Homes for sale - 1525 11th AVE, Greeley, CO 80631

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Bill Watson

bill@watsonrg.com +1(303) 842-0836

$650,000

Est. payment - /mo

9,583 Sqft Lot

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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

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Listed by Ambassador Colorado • 9704007077

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(303) 842-0836

bill@watsonrg.com

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1525 11th AVE Greeley, CO 80631