Cindy Ficklin - Coldwell Banker Distinctive Properties Logo
$412,500
 $2,214 est/mo Sourced by Back At You

285 S Grand Mesa Drive,Cedaredge, CO 81413

Cedaredge, CO 81413

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Description

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.

Details

MLS #20262280
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year2003
Days On Site108
Listing Provided ByGRAND MESA REAL ESTATE SERVICES | LUCINDA STANLEY

Features

Bed(s)5
Bath(s)3
SQ Feet3,245
Story(s)2
Units2
ZoningB-1
Acreage0.20

Exterior

Lot FeaturesLandscaped, Xeriscape

Parking

Parking FeaturesAssigned

Taxes

Tax Annual Amount2620

Area Information

StateCO
CityCedaredge
Zip Code81413
AreaSurface Creek
Listing VS Median (in 81413)
Price:
$412,500
low | high
Med:
$437,000
44.060606060606% of Average
sqft:
3,245
low | high
Med:
1,836
93.420647149461% of Average
$ / sqft:
$127
low | high
Med:
$239
38.040228240829% of Average
On site:
108
low | high
Med:
83.5
100% of Average
Sourced by Back At You

Market Activity 81413

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Additional Information

Showing Information

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Learn More About This Property

Cindy Ficklin

Cindy Ficklin

Coldwell Banker Distinctive Prop

M. Ed., Ed. S. (970) 210-1161cindy@gjhomes.com
StateCO
CityCedaredge
Zip Code81413
AreaSurface Creek
Listing VS Median (in 81413)
Price:
$412,500
low | high
Med:
$437,000
44.060606060606% of Average
sqft:
3,245
low | high
Med:
1,836
93.420647149461% of Average
$ / sqft:
$127
low | high
Med:
$239
38.040228240829% of Average
On site:
108
low | high
Med:
83.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $309K - $515K
sqft: 2,000 - 4,000
Nearby Listings Property ImageNearby Listings Details
640 3/4 S Grand Mesa Drive Property Photo 1
$449,000
640 3/4 S Grand Mesa Drive
Cedaredge, CO 81413
Listing Updated: August 17, 2026 at 3:07:20 PM PDT

Cindy Ficklin - Coldwell Banker Distinctive Properties