1525 11th AVE Active Save Request In-Person Tour Request Virtual Tour
Greeley,CO 80631
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Subdivision Seaman & Cranfords Sub Of E2 B156&161
MLS Listing ID IR1029227
HOA Y/N No
Originating Board recolorado
Year Built 1916
Annual Tax Amount $2,918
Tax Year 2024
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Quadplex
Property Description
GREAT INVESTMENT OPPORTUNITY!! Multi-unit house that can offer up to 8 Bedrooms that is just 3 blocks from UNC Campus. The property was just recently updated in Jan 2025 with all new electrical, new carpet, new LVP, new paint, new coin operated washer and dryer, new house furnace, new additional heating system in Unit 4 and some various new windows. Other previous and somewhat recent improvements, include a newer roof with class 4 shingles and a Sewer line replaced in 2023. Unit 1 (3 BD/1BT), located on the main floor and has its own front entrance with a large private covered porch. Unit 2 (1BD/1BT) and Unit 3 (2BD/1BT) are basement units with a shared exterior entry for both units. Unit 4 (1BD/1BT could also be used as a 2BD) is on the second level and and has its own private exterior entrance. Additionally, there is a large oversized 2 car detached garage that can allow for additional income and is currently rented. Overall, there are 7 parking spaces, not including the garage or on-street parking. Tenants are charged a flat fee for utilities which is included in rent. Potential NOI will be about $55K with Gross Income of $70K, leaving a CAP RATE of about 8.3 and GRM 9.3Walking distance to UNC campus, soccer and baseball fields and minutes from Downtown Greeley restaurants, bars and entertainment. Easy access to HWY34 and HWY85.
Location
State CO
County Weld
Zoning Res
Interior
Heating Forced Air
Equipment Satellite Dish
Fireplace N
Appliance Disposal,Oven,Refrigerator
Exterior
Utilities Available Cable Available,Electricity Available,Internet Access (Wired),Natural Gas Available
Roof Type Composition
Total Parking Spaces 4
Building
Lot Description Flood Zone,Level,Sprinklers In Front
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Wood Frame,Wood Siding
Schools
Elementary Schools Maplewood
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Ownership Individual
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan