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$650,000

Est. payment - /mo

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7 Beds

4 Baths

9,583 Sqft Lot

New

1525 11th Ave Greeley, CO 80631

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Jeremy Kane

jeremy.kane@exprealty.com +1(303) 210-0378

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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

Information and Real Estate Services (IRES)

Listed by Ambassador Colorado • 9704007077

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Jeremy Kane

+1(303) 210-0378 | jeremy.kane@exprealty.com

1525 11th Ave Greeley, CO 80631

Jeremy Kane

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1525 11th Ave