$515,000
$535,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 12/31/2021
Key Details
Sold Price $515,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Subdivision Greeley City
MLS Listing ID IR949859
Sold Date 12/31/21
HOA Y/N No
Originating Board recolorado
Year Built 1925
Annual Tax Amount $2,199
Tax Year 2020
Lot Size 6,534 Sqft
Acres 0.15
Property Description
6.01% CAP Rate! This is a mixed use 4-plex that is zoned C-H, close to downtown and city buildings. A property management company occupies the main floor & currently manages the property. The commercial tenant is in 4th-yr of a 5-yr lease w/scheduled rent increases. There are 2 studio apts. and a 2-bed, 2-bath apt. in the bsmt. Room for rent increases and a change to tenants paying the utilites in the next set of leases could increase the CAP rate. A coin-op laundry for tenants use (2 sets). It has 7 parking spaces on site for tenant's use. All furnaces and AC units have been replaced in the last two years. The roof was replaced in 2020. The sewer line was replaced in 2021.
Location
State CO
County Weld
Zoning C-H
Rooms
Basement Partial
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Appliance Dishwasher, Dryer, Oven, Refrigerator, Washer
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available
Roof Type Composition
Total Parking Spaces 7
Building
Lot Description Sprinklers In Front
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Stucco
Schools
Elementary Schools Maplewood
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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