13
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$535,000
Est. payment /mo
6 Beds
4 Baths
4,898 SqFt
Active
791 1550 Road #1-4 Delta, CO 81416
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,898 sqft
Price per Sqft $109
Subdivision Jcs Minor
MLS Listing ID 837164
Style Other
Bedrooms 6
Full Baths 4
Year Built 1975
Annual Tax Amount $2,342
Tax Year 2025
Lot Size 2.400 Acres
Acres 2.4
Property Sub-Type Fourplex
Property Description
Located in North Delta along a pleasant road bordered by agricultural land, this 2.4-acre multifamily property offers both current income and significant upside potential. The setting provides a peaceful rural feel while maintaining convenient access to the surrounding Delta area, making it well-suited for continued rental use, expansion, or conversion into a private residence with income-producing opportunities. Unit #2, the upstairs three-bedroom unit, has been completely renovated and is now available to rent at $1,500 per month. The remaining three units are currently rented, providing existing income, while future remodels could substantially increase rental rates and overall property value. With ample acreage and flexible use potential, this property presents an appealing opportunity for investors seeking a value-add rental asset or buyers looking for a spacious property with income potential. The three downstairs units each include fenced areas, offering added convenience for tenants with a furry companion, dogs only. Irrigation water is also available through 2 1/2 shares of the North Delta Ditch Company, and the gated pipe system provides water for planting, gardening, landscaping, or other agricultural uses across the property. Priced at an 8% CAP rate and only $109 per square foot, this property represents an attractive investment opportunity with current income, value-add potential, and room for future growth.
Location
State CO
County Delta
Zoning Residential
Rooms
Basement Slab
Interior
Cooling Window Unit(s)
Inclusions Range/Oven, Refrigerator
Furnishings Unfurnished
Exterior
Parking Features Attached Garage
Garage Spaces 1.0
Roof Type Metal
Building
Story Two Story
Foundation Slab
Sewer City Water, Septic
Water City Water, Septic
New Construction No
Schools
Elementary Schools Open Enrollment
Middle Schools Open Enrollment
High Schools Open Enrollment
Listed by Grand Mesa Real Estate Services
NEARBY SCHOOL & BUSINESS
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