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1806 8th Ave Greeley, CO 80631
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Key Details
Sold Price $500,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision Arlington Heights
MLS Listing ID 961461
Sold Date 05/03/22
Bedrooms 7
HOA Y/N false
Originating Board IRES MLS
Year Built 1915
Annual Tax Amount $2,105
Lot Size 6,969 Sqft
Acres 0.16
Property Description
PRIME UNIVERSITY OF NORTHERN COLORADO MULTI FAMILY INCOME PROPERTY. CASH FLOW OPPORTUNITY - 5.7% Cap rate! Over 3,000 finished sqft and a total of 7 beds and 4 baths. Up-down style duplex with both units metered separately for electric and gas. Unit 1- 4 bed, 2 bath - rented for 1 year at $1,850 per month w/tenants paying gas and electric. Unit 2- 3 bed, 2 bath - rented month-to-month at $995 per month w/tenants paying gas and electric. Annual insurance premium is $1,392. Owner pays water and trash, averaging $221/month. Coin operated laundry on site for additional income. Situated only 40 feet from UNC campus grounds, near Union Colony and downtown Greeley, and within a short drive from North Colorado Medical Center will appeal to a variety of potential tenants. Offering a sprinklered yard, spacious lot, alley access, and reserved off-street parking adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements.
Location
State CO
County Weld
Area Greeley/Weld
Zoning RH
Interior
Interior Features Satellite Avail, Eat-in Kitchen, Loft, Outside Entry
Heating Forced Air
Cooling Central Air
Flooring Wood Floors
Fireplaces Type Single Fireplace
Fireplace true
Window Features Window Coverings,Wood Frames
Appliance Electric Range/Oven, Refrigerator, Washer, Dryer
Laundry Washer/Dryer Hookups
Exterior
Garage Alley Access
Fence Fenced
Utilities Available Natural Gas Available, Electricity Available, Cable Available
Waterfront false
View City
Roof Type Composition
Street Surface Paved,Asphalt
Porch Patio
Parking Type Alley Access
Building
Lot Description Sidewalks, Fire Hydrant within 500 Feet, Lawn Sprinkler System, Mineral Rights Excluded, Level, Within City Limits
Faces West
Story 2
Sewer City Sewer
Water City Water, City Of Greeley
Level or Stories Two
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Cameron
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Senior Community false
Tax ID R3296686
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with RE/MAX Alliance-Loveland
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