Greeley, CO 80631,1820 8th Ave
Greeley, CO 80631,1820 8th Ave
Greeley, CO 80631,1820 8th Ave
Greeley, CO 80631,1820 8th Ave
Greeley, CO 80631,1820 8th Ave
Greeley, CO 80631,1820 8th Ave
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$385,000

$410,000

6.1%
Est.Price: ?

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Est. payment /mo

5 Beds

3 Baths

9,583 Sqft Lot


SOLD DATE : 03/29/2024

Key Details

Sold Price $385,000

Property Type Single Family Home

Sub Type Income Property

Listing Status Sold

Purchase Type For Sale

Subdivision Arlington Heights

MLS Listing ID 1000984

Sold Date 03/29/24

Style Cottage/Bung

Bedrooms 5

HOA Y/N false

Originating Board IRES MLS

Year Built 1906

Annual Tax Amount $1,769

Lot Size 9,583 Sqft

Acres 0.22

Property Description

Unlock the potential of your real estate portfolio with this strategically positioned duplex, a lucrative investment opportunity within a stone's throw of the vibrant heartbeat of the UNC campus. Situated in a coveted neighborhood known for its academic energy, this property is not just a home; it's a gateway to consistent rental income and long-term growth. CASH FLOW OPPORTUNITY - 6.6% Cap rate! NEW FURNACE AND WATER HEATER. $2,800/MONTH IN RENT. We're pleased to offer this up/down legal duplex located steps from the University of Northern Colorado in a RH Density zoning. 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 with great marketability. 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. Unit 1- rented for 1 year at $2,000 per month. Unit 2- rented for 1 year at $800. Annual insurance premium is $1,458. Whether you are a seasoned investor looking to diversify your portfolio or a newcomer seeking a solid entry point, this duplex near the university campus stands as a testament to the adage that real estate is about location, and this location is poised for success in the lucrative student housing market. Seize the opportunity to maximize your returns with this prime duplex investment property.

Location

State CO

County Weld

Area Greeley/Weld

Zoning RH

Rooms

Other Rooms Storage

Interior

Interior Features Eat-in Kitchen, Open Floorplan, Outside Entry, Crown Molding

Heating Forced Air

Cooling Ceiling Fan(s)

Window Features Wood Frames

Appliance Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Some Appliances

Laundry Washer/Dryer Hookups

Exterior

Parking Features Alley Access

Fence Partial

Utilities Available Natural Gas Available, Electricity Available, Cable Available

View City

Roof Type Composition

Street Surface Paved,Asphalt

Handicap Access Level Lot, Level Drive, Main Floor Bath, Main Level Bedroom

Porch Patio

Building

Lot Description Curbs, Sidewalks, Lawn Sprinkler System, Level, Within City Limits

Faces West

Story 2

Sewer City Sewer

Water City Water, City Of Greeley

Level or Stories Two

Structure Type Wood/Frame,Wood Siding

New Construction false

Schools

Elementary Schools Cameron

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Senior Community false

Tax ID R3296986

SqFt Source Assessor

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by The Station Real Estate • 9702197096
Bought with Rouse Realty
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 644-5002

wendy@homesmartrp.com

431 Colorado Avenue, Junction, CO, 81501

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