Greeley, CO 80631,1820 8th AVE
Greeley, CO 80631,1820 8th AVE
Greeley, CO 80631,1820 8th AVE
22
$385,000
$410,000
6.1%
Est.Price: ?

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9,583 Sqft Lot

1820 8th AVE Greeley, CO 80631

Est. payment /mo
SOLD DATE : 03/29/2024

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Key Details

Sold Price $385,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Arlington Heights

MLS Listing ID IR1000984

Sold Date 03/29/24

Style Cottage

HOA Y/N No

Originating Board recolorado

Year Built 1906

Annual Tax Amount $1,769

Tax Year 2023

Lot Size 9,583 Sqft

Acres 0.22

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.

Location

State CO

County Weld

Zoning RH

Rooms

Basement Full

Interior

Interior Features Eat-in Kitchen, Open Floorplan

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplace N

Appliance Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Fence Partial

Utilities Available Cable Available, Electricity Available, Natural Gas Available

View City

Roof Type Composition

Total Parking Spaces 8

Building

Lot Description Level, Sprinklers In Front

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Wood Frame,Wood Siding

Schools

Elementary Schools Other

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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REColorado (REColorado MLS)
Listed by The Station Real Estate • 9702197096
Bought with Rouse Realty

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Jerid Wempen

Broker

+1(720) 297-4020

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