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1820 8th Ave

Greeley, CO 80631
  • $400,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 953268
$400,000
  • 5
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,968
    SQFT
  • $203
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1906
County:

School Information

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

Description

We're pleased to offer this up/down legal duplex located across the street from the University of Northern Colorado. Situated a minute's walk from campus grounds, near Union Colony and downtown Greeley, and within a short drive from North Colorado Medical Center, this income producing property will appeal to a variety of potential tenants. Offering a sprinklered yard, spacious lot, and storage shed with alley access, adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements to the lower unit (Unit 2). Unit 1- rented for 1 year at $1,795 per month. Unit 2- rented month-to-month at $800.Annual insurance premium is $1,458. Currently, owner pays all utilities with a bill back to tenants. Owner average $391/month. Bill back is only $150 for Unit 1. Opportunity to increase utility income. Sewer line cleaned out and scoped- available upon request.

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© 2021 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 Partners, LLC.. Data last updated: 2021-12-08T23:41:13.44.
www.downtownre.com/homes/122395761
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1820 8th Ave Greeley, CO 80631

  • Price: $400,000
  • Status: Active
  • On Site: 54 Days
  • MLS #: 953268
5
Beds
0
Baths
0
½ Baths
0.22
Acres
1,968
SQFT
$203
$/SQFT
1906
Built
Neighborhood:
Arlington Heights
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Cameron
Middle School:
Heath
High School:
Greeley Central
School District:
Greeley 6
Property Description
We're pleased to offer this up/down legal duplex located across the street from the University of Northern Colorado. Situated a minute's walk from campus grounds, near Union Colony and downtown Greeley, and within a short drive from North Colorado Medical Center, this income producing property will appeal to a variety of potential tenants. Offering a sprinklered yard, spacious lot, and storage shed with alley access, adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements to the lower unit (Unit 2). Unit 1- rented for 1 year at $1,795 per month. Unit 2- rented month-to-month at $800.Annual insurance premium is $1,458. Currently, owner pays all utilities with a bill back to tenants. Owner average $391/month. Bill back is only $150 for Unit 1. Opportunity to increase utility income. Sewer line cleaned out and scoped- available upon request.
Exterior Features

Construction Materials Wood/FrameWood SidingPainted/Stained Direction Faces West Horse YN No Levels Two Lot Features CurbsSidewalksFire Hydrant Within 500 FeetLawn Sprinkler SystemLevelWithin City Limits Other Parking Parking Per Unit(1 Space/Unit) Other Structures Storage Parking Features Alley Access Patio And Porch Features Patio Property Attached YN No Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Structure Type Legal ConformingDuplex Waterfront YN No

Interior Features

Accessibility Features Level Lot Appliances WasherDryer Basement Full90%+ Finished Basement Heating Forced Air Heating YN Yes Interior Features Eat-In Kitchen Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 4 Unit1 Est Sq Ft 1218 Unit1 Total Baths 2 Unit2 Bedrooms 1 Unit2 Est Sq Ft 750 Unit2 Total Baths 1

Property Features

Association YN No Cap Rate 6.09 Ditches Active YN No Electric ElectricXcel Exclusions Tenant's Personal PropertyIncluding Microwaves. Gas Natural GasAtmos Gross Income 32005.8 Has Improvements No Has Water Rights No Income Includes Lease/RentsCommon Area Fees Listing Sub Status None Listing Terms CashConventional Locale Greeley Net Operating Income 24349.8 New Construction YN No Operating Expense 7656 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Property Sub Type Single Family Residence Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 1536 Tax Year 2020 Tenant Pays Deposit Unit1 Rent 1795 Unit2 Rent 800 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Of Greeley Zoning Rh

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Nicholas Bukowski of Equity Colorado-Front Range.



© 2021 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 Partners, LLC.. Data last updated: 2021-12-08T23:41:13.44.
 
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Downtown Real Estate Partners, LLC.
528 S. Howes St.
Fort Collins CO, 80521