$544,000
$625,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 04/10/2023
Key Details
Sold Price $544,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Subdivision Greeley City
MLS Listing ID IR978628
Sold Date 04/10/23
Style Contemporary
HOA Y/N No
Originating Board recolorado
Year Built 1885
Annual Tax Amount $3,126
Tax Year 2021
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Fantastic Investment Opportunity! SELLER OFFERING 12K towards closing costs or rate buy down - allowing for additional cash flow for the first 2 years! Continue renting out all four units or live in one unit and rent out the other three units, great option for residential owner occupant financing. Amazing downtown Greeley location less than a mile from the University of Northern Colorado. This two-story 4-plex offers a great unit mix of two units with 2 bedrooms and 1 bath and the additional two units feature 1 bedroom and 1 bath. Selling at a 6 CAP with the ability to raise CAP rate to high 7's very quickly with updates that have been done and expiring leases! Walk or bike to shopping, schools, and restaurants. The one bedroom units feature 1 full bath, an open concept living and kitchen area, and multiple closets. The two bedroom units feature 1 full bath, an open concept dining and living area, kitchen, and multiple closets. Property includes a common laundry area with coin-operated washer and dryer included. There is room for rental increases for all four units. The property comes with reserved off-street parking and additional on street parking. Call 970-460-4006 to schedule a showing or for additional information.
Location
State CO
County Weld
Zoning R-H
Rooms
Basement Crawl Space, None
Interior
Interior Features Open Floorplan
Heating Gravity, Wood Stove
Cooling Air Conditioning-Room, Ceiling Fan(s)
Equipment Satellite Dish
Fireplace Y
Appliance Microwave, Oven, Refrigerator
Exterior
Fence Partial
Utilities Available Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available
View Mountain(s)
Roof Type Composition
Total Parking Spaces 4
Building
Lot Description Corner Lot, Level, Sprinklers In Front
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Wood Frame,Wood Siding
Schools
Elementary Schools Maplewood
Middle Schools Heath
High Schools Northridge
School District Greeley 6
Others
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with West and Main Homes Inc
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Broker-Owner | Lic# 40035149
jenelle@supremerealtygroup.com
11786 Shaffer Place Unit S-201, Littleton, CO, 80127