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1825 7th avenue greeley, CO 80631

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$650,000

Beds: 0
Baths: 0
Fin SqFt: 0
MLS Number:
IR1021960

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Description:
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.

Status: Active

Listing Office:
lc real estate group, llc

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The Brian Petrelli Team is your Arlington Heights, greeley home specialist.

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Want to see more properties in Arlington Heights , greeley or the surrounding areas? Email us for a full list at properties@petrelliteam.com.

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Call us today and find out why we're leaders for Houses in greeley, Colorado and the most most qualified REALTORS in Arlington Heights. We can show you any available home in greeley, Colorado and provide you with the expertise and knowledge to make sure you get the best value for your money. In addition, we have access to $0 down mortgage programs to make financing easier. What are you waiting for? Call us today!
303-726-1874

The content relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Brian Petrelli Team are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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