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1124 10th St

Greeley, CO 80631
  • $535,000
  • STATUS: Active Under Contract
  • ON SITE: 56 Days
  • MLS #: 949859
Under Contract
UPDATED: 58 min ago
$535,000
  • 2
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,510
    SQFT
  • $152
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Information

Elementary School:
Middle School:
High School:
School District:

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.

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© 2021 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Jenn Porter Group. Data last updated: 2021-10-26T20:41:17.523.
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1124 10th St Greeley, CO 80631

  • Price: $535,000
  • Status: Active Under Contract
  • Updated: 58 min ago
  • MLS #: 949859
2
Beds
0
Baths
0
½ Baths
0.15
Acres
3,510
SQFT
$152
$/SQFT
1925
Built
Neighborhood:
Greeley City
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Maplewood
Middle School:
Heath
High School:
Greeley Central
School District:
Greeley 6
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.
Exterior Features

Construction Materials Stucco Horse YN No Levels Two Lot Features CurbsGuttersSidewalksLawn Sprinkler SystemMineral Rights Excluded Other Parking Parking Per Unit(1.5 Spaces/Unit) Property Attached YN Yes Road Frontage Type City StreetHighway Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryer Basement Partial Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Living Area Source Assessor Unit1 Total Baths 1 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Total Baths 2 Window Features Window Coverings

Property Features

Association YN No Cap Rate 6.01 Electric ElectricXcel Exclusions Mineral RightsTenants Personal Property Gas Natural GasAtmos Gross Income 42970 Has Improvements No Has Water Rights No Listing Sub Status Backup Listing Terms CashConventional Locale Greeley Net Operating Income 32144 New Construction YN No Operating Expense 10826 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Condominium Sewer City Sewer Tax Annual Amount 2199 Tax Year 2020 Tenant Pays DepositCpi Annual Escalation Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Of Greeley Zoning C-H

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Kendal Brazelton of Mb/Brazelton Realty Inc.



© 2021 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Jenn Porter Group. Data last updated: 2021-10-26T20:41:17.523.
 
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Niwot CO, 80544