Greeley, CO 80631 1218 8th St

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Presented By: RE/MAX Alliance-Greeley; 9703305000
  • MLS# 1026065
  • 02/07/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 3
  • SQFT • 2,011

Home Details

Fully Rented Downtown Greeley Tri-Plex = Great Investment Opportunity! The major items have been taken care of including TWO NEW FURNACES, THREE NEW WATER HEATERS, NEW ROOF AND GUTTERS IN 2024! Discover an excellent opportunity to own a versatile multi-unit property in the heart of downtown Greeley! Unit 1 (main floor level): 1 bed, 3/4 bath - currently rented for $1050/mo. Unit 1 rent has a 20+ year tenant and rent will increase to $1300/mo in June, 2025. Unit 2 (main floor level): 1 bed / 1 bath - freshly updated with new carpet and paint that is currently rented for $1050/mo. Unit 3 (upper level): 2 bed / 1 bath was also refreshed with new paint and carpet and is currently rented for $1300/mo. On June 1, 2025 this will be a 7.77 CAP RATE! In addition, there is a 1-car detached garage, a storage shed, and has a prime location near downtown shops and restaurants. Don't miss this chance to add a fantastic multi-unit investment to your portfolio! No pictures were taken of Unit 1.
Presented By: RE/MAX Alliance-Greeley; 9703305000

Interior Features for 1218 8th St

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths3

Other Interior Features

LivingAreaSourceAppraiser
Air Conditioning Y/NNo
BasementPartial, Unfinished
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesSatellite Avail, High Speed Internet, Eat-in Kitchen
Window FeaturesWindow Coverings

General for 1218 8th St

AppliancesElectric Range/Oven, Gas Range/Oven, Refrigerator
Attached Garage No
Cap Rate7.28
CityGreeley
Construction MaterialsWood/Frame, Wood Siding
CountyWeld
ElectricElectric, Separate Meter Electricity, Xcel
Elementary SchoolMartinez
ExclusionsAny and all tenant's personal property.
Garage Y/NNo
Gas Y/NNatural Gas, Atmos
Gross Income39576
HOANo
HeatingForced Air
High SchoolNorthridge
High School DistrictGreeley 6
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet5750
Lot Size UnitsSquare Feet
MLS AreaGreeley/Weld
Middle/Junior High SchoolFranklin
Net Operating Income32062
New ConstructionNo
Number Of Units Total3
Operating Expense7514
Other StructuresStorage
Patio/Porch FeaturesDeck
Possible UseMulti-Family
Property Attached Y/NYes
Property ConditionNot New, Previously Owned
Property SubtypeAttached Dwelling
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive/Backup
Stories2
Subdivision NameGreeley City
Tax Annual Amount1730
Tax Year2024
Tenant PaysDeposit, Electricity, CPI Annual Escalation, Trash Collection
UtilitiesNatural Gas Available, Electricity Available, Cable Available
Year Built1892
ZoningRES

Exterior for 1218 8th St

Exterior AmenitiesLighting
FencingFenced, Wood, Chain Link
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Lawn Sprinkler System
Lot Size Acres0.13
Lot Size Area5750
Other ParkingParking Per Unit(1 Space/Unit, 2 Spaces/Unit)
Parking FeaturesAlley Access
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Greeley
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Martinez Elementary School
High School Northridge High School
Middle School Franklin Middle School

Jon Holsten

Price $440,000
MLS#1026065
List Date 02/07/2025
Property Type Backup
Phone 970.237.2752
Request Tour
Request Info
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