517 8th St new Save Request In-Person Tour Request Virtual Tour
Greeley,CO 80631
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Subdivision Greeley City
MLS Listing ID 1038272
Bedrooms 5
HOA Y/N false
Year Built 1919
Annual Tax Amount $12,272
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Income Property
Source IRES MLS
Property Description
Excellent opportunity to purchase three properties with $100,000 down payment. The proposed transaction structure includes purchase of 517 E 8th St, the residential income property for $165,000 with bank financing and separate purchase of 519 & 521 E 8th St,the mixed use commercial/industrial/storage and residential property for $525,000 with seller carry financing. The 8th Street Mixed Commercial/Residential/Storage building is conveniently located two blocks from 8th Avenue the main North/South Highway 34 Business Route through Downtown Greeley and is walking distance to Lincoln Park The property location enjoys proximity to key amenities, public transportation, and a thriving Downtown business community Three (3) commercial spaces including 2,500 SF commercial/industrial space (521 8thSt), +/- 1,100 SF local grocery, and 1,601 SF storage space (519 8th St) Three (3) residential units including 748 SF 2 Bed/1 Bath single family home (517 8th St),one $1,250 SF 2 Bed/1 Bath apartment over commercial (521 8th St), and one 750 SF 1Bed/1 Bath apartment (519 8th St) Industrial Medium Intensity (I-M) allows for a broad set of commercial and industrial uses Residential spaces enhance the property's versatility, attracting potential tenants seeking a convenient and vibrant urban lifestyle The combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability Proximity to Downtown Greeley and continued reinvestment in the area should benefit the long term potential of this property
Location
State CO
County Weld
Area Greeley/Weld
Zoning I-M
Direction From I-25, Exit 257 (US-34 E) toward Greeley. After 6.8 mi, take the US-34 BUS exit, and continue on US-34 BUS East & continue on 10th Street. Turn left onto 6th Ave., then right on 8th Street. Property is on left.
Rooms
Basement None
Interior
Heating Space Heater,2 or more Heat Sources
Exterior
Exterior Feature Lighting
Parking Features Alley Access
Utilities Available Natural Gas Available,Electricity Available
Roof Type Tar/Gravel
Street Surface Paved,Asphalt
Building
Lot Description Curbs,Gutters,Sidewalks,Level
Story 2
Sewer City Sewer
Water City Water,City of Greeley
Level or Stories Bi-Level
Structure Type Wood/Frame,Block,Stucco,Wood Siding
New Construction false
Schools
Elementary Schools Maplewood
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Senior Community false
Tax ID R2841086
SqFt Source Other
Special Listing Condition Private Owner