Greeley, CO 80631,1824 7th Ave
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Greeley, CO 80631,1824 7th Ave
Greeley, CO 80631,1824 7th Ave
Greeley, CO 80631,1824 7th Ave
Greeley, CO 80631,1824 7th Ave

$551,000

Est. payment /mo

$575,000

4.2%
Est.Price: ?

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1824 7th Ave Greeley, CO 80631

6 Beds

4 Baths

9,583 Sqft Lot

SOLD DATE : 08/16/2024

Key Details

Sold Price $551,000

Property Type Single Family Home

Sub Type Income Property

Listing Status Sold

Purchase Type For Sale

Subdivision Arlington Heights

MLS Listing ID 1013463

Sold Date 08/16/24

Bedrooms 6

HOA Y/N false

Originating Board IRES MLS

Year Built 1902

Annual Tax Amount $2,270

Lot Size 9,583 Sqft

Acres 0.22

Property Description

4 UNITS - 7% CAP RATE - REMODELED - $47k ANNUAL GROSS INCOME- Unlock the potential of your real estate portfolio with this strategically positioned fourplex, a lucrative investment opportunity within a stone's throw of the vibrant heartbeat of the UNC campus. Situated in a coveted neighborhood known for its academic energy, this property is not just an investment; it's a gateway to consistent rental income and long-term growth. We're pleased to offer this quadplex located steps from the University of Northern Colorado in a RH Density zoning. Situated a minute's walk from campus grounds, near Union Colony and downtown Greeley, collegiate Jackson Field, and within a short drive from North Colorado Medical Center, this income producing property will appeal to a variety of potential tenants with great marketability. Offering a spacious lot for future additions or development potential, and storage shed with alley access, adds to the attraction. This investment will provide the owner with stable cashflow, as ALL UNITS HAVE BEEN REMODELED IN THE PAST 5 YEARS, ROOF LESS THAN 5 YEARS, EXTERIOR PAINT LESS THAN 5 YEARS. BASEMENT UNIT HAS CONFORMING EGRESS WINDOWS. Unit 1- rented for 1 year at $895, Unit 2- rented for 1 year at $950, Unit 3- rented for 1 year at $1,250, Unit 4- listed for rent at $850. Annual insurance premium is $3,135. Whether you are a seasoned investor looking to diversify your portfolio or a newcomer seeking a solid entry point, this duplex near the university campus stands as a testament to the adage that real estate is about location, and this location is poised for success in the lucrative student housing market. Seize the opportunity to maximize your returns with this prime fourplex investment property.

Location

State CO

County Weld

Area Greeley/Weld

Zoning RH

Rooms

Other Rooms Storage

Interior

Interior Features Eat-in Kitchen, Separate Dining Room, Two Primary Suites, Crown Molding

Heating Forced Air

Window Features Window Coverings

Appliance Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator, Microwave

Laundry Washer/Dryer Hookups

Exterior

Utilities Available Natural Gas Available, Electricity Available, Cable Available

Waterfront false

View City

Roof Type Composition

Street Surface Paved,Asphalt

Handicap Access Main Floor Bath, Main Level Bedroom

Porch Patio

Building

Lot Description Curbs, Gutters, Sidewalks, Mineral Rights Excluded, Level, Within City Limits

Faces West

Story 2

Sewer City Sewer

Water City Water, City Of Greeley

Level or Stories Two, 4 L Front/Back

Structure Type Wood/Frame,Block,Stone,Wood Siding

New Construction false

Schools

Elementary Schools Cameron

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Senior Community false

Tax ID R3294186

SqFt Source Assessor

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by The Station Real Estate • 9702197096
Bought with C3 Real Estate Solutions, LLC

Rick Cavallaro

Broker/Founder | License ID: ER.040020925

+1(303) 641-1632

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