285 S Grand Mesa Drive, Cedaredge, CO 81413

Cedaredge
Local realty services provided by:Better Homes and Gardens Real Estate Fruit & Wine
285 S Grand Mesa Drive,Cedaredge, CO 81413
$425,000
  • 5 Beds
  • 3 Baths
  • 3,245 sq. ft.
  • Multi-family
  • Active
Listed by: lucinda stanley
Office: grand mesa real estate services
MLS#:20262280
Source:CO_GJARA

Price summary

  • Price:$425,000
  • Price per sq. ft.:$130.97

About this home

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...

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Home facts

  • Year built:2003
  • Listing ID #:20262280
  • Added:1 day(s) ago
  • Updated:May 15, 2026 at 04:41 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:$425,000
  • Price per sq. ft.:$130.97
  • 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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