1825 7th AVE #Various Active Save Request In-Person Tour Request Virtual Tour
Greeley,CO 80631
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Arlington Heights
MLS Listing ID IR1021960
Year Built 1910
Annual Tax Amount $2,148
Tax Year 2024
Lot Size 9,583 Sqft
Property Description
The Arlington Heights multi-unit house is conveniently located 1 block from the UNC - easy access to the rest of Greeley. Updated most recently in 2024. Priced well below replacement cost, and is an excellent value for a historic infill property. 3 unit 2 story house with desirable unit mix including: One 3 BD,1 BTH, One 1 BD, 1 BTH non-conforming rear entry main floor unit, and One 2 BD, 1 BTH basement unit. Turnkey income property is 100% leased with average in-place rents of $1.50/SF and overall average rent of $750 per bedroom, detached parking garage separately leased for $150/month, and pet rent of $35/month. Financial Summary: 7.5% Annual all cash return (Cap rate) and excellent 12.0 year return of purchase price to annual gross rents (Gross Rent Multiple). Large 0.22 acre lot with mature landscaping, private fully fenced backyard, and separately rented detached two car garage. Unit(s) include central air, ceiling fans, walk-in closets, double pane windows, programmable thermostats, wood burning fireplace, and patio. Unit(s) include 2 door refrigerator, built-in microwave, dishwasher, electric range/oven, oak cabinets, HD Formica and solid surface counters, and laminate wood flooring. Location Amenities: Walking distance to UNC campus, soccer and baseball fields and minutes from Downtown Greeley restaurants, bars and entertainment.
Location
State CO
County Weld
Zoning RH
Interior
Heating Forced Air
Cooling Ceiling Fan(s),Central Air
Fireplaces Number 1
Exterior
Fence Fenced,Partial
Utilities Available Electricity Available,Natural Gas Available
Roof Type Composition
Building
Sewer Public Sewer
Water Public
Structure Type Wood Frame,Wood Siding
Schools
Elementary Schools Maplewood
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional