Greeley, CO 80631 1218 8th St
$400,000
24 more
Presented By: RE/MAX Alliance-Greeley; 9703305000
Beds • 4
Baths • 3
SQFT • 2,011
Home Details
Fully Rented Downtown Greeley Tri-Plex = Great Investment Opportunity! SELLER IS OFFERING BUYER CONCESSIONS! 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 $1300/mo. 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, carpet, new kitchen counter tops and flooring and is currently rented for $1300/mo. THIS IS AN 8.72 CAP RATE! Updated GFCIs throughout. 3 separate meters. In addition, there is 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
General for 1218 8th St
AppliancesElectric Range/Oven, Gas Range/Oven, Refrigerator
Attached Garage No
Cap Rate8.72
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 Income42486
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 Income34972
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
Stories Count2
Subdivision NameGreeley City
Tax Annual Amount1730
Tax Year2024
Tenant PaysDeposit, Gas, Electricity, Trash Collection, HVAC Maintenance
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)
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
