1825 7Th AveGreeley, CO 80631
For Sale
$650,000
3-Unit Apartment Building, High Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 90
Highlights
- Excellent investment opportunity: Three-unit apartment building in Greeley, CO, one block from the University of Northern Colorado.
- 1910 building, extensively renovated in 2024, offering 3,008 square feet on a 0.22-acre lot; priced below replacement cost.
- Unit mix: one 3-bed/1-bath, one 1-bed/1-bath (non-conforming), and one 2-bed/1-bath unit.
- 100% leased; $1.50/SF average rent; $750/bedroom average; detached garage rents for $150/month; $35/month pet rent.
- 7.5% cap rate; 12.0-year gross rent multiplier.
- Features a large lot with mature landscaping, fenced backyard, and a detached two-car garage.
Property Details for 1825 7Th Ave
- Property type
- Multifamily properties, Apartment buildings
- Square Feet
- 3,008 SF
- Year Built/Renovated
- 1910/2024
- Stories
- 2
- Lot Size (sq. ft)
- 9,583 SF
- Units
- 3
Location Insight
- City
- Greeley
- County
- Weld
- State
- Colorado
- Latitude
- 40.4088833
- Longitude
- -104.6895579
1825 7Th Ave, Greeley, Colorado
Nearby Similar for Sale
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