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$379,900

Est. payment - /mo

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3 Beds

2 Baths

1,034 SqFt

New

1615 N 20th Street Grand Junction, CO 81501

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Jerid Wempen

jerid@titanonerealty.com +1(720) 297-4020

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,034 sqft

Price per Sqft $367

Subdivision Delmar Pk & Hic

MLS Listing ID 20265043

Style Ranch

Bedrooms 3

HOA Y/N false

Year Built 1953

Annual Tax Amount $1,109

Tax Year 2025

Acres 0.2

Lot Dimensions Irregular

Property Sub-Type Multi Family

Property Description

INVESTMENT OPPORTUNITY WITH $30,600 IN ANNUAL GROSS RENTAL INCOME! Welcome to 1615 N 20th Street in central Grand Junction, Colorado, offering two income-producing living spaces, extensive updates, and additional possibilities on a spacious 0.20-acre lot. The 1,034 sq. ft. ranch-style main residence features 2 bedrooms, 1 bathroom, beautifully refinished hardwood floors, an updated kitchen and bathroom, a new electrical panel, and a tankless water heater. Currently rented for $1,500 per month, this home combines classic character with modern improvements. The attached 1-bedroom, 1-bathroom ADU provides a second income stream, currently rented for $1,050 per month. Together, the two units generate $2,550 in monthly gross rental income, or $30,600 annually, making this an attractive opportunity for investors seeking established rental income. Situated on a large, fully fenced 0.20-acre lot, the property features convenient alley and gate access, a garage, and a shop offering valuable storage and workspace. The xeriscaped front yard helps minimize maintenance, and appliances are included in both units. The owner has also explored potential expansion options with the City of Grand Junction, offering possibilities for future improvements, subject to city approval. Conveniently located near Colorado Mesa University, St. Mary's Medical Center, Downtown Grand Junction, shopping, restaurants, and everyday amenities, this property offers a central location with strong rental appeal. Two occupied units. $2,550 per month in existing gross rent. Updated interiors. Garage and shop. Large fenced lot. Whether you're expanding your investment portfolio or exploring future owner-occupancy opportunities, 1615 N 20th Street deserves a closer look. Schedule your private showing and discover the income potential this Grand Junction property has to offer!

Location

State CO

County Mesa

Area Grand Junction City

Direction From 25 Road and Patterson Road, head East on Patterson Road. Turn right onto 15th Street, turn left onto Orchard Avenue. Right onto 20th Street. Continue through Mesa Avenue, remain on 20th Street. Home is on right hand side.

Rooms

Basement Crawl Space

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Evaporative Cooling

Flooring Hardwood, Tile

Fireplace false

Appliance Dryer, Dishwasher, Gas Cooktop, Refrigerator, Range Hood, Washer

Exterior

Exterior Feature None

Amenities Available None

Roof Type Asphalt,Composition

Present Use Residential,Single Family

Handicap Access None

Porch Covered, Patio

Building

Lot Description Xeriscape

Faces East

Story 1

Foundation Stem Wall

Sewer Connected

Water Public

Structure Type Stucco,Wood Frame

Schools

Elementary Schools Orchard Avenue

Middle Schools Bookcliff

High Schools Central

Others

HOA Fee Include None

Tax ID 2945-124-14-007

Listed by RE/MAX 4000, INC

NEARBY SCHOOL & BUSINESS

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Jerid Wempen

Broker

+1(720) 297-4020