1825 7th AVE #Various, Greeley, CO 80631 - MLS#IR1021960

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Cara Grenko

cara@southdenverhomes.com +1(720) 998-1372

$650,000

Est. payment - /mo

9,583 Sqft Lot

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UPDATED:

11/08/2024 04:51 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Arlington Heights

MLS Listing ID IR1021960

HOA Y/N No

Originating Board recolorado

Year Built 1910

Annual Tax Amount $2,148

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

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

Rooms

Basement Full

Interior

Interior Features Walk-In Closet(s)

Heating Forced Air

Cooling Ceiling Fan(s), Central Air

Fireplaces Number 1

Fireplace Y

Appliance Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer

Exterior

Fence Fenced, Partial

Utilities Available Electricity Available, Natural Gas Available

Roof Type Composition

Building

Sewer Public Sewer

Water Public

Level or Stories Tri-Level

Structure Type Wood Frame,Wood Siding

Schools

Elementary Schools Maplewood

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Ownership Individual

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by LC Real Estate Group, LLC • 3035888808

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Cara Grenko

+1(720) 998-1372

Broker Associate | FAFA100067393

Broker Associate FAFA100067393