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2122 28th Ave

Greeley, CO 80634
  • $2,799,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 1009397
$2,799,000
  • 3
    BEDS
  • 0.46
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 16,886
    SQFT
  • $166
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1983
County:

School Information

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

Description

This investment opportunity offers the potential for increased revenue through raising rents to market rates as well as implementing a utility billback system. With a focus on 3-bedroom, 3-bathroom units, this property offers high rental rates and low vacancies, ensuring steady cash flow for investors. Located in the heart of the front range, residents have access to abundance of shopping, dining, and outdoor activities. Each unit features updated finishes, private enclosed patios, brick fireplaces, and high vaulted ceilings, adding value and appeal to potential renters. With individually metered utilites, A/C, and ample parking, this property offers convenience and comfort for tenants. Don't miss out on this prime opportunity to invest in newly renovated, townhome-style units in Greeley's most desirable neighborhood. Townhome-style units with completely updated finishes including floors, kitchens and bathrooms - Opportunity to increase revenue by adjusting rent to market rates and implementing utility bill-backs - Desirable 3-bedroom, 3-bathroom unit mix that commands the highest rental rates and limits vacancies

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© 2024 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 Re/Max Alliance. Data last updated: 2024-05-26T22:42:34.987.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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2122 28th Ave Greeley, CO 80634

  • Price: $2,799,000
  • Status: Active
  • On Site: 13 Days
  • MLS #: 1009397
3
Beds
3
Baths
0
½ Baths
0.46
Acres
16,886
SQFT
$166
$/SQFT
1983
Built
Neighborhood:
Cascade West Sub
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Meeker
Middle School:
Brentwood
High School:
Greeley West
School District:
Greeley 6
Property Description
This investment opportunity offers the potential for increased revenue through raising rents to market rates as well as implementing a utility billback system. With a focus on 3-bedroom, 3-bathroom units, this property offers high rental rates and low vacancies, ensuring steady cash flow for investors. Located in the heart of the front range, residents have access to abundance of shopping, dining, and outdoor activities. Each unit features updated finishes, private enclosed patios, brick fireplaces, and high vaulted ceilings, adding value and appeal to potential renters. With individually metered utilites, A/C, and ample parking, this property offers convenience and comfort for tenants. Don't miss out on this prime opportunity to invest in newly renovated, townhome-style units in Greeley's most desirable neighborhood. Townhome-style units with completely updated finishes including floors, kitchens and bathrooms - Opportunity to increase revenue by adjusting rent to market rates and implementing utility bill-backs - Desirable 3-bedroom, 3-bathroom unit mix that commands the highest rental rates and limits vacancies
Exterior Features

Construction Materials Wood/Frame Horse YN No Levels Two Other Parking Parking Per Unit(2 Spaces/Unit) Parking Features Drive Through Patio And Porch Features Patio Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances RefrigeratorWasherDryerMicrowaveFreezerSome Appliances Basement Full Cooling Room Air ConditionerCeiling Fan(s) Cooling YN Yes Fireplace Features Single Fireplace Fireplace YN Yes Heating Hot WaterBaseboard Heating YN Yes Interior Features Eat-in KitchenCathedral/Vaulted CeilingsWalk-In Closet(s) Living Area Source Other Unit1 Bedrooms 3 Unit1 Est Sq Ft 1700 Unit1 Total Baths 3

Property Features

Association YN No Cap Rate 5.81 Community Features Hiking/Biking Trails Ditches Active YN No Electric Separate Meter Electricity Exclusions Any and all private property. Gas Separate Meter Gas Gross Income 201658.75 Has Improvements No Has Water Rights No Listing Sub Status None Locale Greeley Net Operating Income 164046.75 New Construction YN No Operating Expense 37612 Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 11621 Tenant Pays GasElectricity Unit1 Rent 2134 Water Source City WaterUnknown Zoning unknown

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Teal Nipp Hagan of Kaufman Hagan: 7208940419.



© 2024 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 Re/Max Alliance. Data last updated: 2024-05-26T22:42:34.987.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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