Grand Junction, CO?

Question

Is anyone familiar with the Grand Junction Colorado market? I have come across three people in the last 10 days who mentioned this as an up and coming real estate market. None of these people knew each other or are connected in any way. What I would want to know is what is happening there that would cause this to be a hot market? What is the rental situation? What are the new construction or rehab opportunities? I know absolutely nothing about this area except what I heard recently. One of these people invests in residential housing and small apartment buildings the other two were into land and commercial real estate. Any input would be greatly appreciated.

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Nick Kratzer · Answer

Hi, I'm also looking into the grand junction market. Mostly interested  in locating some wholesalers. Any advice on where to look?

Scott Emsley · Answer

I live, work, and invest here in Grand Junction (maybe all my eggs are in one basket?). But I think this post from 12 years ago is still true. I'm a Realtor and I personally love to invest in multi-family properties. We have the same challenges that every investor market has, but I think there are great deals to be had.

Eric Ducommun · Answer

I agree that Grand Junction is an outstanding opportunity in Colorado. Since the 1960's, the city leadership has been very forward thinking in their developments, ensuring the future viability of the city. With two major hospitals and a rapidly growing university, Grand Junction has the fundamental elements of continued development. It also has destination attractions such as the world-renown Colorado Mountain Winefest and brings in people from neighboring states for events at Las Colonias Ampitheatre.

Scott Elkins · Answer

If anyone has any Montrose/Delta/ Ridgway Telluride questions, holler.

We cover the whole hwy 50/550 corridor and are happy to assist any inquires.

Teri Feeney Styers · Answer

@Nick Kratzer ditto what @Tyler Daniels said plus: We have a rental vacancy rate of only about 2% - huge demand. We have the outdoor life that people envision with Colorado - and WAY better weather than the front range of the Rockies (Denver, etc.).  We also have a much more rural atmosphere for those who prefer that.

Matt Prinster · Answer

@Tyler Hallman

I don’t know of any wholesalers out there but I may be able to help, just shoot me a message. What property types are you guys looking to invest in?

Mike Wilkinson · Answer

@Scott Emsley Any particular parts of town, asset classes, or strategies that you are focused on out there? It appears that you could near the 1% rule range in B to C class properties SFR to small multi. Is that about what you're finding?

Jackie P. · Answer

@Scott Emsley  looking for an update on the Grand Junction area, particularly the Parachute area.  Would love to have a conversation with you.  We will be in the area most of November.

Tyler Hallman · Answer

My wife and I have family in Junction and are looking to invest in the area. Any wholesalers out there? The MLS is tapped it looks like. New homes selling for the same as old ones that need work.

Mike Wilkinson · Answer

@Scott Emsley Thanks for the reply, great to hear an honest opinion!

Grand Junction, CO?

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