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1932 8th Ave Greeley, CO 80631
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Key Details
Sold Price $865,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision Arlington Heights
MLS Listing ID 946411
Sold Date 09/30/21
Style Ranch
Bedrooms 18
HOA Y/N false
Originating Board IRES MLS
Year Built 1995
Annual Tax Amount $4,415
Lot Size 0.330 Acres
Acres 0.33
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.
Location
State CO
County Weld
Area Greeley/Weld
Zoning RH
Interior
Interior Features Eat-in Kitchen, Walk-In Closet(s)
Heating Forced Air, Hot Water, 2 or more Heat Sources
Cooling Central Air, Ceiling Fan(s)
Window Features Window Coverings
Appliance Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
Exterior
Garage Alley Access
Fence Partial, Wood
Utilities Available Natural Gas Available, Electricity Available
Waterfront false
Roof Type Composition
Street Surface Paved,Dirt,Asphalt
Handicap Access Main Floor Bath, Main Level Bedroom
Parking Type Alley Access
Building
Lot Description Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Mineral Rights Excluded
Faces West
Story 1
Sewer City Sewer
Water City Water, City
Level or Stories One, Two
Structure Type Wood/Frame,Vinyl Siding
New Construction false
Schools
Elementary Schools Maplewood
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with eXp Realty LLC
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