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1605 11th Ave

Greeley, CO 80631
  • $1,050,000
  • STATUS: Active
  • ON SITE: 76 Days
  • MLS #: 971431
UPDATED: 65 min ago
$1,050,000
  • 15
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,435
    SQFT
  • $101
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1914
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

HUGE PRICE IMPROVEMENT!! Here is the investment property you've been looking for with a 6.70% Cap Rate! 3-unit property in a 'Class A' location and immediate cashflow! Walking distance to UNC and tons of updates throughout the property over the last 8-years including HVAC, roof, fire sprinkler system, new bathrooms & kitchens; too many to list! Solid attorney-prepared leases in place. There is income potential with the common/flex room and ability to add coin-op laundry. Upper unit (8-bed) leased through 4/30/23 at $4,000/month, Front unit (6-bed) leased through 5/31/23 at $2,700/month, Basement unit (1-bed) month-to-month. Landlord is currently paying water, sewer, trash, electric. Buyer to verify all stated listing data including schools, square footage, zoning, etc.

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© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2022-10-05T19:41:52.317.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1605 11th Ave Greeley, CO 80631

  • Price: $1,050,000
  • Status: Active
  • On Site: 76 Days
  • Updated: 65 min ago
  • MLS #: 971431
15
Beds
0
Baths
0
½ Baths
0.17
Acres
10,435
SQFT
$101
$/SQFT
1914
Built
Neighborhood:
Cranford
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Maplewood
Middle School:
Heath
High School:
Greeley Central
School District:
Greeley 6
Property Description
HUGE PRICE IMPROVEMENT!! Here is the investment property you've been looking for with a 6.70% Cap Rate! 3-unit property in a 'Class A' location and immediate cashflow! Walking distance to UNC and tons of updates throughout the property over the last 8-years including HVAC, roof, fire sprinkler system, new bathrooms & kitchens; too many to list! Solid attorney-prepared leases in place. There is income potential with the common/flex room and ability to add coin-op laundry. Upper unit (8-bed) leased through 4/30/23 at $4,000/month, Front unit (6-bed) leased through 5/31/23 at $2,700/month, Basement unit (1-bed) month-to-month. Landlord is currently paying water, sewer, trash, electric. Buyer to verify all stated listing data including schools, square footage, zoning, etc.
Exterior Features

Construction Materials Wood/FrameWood Siding Direction Faces East Horse YN No Levels Two Lot Features Lawn Sprinkler System Other Parking Parking Per Unit(2 Spaces/Unit) Road Frontage Type City Street Road Surface Type Asphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Accessibility Features Level Lot Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryerMicrowaveDisposal Basement 50%+Finished Basement Cooling Central AirCeiling Fan(S) Cooling YN Yes Heating Forced AirHot WaterZoned Heating YN Yes Interior Features High Speed Internet Laundry Features Common Area Living Area Source Assessor Unit1 Bedrooms 6 Unit1 Est Sq Ft 2692 Unit1 Total Baths 2 Unit2 Bedrooms 8 Unit2 Est Sq Ft 6472 Unit2 Total Baths 3 Unit3 Bedrooms 1 Unit3 Est Sq Ft 1271 Unit3 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 6.7 Community Features Recreation Room Ditches Active YN No Electric ElectricXcel Energy Exclusions Coin-Op Laundry Machines in Boiler RoomTenants' And Seller's Personal Property Gas Natural GasAtmos Energy Gross Income 94800 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Greeley Net Operating Income 70361 New Construction YN No Operating Expense 24439 Possible Use Multi-Family Property Condition Not NewPreviously Owned Special Listing Conditions Private Owner Tax Annual Amount 4039 Tax Year 2022 Tenant Pays Deposit Unit1 Rent 2700 Unit2 Rent 4000 Unit3 Rent 1200 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Greeley Zoning R-H

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Daniel Preshaw of His House: 9703978461.



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2022-10-05T19:41:52.317.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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