•   303-799-9898
  • 6020 Greenwood Plaza Boulevard, Greenwood Village, CO 80111, USA

1820 8th Avenue Greeley, CO 80631
MLS# IR953268 | $400,000 | Expired

1820 8th Avenue Greeley, CO 80631

Listing Details

  • MLS#: IR953268
  • MLS Originator: REcolorado (Denver)
  • Property Type: Incomes Property
  • Property Subtype: Duplex
  • Status: Expired
  • Price: $400,000

Property Details

  • Bedrooms: 0
  • Sqft: 1968.00
  • Acres: 0.22
  • Year Built: 1906

CASH FLOW OPPORTUNITY - 6.32% Cap rate! We're pleased to offer this up/down legal duplex located steps from the University of Northern Colorado. Situated a minute's walk from campus grounds, near Union Colony and downtown Greeley, and within a short drive from North Colorado Medical Center, this income producing property will appeal to a variety of potential tenants. Offering a sprinklered yard, spacious lot, and storage shed with alley access, adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements to the lower unit (Unit 2). Unit 1- rented for 1 year at $1,795 per month. Unit 2- rented month-to-month at $800. Annual insurance premium is $1,458. Currently, owner pays all utilities with a bill back to tenants for water. Owner average $391/month. Bill back is only $150 for Unit 1. Opportunity to increase utility income.

Load & Tax Information

  • Previous Year Tax: $ 1,536
  • Tax Year: 2020

Heating, Ventilating & Air Conditioning

  • Forced Air

Interior Features

Schools

  • Elementary School: Other
  • Middle School: Heath
  • High School: Greeley Central

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