Homes for sale - 1525 11th AVE, Greeley, CO 80631

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Cody Walker

cody@sourceofhome.com +1(970) 528-0604

$650,000

Est. payment - /mo

3,624 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,624 sqft

Price per Sqft $179

Subdivision Seaman & Cranfords Sub Of E2 B156&161

MLS Listing ID IR1029227

HOA Y/N No

Year Built 1916

Annual Tax Amount $2,918

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Quadruplex

Source recolorado

Property Description

GREAT INVESTMENT OPPORTUNITY!! Multi-unit house that can offer up to 8 Bedrooms that is just 3 blocks from UNC Campus. The property was just recently updated in Jan 2025 with all new electrical, new carpet, new LVP, new paint, new coin operated washer and dryer, new house furnace, new additional heating system in Unit 4 and some various new windows. Other previous and somewhat recent improvements, include a newer roof with class 4 shingles and a Sewer line replaced in 2023. Unit 1 (3 BD/1BT), located on the main floor and has its own front entrance with a large private covered porch. Unit 2 (1BD/1BT) and Unit 3 (2BD/1BT) are basement units with a shared exterior entry for both units. Unit 4 (1BD/1BT could also be used as a 2BD) is on the second level and and has its own private exterior entrance. Additionally, there is a large oversized 2 car detached garage that can allow for additional income and is currently rented. Overall, there are 7 parking spaces, not including the garage or on-street parking. Tenants are charged a flat fee for utilities which is included in rent. Potential NOI will be about $55K with Gross Income of $70K, leaving a CAP RATE of about 8.3 and GRM 9.3Walking distance to UNC campus, soccer and baseball fields and minutes from Downtown Greeley restaurants, bars and entertainment. Easy access to HWY34 and HWY85.

Location

State CO

County Weld

Zoning Res

Interior

Heating Forced Air

Equipment Satellite Dish

Fireplace N

Appliance Disposal, Oven, Refrigerator

Exterior

Utilities Available Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

Roof Type Composition

Total Parking Spaces 4

Building

Lot Description Flood Zone, Level, Sprinklers In Front

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame,Wood Siding

Schools

Elementary Schools Maplewood

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Ownership Individual

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Ambassador Colorado

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Cody Walker

+1(970) 528-0604

Agent | FA.100072314

Agent FA.100072314

1525 11th AVE Greeley, CO 80631

Cody Walker

Key Details

Location

Interior

Exterior

Building

Schools

Others

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