285 S Grand Mesa Drive, Cedaredge, CO 81413
Local realty services provided by:Better Homes and Gardens Real Estate Fruit & Wine
285 S Grand Mesa Drive,Cedaredge, CO 81413
$412,500
- 5 Beds
- 3 Baths
- 3,245 sq. ft.
- Multi-family
- Pending
Listed by: lucinda stanley
Office: grand mesa real estate services
MLS#:20262280
Source:CO_GJARA
Price summary
- Price:$412,500
- Price per sq. ft.:$127.12
About this home
BACK ON MAREKT DUE TO BUYER'S LENDER'S TERMS NOT ACCEPTABLE. PRICED TO SELL! 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....
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Home facts
- Year built:2003
- Subdivision & Development:None
- Listing ID #:20262280
- Added:89 day(s) ago
- Updated:August 08, 2026 at 08:23 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Luxury Vinyl Plank, Tile, Wood
- Bathrooms Description:Garden Tub/Roman Tub, Jetted Tub
- Kitchen Description:Dishwasher, Disposal, Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator
- Living area:3,245 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Baseboard
Structure and exterior
- Roof:Asphalt, Composition
- Year built:2003
- Building area:3,245 sq. ft.
- Lot area:0.2 Acres
- Lot Features:Landscaped, Xeriscape
- Construction Materials:Stucco, Wood Frame
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Cedaredge
- Middle school:Cedaredge
- Elementary school:Cedaredge
Utilities
- Water:Public
- Sewer:Connected
Finances and disclosures
- Price:$412,500
- Price per sq. ft.:$127.12
- Tax amount:$2,620 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Ceiling Fans
Parking
- Parking description:Assigned
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