Greeley, CO 80631 1525 11th Ave

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Presented By: Ambassador Colorado; 9704007077
  • MLS# 1029227
  • 03/24/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 4
  • SQFT • 3,624

Home Details

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.
Presented By: Ambassador Colorado; 9704007077

Interior Features for 1525 11th Ave

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
BasementPartially Finished
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesSatellite Avail, High Speed Internet
Window FeaturesWindow Coverings

General for 1525 11th Ave

AccessibilityMain Floor Bath, Main Level Bedroom
AppliancesElectric Range/Oven, Gas Range/Oven, Refrigerator, Disposal
Attached Garage No
Cap Rate8.06
CityGreeley
Construction MaterialsWood/Frame, Wood Siding
CountyWeld
DirectionsFrom 10th Street head south on 11th Ave to property.
ElectricElectric, XCEL
Elementary SchoolMaplewood
ExclusionsTenants Personal Property
Facing DirectionEast
Garage Y/NNo
Gas Y/NNatural Gas, Atmos
Gross Income69300
HOANo
HeatingForced Air
High SchoolGreeley Central
High School DistrictGreeley 6
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet9583
Lot Size UnitsSquare Feet
MLS AreaGreeley/Weld
Middle/Junior High SchoolHeath
Net Operating Income52412
New ConstructionNo
Number Of Units Total4
Operating Expense16888
Other StructuresStorage
Patio/Porch FeaturesPatio
Possible UseSingle Family, Multi-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Stories Count2
Structure TypeLegal Conforming
Subdivision NameSeaman & Cranfords Sub Of E2 B156&161
Tax Annual Amount2918
Tax Year2024
Tenant PaysDeposit
UtilitiesNatural Gas Available, Electricity Available, Cable Available
Year Built1916
ZoningRes

Exterior for 1525 11th Ave

Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Lawn Sprinkler System, Level, Within City Limits
Lot Size Acres0.22
Lot Size Area9583
Other ParkingParking Per Unit(1 Space/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

High School Greeley Central High School
Elementary School Maplewood Elementary School
Middle School Heath Middle School

Jon Holsten

Price $650,000
MLS#1029227
List Date 03/24/2025
Property Type Income
Phone 970.237.2752
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