSTRUCTION	Stucco
EXTERIOR	None
HEAT	Baseboard
INTERIOR	Ceiling Fan(s)
LOT	8712 sq ft
LOT DESCRIPTION	Landscaped
LOT DIMENSIONS	148'x51'
PARKING	Assigned
STORIES	2
STYLE	TwoStory
SUBDIVISION	None
TAXES	2620
UTILITIES	Sewer Connected
WATER	Public
ZONING	B-1

Location

 

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