This is the 3rd Least Expensive House On the Market Right Now in Grand Junction Colorado
Are you in the market for a new home in Grand Junction, Colorado? Are you searching for an income property? This home, conveniently located right in the middle of town, is the third least expensive house currently on the market in Grand Junction. Here's a chance to take a quick virtual tour.
This home comes with a nice chunk of property. At barely $200K, it won't be on the market long.
3rd Least Expensive House on the Market in Grand Junction, Colorado
I have several friends in the mortgage business, and they all tell me the market is strong, That fact, however, may be changing soon. Are you looking for a new home? Have you given thought to investing in rental properties? This may be the perfect house.
The home is currently listed at $205,000. That makes it the third-least expensive house on the market in Grand Junction as of Tuesday, February 15, 2022. The second-least expensive house was featured on this page about a month ago and is still available. The first-least expensive house on the market is something I don't want to talk about. It's seen some better days.
Specs on the House
According to Realtor.com, the rundown on this house is as follows:
- 840 square feet
- Built in 1955
- 3 bedrooms
- 1 bathroom
- Hardwood floors throughout the house
- 3 sheds in backyard
- New paint inside and out
This Can Be Looked At Several Different Ways
I own a number of rental houses in this area. One of which, about three blocks from here, is financially destroying me as we speak. It was a bad investment. A few years ago I sold another income property, one about four blocks from this house, and make a killing.
Twenty-some years ago I purchased a house about a block from this one. Looking back, I believe I paid about $30,000 for it. That's what I said, $30,000. I sold it years ago. My guess is that house is now worth as much as the house featured here. Imagine that - buying a house for $30K, renting it out, letting someone else essentially buy it for you, and then selling it for almost seven times what you paid for it. Not bad.
Put simply, you win some, and you lose some. I made good and bad decisions along the way. Handled properly, this home could represent an incredible investment.
Take a Quick Tour of This Grand Junction, Colorado Home
Take a look inside. I believe you'll find this home to be very clean, with beautiful wood flooring. It certainly won't hurt to look.
Like I say every time with these posts, I am not a realtor, I have no interest in this house, and will in no way benefit from the sale of the home. My interests involve real estate in Grand Junction. My interests involve affordable housing, not these $1M homes people keep building in the valley.
From time to time I pick up a new investment property, This house caught my eye, and with that, leads me to believe it could be of interest to you as well.