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1820 8th Ave

Greeley, CO 80631
  • $410,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 1000984
$410,000
  • 5
    BEDS
  • 0.22
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,968
    SQFT
  • $208
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1906
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Unlock the potential of your real estate portfolio with this strategically positioned duplex, 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 a home; it's a gateway to consistent rental income and long-term growth. CASH FLOW OPPORTUNITY - 6.6% Cap rate! NEW FURNACE AND WATER HEATER. $2,800/MONTH IN RENT. We're pleased to offer this up/down legal duplex 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, 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 sprinklered yard, spacious lot, and storage shed with alley access, adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements. Unit 1- rented for 1 year at $2,000 per month. Unit 2- rented for 1 year at $800. Annual insurance premium is $1,458. 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 duplex investment property.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2024-02-25T23:42:03.243.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1820 8th Ave Greeley, CO 80631

  • Price: $410,000
  • Status: Active
  • On Site: 55 Days
  • MLS #: 1000984
5
Beds
3
Baths
0
½ Baths
0.22
Acres
1,968
SQFT
$208
$/SQFT
1906
Built
Neighborhood:
Arlington Heights
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Cameron
Middle School:
Heath
High School:
Greeley Central
School District:
Greeley 6
Property Description
Unlock the potential of your real estate portfolio with this strategically positioned duplex, 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 a home; it's a gateway to consistent rental income and long-term growth. CASH FLOW OPPORTUNITY - 6.6% Cap rate! NEW FURNACE AND WATER HEATER. $2,800/MONTH IN RENT. We're pleased to offer this up/down legal duplex 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, 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 sprinklered yard, spacious lot, and storage shed with alley access, adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements. Unit 1- rented for 1 year at $2,000 per month. Unit 2- rented for 1 year at $800. Annual insurance premium is $1,458. 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 duplex investment property.
Exterior Features

Architectural Style Cottage/Bung Construction Materials Wood/FrameWood Siding Direction Faces West Entry Location Outside Entry Fencing Partial Horse YN No Levels Two Lot Features CurbsSidewalksLawn Sprinkler SystemLevelWithin City Limits Other Parking Parking Per Unit(2 Spaces/Unit) Other Structures Storage Parking Features Alley Access Patio And Porch Features Patio Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Structure Type Legal ConformingDuplex View City Waterfront YN No

Interior Features

Accessibility Features Level LotLevel DriveMain Floor BathMain Level Bedroom Appliances Electric Range/OvenGas Range/OvenDishwasherRefrigeratorWasherDryerMicrowaveSome Appliances Basement Full90%+ Finished Basement Cooling Ceiling Fan(s) Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features Eat-in KitchenOpen FloorplanOutside EntryCrown Molding Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 4 Unit1 Est Sq Ft 1218 Unit1 Total Baths 2 Unit2 Bedrooms 1 Unit2 Est Sq Ft 750 Unit2 Total Baths 1 Window Features Wood Frames

Property Features

Association YN No Cap Rate 6.59 Ditches Active YN No Electric ElectricXcel Exclusions Seller's and tenant's personal property. Gas Natural GasAtmos Green Energy Efficient Southern ExposureHVAC Gross Income 33600 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Greeley Net Operating Income 27013 New Construction YN No Operating Expense 6587 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 1769 Tax Year 2023 Tenant Pays DepositGasElectricityWater Unit1 Rent 2000 Unit2 Rent 800 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Of Greeley Zoning RH

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Nicholas Bukowski of The Station Real Estate: 9702197096.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2024-02-25T23:42:03.243.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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