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For Sale23 Days
$650,000

1825 7th Avenue #Various
Greeley, CO 80631

Income For Sale
3,008 Sq. Ft.
0.22 Acre Lot
LC Real Estate Group, LLC

Description for 1825 7th Avenue #Various, Greeley, CO 80631

The Arlington Heights multi-unit house is conveniently located 1 block from the UNC – easy access to the rest of Greeley. Updated most recently in 2024. Priced well below replacement cost, and is an excellent value for a historic infill property. 3 unit 2 story house with desirable unit mix including: One 3 BD,1 BTH, One 1 BD, 1 BTH non-conforming rear entry main floor unit, and One 2 BD, 1 BTH basement unit. Turnkey income property is 100% leased with average in-place rents of $1.50/SF and overall average rent of $750 per bedroom, detached parking garage separately leased for $150/month, and pet rent of $35/month. Financial Summary: 7.5% Annual all cash return (Cap rate) and excellent 12.0 year return of purchase price to annual gross rents (Gross Rent Multiple). Large 0.22 acre lot with mature landscaping, private fully fenced backyard, and separately rented detached two car garage. Unit(s) include central air, ceiling fans, walk-in closets, double pane windows, programmable thermostats, wood burning fireplace, and patio. Unit(s) include 2 door refrigerator, built-in microwave, dishwasher, electric range/oven, oak cabinets, HD Formica and solid surface counters, and laminate wood flooring. Location Amenities: Walking distance to UNC campus, soccer and baseball fields and minutes from Downtown Greeley restaurants, bars and entertainment.

Property Details

Listing Details
For Sale
Income
Triplex
For Sale
RECIR1021960
$650,000
11/07/2024
3,008 Sqft
1910
Single Family
RECIRP05989
Location Information
US
CO
Weld
Greeley
80631
7th
1825
Avenue
Arlington Heights
W105° 18' 37.8''
N40° 24' 32''
Various
Yes
Garage/Parking
No
No
Interior Features
Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer,Oven
Walk-in Closet(s)
Window Coverings,Double Pane Windows
Basement
Full
Exterior Features
Patio
No
No
Composition
Wood Siding,Wood Frame
Fenced,Partial
WaterFront and WaterAccess
No
Land Info
0.22 Acre
Public
Nw
RH
R3298286
Monthly
Paved,Alley Paved
Utilities
Forced Air
Central Air,Ceiling Fan(s)
Public Sewer
HOA Info
Monthly
3
No
Rental Info
Monthly
Tax Info
GR3401 L13-14 BLK9 ARLINGTON HEIGHTS
$2,148
2024
Schools
Maplewood
Greeley Central
Heath
Listing Information
LC Real Estate Group, LLC
Wayne Lewis
RECIR8LMHS
Recolorado
$650,000
11/08/2024 16:51:17
Natural Gas Available,Electricity Available
Public
Greeley 6
Greeley 6
RECIRP16556
LC Real Estate Group, LLC
Dallas Landry

Price History

Source: MLS
DateEventPriceSource
2024-11-07 07:00:00For Sale$650,000MLS
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Walk Score

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4

Bike Score

7

Transit Score

3

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Courtesy of LC Real Estate Group, LLC
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