Opportunity is knocking at this property! Here is a great investment property to build your portfolio. Located within walking distance from UNC and Downtown Greeley this property is in the perfect location. There are 2 buildings on the property and 4 individual units, each have their own separate meters for gas and electricity. The first building was built in 1918 and is a 6 Bedroom 2 bath room house. The second building was built in 1995 and has 3 units and each of those units has 4 bedrooms and 3 bathrooms. The second building is fully leased and the first building is available for you to see. Currently the landlord is paying for the utilities in the second building but that is a great opportunity to have the tenants pay the utilities as each lease renews. Once you are able to get the tenants to take on all utilities, we expect the Cap Rate to bump up a full point to 6.05.
Other Interior FeaturesEat-in Kitchen, Walk-In Closet(s)
Area & Lot
Lot Area0.33 Acres
MLS® ID946411
Year Built1995
School DistrictGreeley 6
High SchoolGreeley Central
Middle SchoolHeath
Elementary SchoolMaplewood
Architecture StylesRanch
TypeMulti-Family
StatusSold
Exterior
Stories1
Air conditioningCentral Air, Ceiling Fan(s)
Heat typeForced Air, Hot Water, 2 or more Heat Sources
Water SourceCity Water, City
SewerCity Sewer
ParkingAlley Access
Lot FeaturesCurbs, Gutters, Sidewalks, Lawn Sprinkler System, Mineral Rights Excluded
RoofComposition
UtilitiesNatural Gas Available, Electricity Available
Finance
Sales Price$865,000
Real Estate Tax$4,415 yearly
Work With Christian
Christian commits himself to take the initiative to go the extra mile for his clients with everything he does. He takes the initiative to keep him ahead of clients' transactions and keep them informed.
