1 of 34

Want to see similar homes for sale?

1824 7th Ave

Greeley, CO 80631

6 beds
4 baths
– sqft
9,500 sqft lot
1902 build
– on site

More homes

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.

Listing courtesy of IRES

Last checked: Checking… • Last updated Aug 18, 2024 •

MLS# 1013463 —

The Building

Year Built:

1902
New Construction:

false
Construction Materials:

Wood/Frame
Structure Type:

Legal Conforming
Total SqFt:

3223
Roof:

Composition
Levels:

Two
Stories:

2
# of Units Total:

4
Basement:

90%+ Finished Basement
Direction Faces:

West
Window Features:

Window Coverings
Patio And Porch Features:

Patio
Accessibility Features:

Main Floor Bath

Interior

Interior Features:

Eat-in Kitchen
Laundry Features:

Washer/Dryer Hookups

Room Dimensions

Living Area Units:

Square Feet
Living Area Source:

Assessor

Financial & Terms

Listing Terms:

Cash
Tenant Pays:

Deposit

Location

Coordinates:

-104.68884, 40.40888
Latitude:

40.40888
Longitude:

-104.68884

The Property

Property Type:

Residential Income
Property Subtype:

Income Property
Parcel Number:

R3294186
Lot Features:

Curbs
Lot Size Acres:

0.22
Lot Size SqFt:

9500
Lot Size Area:

9500
Lot Size Units:

Square Feet
Zoning:

RH
View:

City
Possible Use:

Multi-Family
Exclusions:

Tenant's personal property, mineral rights.
Horse:

false
Other Structures:

Storage
Water Source:

City Water, City Of Greeley
Waterfront:

false
Road Frontage Type:

City Street
Road Surface Type:

Paved

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

2270

Beds

Bedrooms Total:

6

Baths

Total Baths:

4

The Listing

Special Listing Conditions:

Private Owner

Heating & Cooling

Heating:

Forced Air
Heating:

true

Utilities

Utilities:

Natural Gas Available
Gas:

Natural Gas, Atmos
Electric:

Electric, Separate Meter Electricity, Xcel
Sewer:

City Sewer

Appliances

Appliances:

Electric Range/Oven

Schools

Elementary School:

Cameron
Middle Or Junior School:

Heath
High School:

Greeley Central
High School District:

Greeley 6

The Community

Subdivision Name:

Arlington Heights
Association:

false
Spa:

false
Senior Community:

false

Parking

Other Parking:

Parking Per Unit(2 Spaces/Unit)

Extra Units

Bedrooms Unit 1:

1
Total Baths Unit 1:

1
Bedrooms Unit 2:

1
Total Baths Unit 2:

1
Bedrooms Unit 3:

3
Total Baths Unit 3:

1
Bedrooms Unit 4:

1
Total Baths Unit 4:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
8/16/24 Aug 16, 2024	Sold	IRES	$551,000	-4.2%
7/8/24 Jul 8, 2024	Listed / Active	IRES	$575,000
7/3/24 Jul 3, 2024		RECOLORADO	$575,000	69.1% (11.7% / YR)

Multifamily Sold on 8/16/2024

$551,000

Listing provided by broker:

Nicholas Bukowski

9702197096

Newest listings in Greeley, CO

Similar sold homes

Listing Courtesy of: IRES

TERMS OF USE: listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS

1824 7th Ave

Greeley, CO 80631