$500,000
$500,000
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6,969 Sqft Lot
SOLD DATE : 05/03/2022
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Arlington Heights
MLS Listing ID IR961461
Sold Date 05/03/22
HOA Y/N No
Originating Board recolorado
Year Built 1915
Annual Tax Amount $2,105
Tax Year 2021
Lot Size 6,969 Sqft
Acres 0.16
Property Description
PRIME UNIVERSITY OF NORTHERN COLORADO MULTI FAMILY INCOME PROPERTY. CASH FLOW OPPORTUNITY - 5.7% Cap rate! Over 3,000 finished sqft and a total of 7 beds and 4 baths. Up-down style duplex with both units metered separately for electric and gas. Unit 1- 4 bed, 2 bath - rented for 1 year at $1,850 per month w/tenants paying gas and electric. Unit 2- 3 bed, 2 bath - rented month-to-month at $995 per month w/tenants paying gas and electric. Annual insurance premium is $1,392. Owner pays water and trash, averaging $221/month. Coin operated laundry on site for additional income. Situated only 40 feet from UNC campus grounds, near Union Colony and downtown Greeley, and within a short drive from North Colorado Medical Center will appeal to a variety of potential tenants. Offering a sprinklered yard, spacious lot, alley access, and reserved off-street parking adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements.
Location
State CO
County Weld
Zoning RH
Rooms
Basement Full, Sump Pump
Interior
Interior Features Eat-in Kitchen
Heating Forced Air
Cooling Central Air
Flooring Wood
Fireplaces Number 1
Equipment Satellite Dish
Fireplace Y
Appliance Dryer, Oven, Refrigerator, Washer
Laundry In Unit
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available
View City
Roof Type Composition
Total Parking Spaces 7
Building
Lot Description Level, Sprinklers In Front
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Wood Frame
Schools
Elementary Schools Other
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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