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$950,000 COIRES
1605 11th Ave, Greeley, CO 80631
15 Beds
6 Baths
n/a SqFt

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Listing Provided By: Daniel Preshaw 9703978461 with His House
Price Improvement AND Seller is Offering a $10,000 Concession for Rate Buy-Down!! Here is the investment property you've been looking for! 3-unit property in a 'Class A' location and immediate cashflow; fully leased!! Walking distance to UNC and tons of updates throughout the property over the last 8-years including HVAC, roof, fire sprinkler system, new bathrooms & kitchens; too many to list! Solid attorney-prepared leases in place. There is income potential with the common/flex room and ability to add coin-op laundry. Upper unit (8-bed) leased through 4/30/23 at $4,000/month, Front unit (6-bed) leased through 5/31/23 at $2,700/month, Basement unit (1-bed) lease through 5/31/23 at $950/month. Landlord is currently paying water, sewer, trash, electric. Buyer to verify all stated listing data including schools, square footage, zoning, etc.
  • Price:
  • $950,000
  • Bedrooms:
  • 15
  • Acreage:
  • 0.17
  • Year Built:
  • 1914
  • Listing ID #:
  • 971431
  • Street Address:
  • 1605 11th Ave
  • City:
  • Greeley
  • State:
  • Colorado
  • Postal Code:
  • 80631
  • County:
  • Weld
  • Community:
  • Greeley/Weld
  • Subdivision:
  • Cranford
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
  • Basement Description:
  • 50%+finished Basement
  • Building Condition:
  • Not New, Previously Owned
  • Building Faces:
  • East
  • Construction Type:
  • Wood/Frame, Wood Siding
  • Has Handicap Features:
  • Level Lot
  • Interior Features:
  • High Speed Internet
  • Number Of Units:
  • 3
  • Square Footage Source:
  • Assessor
  • Stories:
  • 2
  • Stories:
  • Two
  • Type Of Roof:
  • Composition
  • Windows:
  • Window Coverings
  • Year Built:
  • 1914
  • Gross Income:
  • 91800
  • Net Operating Income:
  • 67361
  • Operating Expense:
  • 24439
  • Conforms To Zoning:
  • R-H
  • Lot Features:
  • Lawn Sprinkler System
  • Lot Size:
  • 7405
  • Lot Square Footage:
  • 7405
  • Road Frontage Type:
  • City Street
  • Road Type:
  • Asphalt
  • Suitable Use:
  • Multi-Family
  • Community Features:
  • Recreation Room
  • Days On Market:
  • 200
  • Excluded:
  • Coin-Op Laundry Machines In Boiler Room, Tenants' And Seller's Personal Property
  • Originating Mls:
  • Ires Mls
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $4,039
  • Tax Year:
  • 2022
  • Tenant Pays:
  • Deposit
  • Appliances:
  • Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Cooling System:
  • Central Air, Ceiling Fan(s)
  • Electricity:
  • Electric, Xcel Energy
  • Existing Water:
  • City Water, City Of Greeley
  • Gas:
  • Natural Gas, Atmos Energy
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Forced Air, Hot Water, Zoned
  • Heating:
  • Yes
  • Laundry:
  • Common Area
  • Utilities:
  • Natural Gas Available, Electricity Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Daniel Preshaw 9703978461 with His House
  • COIRES