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Key Details
Sold Price $551,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Subdivision Arlington Heights
MLS Listing ID IR1013463
Year Built 1902
Annual Tax Amount $2,270
Tax Year 2023
Lot Size 9,583 Sqft
Property Description
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.
Location
State CO
County Weld
Zoning RH
Interior
Heating Forced Air
Laundry In Unit
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available
View City
Roof Type Composition
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Block,Stone,Wood Frame,Wood Siding
Schools
Elementary Schools Other
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with C3 Real Estate Solutions, LLC
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Chad Nash, The Real Estate Doctor
CEO / Real Estate Wealth Advisor
CEO / Real Estate Wealth Advisor