Homes for sale - 1825 7th Ave #Various, Greeley, CO 80631

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$650,000

Est. payment - /mo

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6 BD

3 BA

9,583 Sqft Lot

Active

1825 7th Ave #Various Greeley, CO 80631

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Jerid Wempen

jerid@titanonerealty.com +1(720) 297-4020

UPDATED:

11/08/2024 04:45 PM

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Subdivision Arlington Heights

MLS Listing ID 1021960

Bedrooms 6

HOA Y/N false

Originating Board IRES MLS

Year Built 1910

Annual Tax Amount $2,148

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

Area Greeley/Weld

Zoning RH

Direction From I-25, Exit 257 (US 34 E) toward Greeley. After 6.8 mil, take the US-34 BUS exit, and continue on US-34 BUS E., turning right onto 7th Ave. Drive approx. 8 1/2 block. Property is between 17th and 18th St. on west side of street.

Rooms

Basement Full

Interior

Interior Features Walk-In Closet(s)

Heating Forced Air, Individual Heat Source

Cooling Central Air, Ceiling Fan(s)

Fireplaces Type Single Fireplace

Fireplace true

Window Features Window Coverings,Double Pane Windows

Appliance Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal

Exterior

Exterior Feature Lighting

Garage Alley Access

Fence Partial, Wood

Utilities Available Natural Gas Available, Electricity Available

Waterfront false

Roof Type Composition

Street Surface Paved,Asphalt

Porch Patio

Building

Lot Description Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet

Story 3

Sewer City Sewer

Water City Water, City of Greeley

Level or Stories Tri-Level

Structure Type Wood/Frame,Wood Siding

New Construction false

Schools

Elementary Schools Maplewood, Monfort

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Senior Community false

Tax ID R3298286

SqFt Source Other

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by LC Real Estate Group, LLC • 3035888808

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Jerid Wempen

Broker

+1(720) 297-4020