Greeley, CO 80631 1602 11th Ave
$1,124,000
22 more
Presented By: SFinvest Real Estate; william@sfinvest.com,720-900-5872
Beds • 11
Baths • 4
SQFT • 5,105
Home Details
This specialty property, a frat house, offers high income, the benefit of a single joint and several net lease with 11 co-signers. If you think such a property presents risk, think again. The joint and several lease provides much greater security than a comparable property like a 4-plex. The bottom line, the property offers unique security of the income stream compared to conventional housing products. The 3.625% loan is fully assumable with fixed interest through September 2027, and with interest rate stops to ensure that the interest will not spike with the increase. Give us a call for your personal tour of this great asset.
Presented By: SFinvest Real Estate; william@sfinvest.com,720-900-5872
Interior Features for 1602 11th Ave
Bedrooms
Total Bedrooms11
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area3450
Air Conditioning Y/NNo
BasementPartially Finished
Below Grade Finished Area1655
Fireplace Y/NNo
Heating Y/NYes
General for 1602 11th Ave
AppliancesDishwasher, Washer, Dryer, Disposal
Attached Garage No
Cap Rate5.699999809
CityGreeley
Construction MaterialsWood/Frame, Brick/Brick Veneer, Concrete
CountyWeld
ElectricElectric
Elementary SchoolMaplewood
ExclusionsTenant personal property. Possession subject to existing tenant lease.
Garage Y/NNo
Gross Income94103
HOANo
HeatingBaseboard
High SchoolGreeley Central
High School DistrictGreeley 6
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet10019
Lot Size UnitsSquare Feet
MLS AreaGreeley/Weld
Middle/Junior High SchoolHeath
Net Operating Income63738
New ConstructionNo
Number Of Units Total2
Operating Expense30365
Patio/Porch FeaturesPatio
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofFiberglass
Senior Community Y/NNo
SewerOther Water/Sewer, Community
Standard StatusActive
StatusActive
Stories Count2
Structure TypeDuplex
Subdivision NameUniversity District
Tax Annual Amount3241
Tax Year2024
Tenant PaysGas, Electricity, Water, Exterior Maintenance, Trash Collection
UtilitiesElectricity Available, Cable Available
Year Built1915
ZoningR-H
Exterior for 1602 11th Ave
Building Area Total5105
Horse Y/NNo
Lot FeaturesCorner Lot
Lot Size Acres0.23
Lot Size Area10019
SpaNo
Water SourceCity Water, Other Water/Sewer
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Greeley Central High School
Elementary School
Maplewood Elementary School
Middle School
Heath Middle School
