516-28 28 3/4 Rd

Grand Junction, CO 81501

$5,900,000
Price
28
Beds
28
Baths
20,888 Sq. Ft.
$282 / Sq. Ft.
20,888
Sq. Ft.
$282
per Sq. Ft.

Description

Incredible Investment Opportunity – Brand New Construction! Completed in 2025, this free-standing apartment building is part of a premium 83-unit community at 28 3/4 rd. and North Ave. It can be purchased individually or packaged with 512 (31 units $5,800,000) and 514 (24 units $5,000,000) for a total of $16,700,000 This property includes 28 modern 1 bedroom /1-bath apartments, all with stackable washer/dryers. 8 Units are fully furnished. Fully leased with excellent tenants Prime central location...Incredible Investment Opportunity – Brand New Construction! Completed in 2025, this free-standing apartment building is part of a premium 83-unit community at 28 3/4 rd. and North Ave. It can be purchased individually or packaged with 512 (31 units $5,800,000) and 514 (24 units $5,000,000) for a total of $16,700,000 This property includes 28 modern 1 bedroom /1-bath apartments, all with stackable washer/dryers. 8 Units are fully furnished. Fully leased with excellent tenants Prime central location at 28 3/4 Rd. & North Ave. —steps from Walmart, Texas Roadhouse, Del Taco & more High-quality new construction by Grand Junction Real Estate Investments Strong, stable income stream with optional on-site management available This is a rare chance to secure a premier, turn-key multifamily investment in one of Grand Junction’s fastest-growing and most in-demand corridors. Call today to learn more—opportunities like this don’t come around often!
  1. Listed by STACEY COOK • COOK REAL ESTATE & DEVELOPMENT
    P: (970)-250-4663 stacey@cookrealestate.org
  2. Listed by DEB COOK • COOK REAL ESTATE & DEVELOPMENT
    P: (970)-424-2227 deb@cookrealestate.org

Property Details for 516-28 28 3/4 Road

Subdivision Name
N/A
Architectural Style
Two Story
LISTING UPDATED: 11/14/2025 10:09 AM

Property Details for 516-28 28 3/4 Road

StatusActive
MLS #20254556
Days on Market106
Taxes$11,796 / year
HOA Fees$3,542 / year
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Apartment
Year Built2025
CountyMesa County

Location

Listing Courtesy of COOK REAL ESTATE & DEVELOPMENT, STACEY COOK; COOK REAL ESTATE & DEVELOPMENT, DEB COOK
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Building Information for 516-28 28 3/4 Road

Building/Complex516-28 28 3/4 RdFloor-Stories2Residences28Pet Policy-Pet Policy Details-Year Built2025

Payment Calculator

$30,432 per month

30 year fixed, 6.28% Interest

Principal and Interest

$29,154

Property Taxes

$983

HOA Dues

$295

The Payment Calculator is for illustrative purposes only.

Property Information for 516-28 28 3/4 Road

Summary
Location and General Information
  • Accessibility Features: Grab Bars, See Remarks
  • Direction Faces: West
  • Directions: North Ave to 28 3/4 Rd. turn North, 2nd right.
  • Elementary School: Nisley
  • High School: Central
  • Middle Or Junior School: Bookcliff
  • Elevation: 4800
  • Road Frontage Type: City Street
  • Zoning Description: MU-2
Taxes and HOA Information
  • Association Amenities: None
  • Association Fee: $3,542.00
  • Association Fee Frequency: Annually
  • Tax Year: 2025
Property
Lot Information
  • Current Use: Multi Family
  • Lot Features: Irregular Lot, Landscaped, Sprinkler System
  • Lot Size Dimensions: Irregular
  • Lot Size Source: Assessor
  • Parcel Number: 2943-074-76-010
Property and Assessments
  • Construction Materials: Stucco, Wood Siding, Wood Frame
  • Number Of Units Total: 28
  • Stories: 2
Utilities
  • Cooling: Central Air, Window Units
  • Cooling: Yes
  • Heating: Electric
  • Heating: Yes
  • Sewer: Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: None, Sprinkler Irrigation
  • Patio And Porch Features: None
  • Roof: Asphalt, Composition
Interior Features
  • Appliances: Dryer, Electric Oven, Electric Range, Refrigerator, Washer
  • Basement: None
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Interior Features: None
  • Levels: Two
Rental Information
Rent Information
  • Land Lease: No

Schools near 516-28 28 3/4 Road

This home is within Mesa County Valley 51 School District.
Rating
School
Type
Grades
Distance
Nisley Elementary School
Public - PK to 5
Bookcliff Middle School
Public - 6 to 8
Central High School
Public - 9 to 12
R-5 High School
Public - 9 to 12
Rating
School
Distance
Nisley Elementary School
PublicPK to 5

Bookcliff Middle School
Public6 to 8

Central High School
Public9 to 12

R-5 High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 516-28 28 3/4 Road, Grand Junction, CO 81501

516-28 28 3/4 Road is a condo for sale in Grand Junction, CO 81501. This property was listed for sale on September 5, 2025 by COOK REAL ESTATE & DEVELOPMENT, it's currently listed at $5,900,000. This listing's school district is Mesa County Valley 51 School District. Nearby schools include Nisley Elementary School, Bookcliff Middle School and Central High School. 516-28 28 3/4 Road is a 28-bed, 28-bath, 20,888 sqft condo built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COOK REAL ESTATE & DEVELOPMENT, STACEY COOK; COOK REAL ESTATE & DEVELOPMENT, DEB COOK

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.