The 3rd Least Expensive House On The Market in Grand Junction Colorado
Are you in the market for a new home in Grand Junction, Colorado? Maybe you're searching for your next investment opportunity in Western Colorado. Take a quick tour of the third least expensive house on the market right now.
It's almost impossible to find anything in Grand Junction for less than $200,000. This home is hovering right around that mark. Take a look.
Investment Opportunity in Grand Junction, Colorado
Buying a house is one of the most stressful things you'll ever do. With that, it's important to find a great deal with long-term benefits. If you're looking for a home to serve as your residence, obviously, you want something nice. At the same time, struggling each month to make a mortgage payment that's greater than 50% of your income takes its toll after a while.
If you're looking for an investment, then you'll certainly want a property with the potential for cash flow in a relatively short amount of time. This house might just qualify.
The least expensive home on the market right now (March 3, 2022) isn't worth consideration. I've already posted about the second least expensive home in Grand Junction. As of today, March 3, 2022, that home is still on the market, listed at $205,000.
Why The Third Least Expensive House In Grand Junction, Colorado
I do this from time to time - post about the least expensive properties in Grand Junction. Why? A couple of reasons. First, I'm fatigued with the $600,000 and $1,200,000 houses in the valley. Personally, I find it soul-crushing. How are people supposed to afford to live?
Secondly, it's important to consider something when looking at a new home. I used to live in a modest little house on a lot barely bigger than the house. You could jump from one roof to the other in this neighborhood. The house I currently live in is more than three times the size of my old house. Looking back, though, I'm not sure I wasn't happier in the old house. It was more than plenty. The house was easy to take care of, didn't devour my entire paycheck, and didn't consume my every waking moment.
Pros and Cons When It Comes To Inexpensive Properties in Grand Junction, Colorado
There are two sides to this coin. According to simpleshowing.com, the benefits of an inexpensive property include:
- Keep your mortgage payments low to free up money to pay off debt
- Give you more room in your budget to improve or customize the house
- Minimize the interest you pay over the course of the loan
- Pay off your home faster
- Protect you financially from unexpected hardships that may arise with a heaftier mortgage payment
On the other hand, you may not save money if the home you purchase requires extensive repairs and upgrades. At the same time, if the home is located in a trouble area, the cons may drastically outweigh the pros. I've most definitely found myself in this situation, hence the reason for this post. Investment properties require careful consideration.
Take a Tour of 395 27 1/2 Road in Grand Junction, Colorado
This home is located not too far from Las Colonias Park. If you are a craftsman, mechanic, or someone with interests that might utilize garage space, you should definitely look at this home.
According to Realtor.com, specs on the house are:
- 772 square feet
- 2 bedroom
- 1 bath
- 0.39 acre lot
This house is no youngster, having been built in 1910. As you can see from the photos, it could use some upgrades.
Worth Taking a Tour
Like with all of these real estate posts, it's important for me to remind you I'm not a realtor. I don't own this property and have no interest in it. My interests involve purchasing real estate from time to time, partially as an investment, and partially as a symptom of some unidentified form of brain damage. This home could be a wise investment for the right person. They aren't making any more land. Is this the right fit for you? Please take a look.
Tour the 3rd Least Expensive House On The Market Right Now in Grand Junction Colorado