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1229 10th St

Greeley, CO 80631
  • $625,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 978628
UPDATED: 124 min ago
$625,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,719
    SQFT
  • $230
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1885
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Fantastic Investment Opportunity! Continue renting out all four units or live in one unit and rent out the other three units, great option for residential owner occupant financing. Amazing downtown Greeley location less than a mile from the University of Northern Colorado. This two-story 4-plex offers a great unit mix of two units with 2 bedrooms and 1 bath and the additional two units feature 1 bedroom and 1 bath. Selling at a 6 CAP with the ability to raise CAP rate to high 7's very quickly with updates that have been done and expiring leases! Walk or bike to shopping, schools, and restaurants. The one bedroom units feature 1 full bath, an open concept living and kitchen area, and multiple closets. The two bedroom units feature 1 full bath, an open concept dining and living area, kitchen, and multiple closets. Property includes a common laundry area with coin-operated washer and dryer included. There is room for rental increases for all four units. The property comes with reserved off-street parking and additional on street parking. Call 970-460-4006 to schedule a showing or for additional information.

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© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or SW Team | RE/MAX Alliance. Data last updated: 2022-12-02T23:42:36.947.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.soldbystephco.com/homes/134678573
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1229 10th St Greeley, CO 80631

  • Price: $625,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 124 min ago
  • MLS #: 978628
6
Beds
0
Baths
0
½ Baths
0.14
Acres
2,719
SQFT
$230
$/SQFT
1885
Built
Neighborhood:
Greeley City
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Maplewood
Middle School:
Heath
High School:
Northridge
School District:
Greeley 6
Property Description
Fantastic Investment Opportunity! Continue renting out all four units or live in one unit and rent out the other three units, great option for residential owner occupant financing. Amazing downtown Greeley location less than a mile from the University of Northern Colorado. This two-story 4-plex offers a great unit mix of two units with 2 bedrooms and 1 bath and the additional two units feature 1 bedroom and 1 bath. Selling at a 6 CAP with the ability to raise CAP rate to high 7's very quickly with updates that have been done and expiring leases! Walk or bike to shopping, schools, and restaurants. The one bedroom units feature 1 full bath, an open concept living and kitchen area, and multiple closets. The two bedroom units feature 1 full bath, an open concept dining and living area, kitchen, and multiple closets. Property includes a common laundry area with coin-operated washer and dryer included. There is room for rental increases for all four units. The property comes with reserved off-street parking and additional on street parking. Call 970-460-4006 to schedule a showing or for additional information.
Exterior Features

Architectural Style ColonialContemporary/Modern Construction Materials Wood/FrameBrick/Brick VeneerWood Siding Direction Faces South Entry Location Outside Entry Fencing Partial Horse YN No Levels Two Lot Features CurbsGuttersSidewalksLawn Sprinkler SystemCorner LotLevelWithin City Limits Other Parking Parking Per Unit(1 Space/Unit) Patio And Porch Features Patio Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No View Foothills View Waterfront YN No

Interior Features

Accessibility Features Level LotLevel DriveMain Floor BathMain Level BedroomStall Shower Appliances Electric Range/OvenRefrigeratorMicrowave Basement NoneCrawl Space Cooling Room Air ConditionerCeiling Fan(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating GravityWood Stove Heating YN Yes Interior Features Satellite AvailHigh Speed InternetOpen FloorplanOutside Entry Living Area Source Other Unit1 Bedrooms 2 Unit1 Est Sq Ft 596 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 708 Unit2 Total Baths 1 Unit3 Bedrooms 1 Unit3 Est Sq Ft 635 Unit3 Total Baths 1 Unit4 Bedrooms 1 Unit4 Est Sq Ft 404 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 5.85 Ditches Active YN No Electric ElectricSeparate Meter ElectricityXcel Exclusions Sellers Personal PropertyTenants Personal PropertyAll Staging Items in Unit 1 Gas Natural GasSeparate Meter GasXcel Gross Income 46040.4 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Greeley Net Operating Income 36585.4 New Construction YN No Operating Expense 9455 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 3126 Tax Year 2021 Tenant Pays DepositGasElectricity Unit1 Rent 1050 Unit2 Rent 1150 Unit3 Rent 945 Unit4 Rent 770 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Of Greeley Zoning R-H

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Noco Home Team of C3 Real Estate Solutions, Llc: 9704604006.



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or SW Team | RE/MAX Alliance. Data last updated: 2022-12-02T23:42:36.947.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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