2045 Bunting Avenue, Grand Junction, CO 81501 (MLS # 20263460)

4plex located in the heart of town less than 1/2 mile away from CMU. Fully leased with a current cap rate of 7.31%, and a pro-forma cap rate of 8.22+%. Separate storage building included with 5 storage units, one for each tenant and one for owner/maintenance. Each tenant has their own fenced yard space, private laundry services for washer/dryers, and plenty of parking on the property. Gas/Electric separately metered. New exterior paint, all new showers throughout, and 2 of the 4 units have been fully remodeled in the last couple of years, including all new paint, flooring, fixtures, vanities, showers, countertops, etc. Units have been rented within days of going vacant for the time owner has had it - low inventory for this product in this location. Located close to new car wash that was just built on North Avenue.

Last Updated	7/15/2026	Tract	N/A
Year Built	1976	Community	Grand Junction City
County	Mesa

SCHOOLS

Elementary School	Orchard Avenue
Jr. High School	Bookcliff
High School	Grand Junction

Additional Details

AIR	Evaporative Cooling
AIR CONDITIONING	Yes
APPLIANCES	Dishwasher, Disposal, Electric Oven, Electric Range, Range Hood, Refrigerator
AREA	Grand Junction City
BASEMENT	Crawl Space
CONSTRUCTION	Brick Veneer, Wood Siding
EXTERIOR	Dog Run, Other
HEAT	Floor Furnace, Natural Gas
INTERIOR	Other, See Remarks
LOT	8712 sq ft
LOT DESCRIPTION	Corner Lot, Landscaped
LOT DIMENSIONS	125 x 75
STORIES	1
STYLE	Fourplex, Ranch
SUBDIVISION	N/A
TAXES	2023
UTILITIES	Sewer Connected
WATER	Public
ZONING	RM-8

Location

 

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