$551,000
$575,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
9,583 Sqft Lot
SOLD DATE : 08/16/2024
Key Details
Sold Price $551,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision Arlington Heights
MLS Listing ID 1013463
Sold Date 08/16/24
Bedrooms 6
HOA Y/N false
Originating Board IRES MLS
Year Built 1902
Annual Tax Amount $2,270
Lot Size 9,583 Sqft
Acres 0.22
Property Description
4 UNITS - 7% CAP RATE - REMODELED - $47k ANNUAL GROSS INCOME- Unlock the potential of your real estate portfolio with this strategically positioned fourplex, 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 an investment; it's a gateway to consistent rental income and long-term growth. We're pleased to offer this quadplex 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, collegiate Jackson Field, 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 spacious lot for future additions or development potential, and storage shed with alley access, adds to the attraction. This investment will provide the owner with stable cashflow, as ALL UNITS HAVE BEEN REMODELED IN THE PAST 5 YEARS, ROOF LESS THAN 5 YEARS, EXTERIOR PAINT LESS THAN 5 YEARS. BASEMENT UNIT HAS CONFORMING EGRESS WINDOWS. Unit 1- rented for 1 year at $895, Unit 2- rented for 1 year at $950, Unit 3- rented for 1 year at $1,250, Unit 4- listed for rent at $850. Annual insurance premium is $3,135. 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 fourplex investment property.
Location
State CO
County Weld
Area Greeley/Weld
Zoning RH
Rooms
Other Rooms Storage
Interior
Interior Features Eat-in Kitchen, Separate Dining Room, Two Primary Suites, Crown Molding
Heating Forced Air
Window Features Window Coverings
Appliance Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator, Microwave
Laundry Washer/Dryer Hookups
Exterior
Utilities Available Natural Gas Available, Electricity Available, Cable Available
View City
Roof Type Composition
Street Surface Paved,Asphalt
Handicap Access Main Floor Bath, Main Level Bedroom
Porch Patio
Building
Lot Description Curbs, Gutters, Sidewalks, Mineral Rights Excluded, Level, Within City Limits
Faces West
Story 2
Sewer City Sewer
Water City Water, City Of Greeley
Level or Stories Two, 4 L Front/Back
Structure Type Wood/Frame,Block,Stone,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 R3294186
SqFt Source Assessor
Special Listing Condition Private Owner
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