1525 11th Avenue
Greeley, CO 80631
- – beds
- – baths
- 3,624 sqft
- 9,583 sqft lot
- $179 per sqft
- 1916 build
- – on site
GREAT INVESTMENT OPPORTUNITY!! Multi-unit house that can offer up to 8 Bedrooms that is just 3 blocks from UNC Campus. The property was just recently updated in Jan 2025 with all new electrical, new carpet, new LVP, new paint, new coin operated washer and dryer, new house furnace, new additional heating system in Unit 4 and some various new windows. Other previous and somewhat recent improvements, include a newer roof with class 4 shingles and a Sewer line replaced in 2023. Unit 1 (3 BD/1BT), located on the main floor and has its own front entrance with a large private covered porch. Unit 2 (1BD/1BT) and Unit 3 (2BD/1BT) are basement units with a shared exterior entry for both units. Unit 4 (1BD/1BT could also be used as a 2BD) is on the second level and and has its own private exterior entrance. Additionally, there is a large oversized 2 car detached garage that can allow for additional income and is currently rented. Overall, there are 7 parking spaces, not including the garage or on-street parking. Tenants are charged a flat fee for utilities which is included in rent. Potential NOI will be about $55K with Gross Income of $70K, leaving a CAP RATE of about 8.3 and GRM 9.3Walking distance to UNC campus, soccer and baseball fields and minutes from Downtown Greeley restaurants, bars and entertainment. Easy access to HWY34 and HWY85.
Last checked:
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Last updated Mar 25, 2025
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MLS# IR1029227 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1916
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Direction Faces:East
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Construction Materials:Wood Frame, Wood Siding
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Patio And Porch Features:Patio
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Window Features:Window Coverings
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Security Features:Smoke Detector(s)
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Roof:Composition
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Basement:true
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Levels:Two
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Building Area Total:3624
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Building Area Source:Assessor
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Property Attached:true
Location
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Directions:From 10th Street head south on 11th Ave to property.
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Latitude:40.41467
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Longitude:-104.69669
The Property
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Property Type:Residential Income
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Property Subtype:Quadplex
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Parcel Number:R3078086
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Possible Use:Multi-Family, Residential
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Zoning:Res
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Lot Features:Flood Zone, Level, Sprinklers In Front
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Lot Size Acres:0.22
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Lot Size SqFt:9583
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Exclusions:Tenants Personal Property
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Road Frontage Type:Public
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Road Surface Type:Alley Paved, Paved
Listing Agent
- Contact info:
- Agent phone:
- (970) 412-8869
- Office phone:
- (970) 400-7077
Taxes
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Tax Year:2024
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Tax Annual Amount:2918
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Tax Legal Description:GR 3201 L7 BLK161 SEAMAN-CRANFORD
Heating & Cooling
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Heating:Forced Air
Utilities
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Utilities:Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Disposal, Oven, Refrigerator
Schools
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Elementary School:Maplewood
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Elementary School District:Greeley 6
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Middle Or Junior School:Heath
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High School:Greeley Central
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High School District:Greeley 6
The Community
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Subdivision Name:Seaman & Cranfords Sub Of E2 B156&161
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Association:false
Parking
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Parking Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
