517 8th St

Description

Excellent opportunity to purchase three properties with $100,000 down payment. The proposed transaction structure includes purchase of 517 E 8th St, the residential income property for $165,000 with bank financing and separate purchase of 519 & 521 E 8th St,the mixed use commercial/industrial/storage and residential property for $525,000 with seller carry financing. The 8th Street Mixed Commercial/Residential/Storage building is conveniently located two blocks from 8th Avenue the main North/South Highway 34 Business Route through Downtown Greeley and is walking distance to Lincoln Park The property location enjoys proximity to key amenities, public transportation, and a thriving Downtown business community Three (3) commercial spaces including 2,500 SF commercial/industrial space (521 8thSt), +/- 1,100 SF local grocery, and 1,601 SF storage space (519 8th St) Three (3) residential units including 748 SF 2 Bed/1 Bath single family home (517 8th St),one $1,250 SF 2 Bed/1 Bath apartment over commercial (521 8th St), and one 750 SF 1Bed/1 Bath apartment (519 8th St) Industrial Medium Intensity (I-M) allows for a broad set of commercial and industrial uses Residential spaces enhance the property's versatility, attracting potential tenants seeking a convenient and vibrant urban lifestyle The combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability Proximity to Downtown Greeley and continued reinvestment in the area should benefit the long term potential of this property