1525 11th Ave new Save Request In-Person Tour Request Virtual Tour
Greeley,CO 80631
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Subdivision Seaman & Cranfords Sub Of E2 B156&161
MLS Listing ID 1029227
Bedrooms 7
HOA Y/N false
Originating Board IRES MLS
Year Built 1916
Annual Tax Amount $2,918
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Income Property
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
Area Greeley/Weld
Zoning Res
Direction From 10th Street head south on 11th Ave to property.
Rooms
Other Rooms Storage
Basement Partially Finished
Interior
Interior Features Satellite Avail,High Speed Internet
Heating Forced Air
Window Features Window Coverings
Appliance Electric Range/Oven,Gas Range/Oven,Refrigerator,Disposal
Exterior
Parking Features Alley Access
Utilities Available Natural Gas Available,Electricity Available,Cable Available
Roof Type Composition
Street Surface Paved,Asphalt
Handicap Access Main Floor Bath,Main Level Bedroom
Porch Patio
Building
Lot Description Curbs,Gutters,Sidewalks,Lawn Sprinkler System,Level,Within City Limits
Faces East
Story 2
Sewer City Sewer
Water City Water,City of Greeley
Level or Stories Two
Structure Type Wood/Frame,Wood Siding
New Construction false
Schools
Elementary Schools Maplewood
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Senior Community false
Tax ID R3078086
SqFt Source Assessor
Special Listing Condition Private Owner