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    1932 8th Ave

    Greeley, CO 80631
    • $900,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 946411
    UPDATED: 132 min ago
    $900,000
    • 18
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,355
      SQFT
    • $142
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1995
    County:

    School Information

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

    Description

    Opportunity is knocking at this property! Here is a great investment property to build your portfolio. Located within walking distance from UNC and Downtown Greeley this property is in the perfect location. There are 2 buildings on the property and 4 individual units, each have their own separate meters for gas and electricity. The first building was built in 1918 and is a 6 Bedroom 2 bath room house. The second building was built in 1995 and has 3 units and each of those units has 4 bedrooms and 3 bathrooms. The second building is fully leased and the first building is available for you to see. Currently the landlord is paying for the utilities in the second building but that is a great opportunity to have the tenants pay the utilities as each lease renews. Once you are able to get the tenants to take on all utilities, we expect the Cap Rate to bump up a full point to 6.05.

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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: 2021-08-01T23:38:33.38.
    www.downtownre.com/homes/119538189
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    1932 8th Ave Greeley, CO 80631

    • Price: $900,000
    • Status: Active
    • Updated: 132 min ago
    • MLS #: 946411
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    6,355
    SQFT
    $142
    $/SQFT
    1995
    Built
    Neighborhood:
    Arlington Heights
    County:
    Weld
    Area:
    10 Weld County (all)
    Elementary School:
    Maplewood
    Middle School:
    Heath
    High School:
    Greeley Central
    School District:
    Greeley 6
    Property Description
    Opportunity is knocking at this property! Here is a great investment property to build your portfolio. Located within walking distance from UNC and Downtown Greeley this property is in the perfect location. There are 2 buildings on the property and 4 individual units, each have their own separate meters for gas and electricity. The first building was built in 1918 and is a 6 Bedroom 2 bath room house. The second building was built in 1995 and has 3 units and each of those units has 4 bedrooms and 3 bathrooms. The second building is fully leased and the first building is available for you to see. Currently the landlord is paying for the utilities in the second building but that is a great opportunity to have the tenants pay the utilities as each lease renews. Once you are able to get the tenants to take on all utilities, we expect the Cap Rate to bump up a full point to 6.05.
    Exterior Features

    Architectural Style Ranch Construction Materials Wood/FrameVinyl Siding Direction Faces West Fencing PartialWood Horse YN No Levels Two Lot Features CurbsGuttersSidewalksLawn Sprinkler SystemMineral Rights Excluded Other Parking Parking Per Unit(2 Spaces/Unit) Parking Features Alley Access Property Attached YN No Road Frontage Type City Street Road Surface Type PavedDirtAsphalt Roof Composition Spa YN No Waterfront YN No

    Interior Features

    Accessibility Features Main Floor BathMain Level Bedroom Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryer Basement Full90%+ Finished BasementCrawl Space Cooling Central AirCeiling Fan(S) Cooling YN Yes Heating Forced AirHot Water2 Or More Heat Sources Heating YN Yes Interior Features Eat-In KitchenWalk-In Closet(S) Living Area Source Assessor Unit1 Bedrooms 6 Unit1 Est Sq Ft 2480 Unit1 Total Baths 2 Unit2 Bedrooms 4 Unit2 Est Sq Ft 1291 Unit2 Total Baths 3 Unit3 Bedrooms 4 Unit3 Est Sq Ft 1291 Unit3 Total Baths 3 Window Features Window Coverings

    Property Features

    Association YN No Cap Rate 5.01 Electric ElectricSeparate Meter ElectricityXcel Exclusions Mineral Rights And The Tenants Personal Property Gas Natural GasSeparate Meter GasAtmos Gross Income 79152 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms Cash Locale Greeley Net Operating Income 45130 New Construction YN No Operating Expense 34022 Possible Use Multi-Family Property Condition Not NewPreviously Owned Senior Community YN No Sewer City Sewer Tax Annual Amount 4415 Tax Year 2020 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Zoning Rh

    Listing information © 2021 Information and Real Estate Services
    Listing provided courtesy of Brad Inhulsen of Sears Real Estate.



    © 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: 2021-08-01T23:38:33.38.
     
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    528 S. Howes St.
    Fort Collins CO, 80521