Greeley, CO 80631 517 8th St

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Presented By: LC Real Estate Group, LLC; 3035888808
  • MLS# 1038272
  • 07/01/2025
  • Request Tour
  • Request Info
  • Beds • 5
  • Baths • 3
  • SQFT • 7,948

Home Details

Excellent opportunity to purchase three properties with $100,000 down payment. The proposed transaction structure includes purchase of 517 E 8th St, the residential income property for $165,000 with bank financing and separate purchase of 519 & 521 E 8th St,the mixed use commercial/industrial/storage and residential property for $525,000 with seller carry financing. The 8th Street Mixed Commercial/Residential/Storage building is conveniently located two blocks from 8th Avenue the main North/South Highway 34 Business Route through Downtown Greeley and is walking distance to Lincoln Park The property location enjoys proximity to key amenities, public transportation, and a thriving Downtown business community Three (3) commercial spaces including 2,500 SF commercial/industrial space (521 8thSt), +/- 1,100 SF local grocery, and 1,601 SF storage space (519 8th St) Three (3) residential units including 748 SF 2 Bed/1 Bath single family home (517 8th St),one $1,250 SF 2 Bed/1 Bath apartment over commercial (521 8th St), and one 750 SF 1Bed/1 Bath apartment (519 8th St) Industrial Medium Intensity (I-M) allows for a broad set of commercial and industrial uses Residential spaces enhance the property's versatility, attracting potential tenants seeking a convenient and vibrant urban lifestyle The combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability Proximity to Downtown Greeley and continued reinvestment in the area should benefit the long term potential of this property
Presented By: LC Real Estate Group, LLC; 3035888808

Interior Features for 517 8th St

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NNo
BasementNone
Fireplace Y/NNo
Heating Y/NYes

General for 517 8th St

Attached Garage No
Cap Rate10.01
CityGreeley
Construction MaterialsWood/Frame, Block, Stucco, Wood Siding
CountyWeld
DirectionsFrom I-25, Exit 257 (US-34 E) toward Greeley. After 6.8 mi, take the US-34 BUS exit, and continue on US-34 BUS East & continue on 10th Street. Turn left onto 6th Ave., then right on 8th Street. Property
ElectricElectric, Xcel Energy
Elementary SchoolMaplewood
Garage Y/NNo
Gas Y/NNatural Gas, Atmos Energy
Gross Income106794
HOANo
HeatingSpace Heater, 2 or more Heat Sources
High SchoolGreeley Central
High School DistrictGreeley 6
Land Lease Y/NNo
LevelsBi-Level
Living Area UnitsSquare Feet
Lot Size Square Feet8712
Lot Size UnitsSquare Feet
MLS AreaGreeley/Weld
Middle/Junior High SchoolHeath
Net Operating Income69103
New ConstructionNo
Number Of Units Total5
Operating Expense37691
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofTar/Gravel
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameGreeley City
Tax Annual Amount12272
Tax Year2024
Tenant PaysDeposit, Gas, Electricity, Water, Sewer
UtilitiesNatural Gas Available, Electricity Available
Year Built1919
ZoningI-M

Exterior for 517 8th St

Exterior AmenitiesLighting
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Level
Lot Size Acres0.2
Lot Size Area8712
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 $690,000
MLS#1038272
List Date 07/01/2025
Property Type Income
Phone 970.237.2752
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