About 1218 8th St
Fantastic triplex investment opportunity in Downtown Greeley! Major improvements are already done, including two new furnaces, three new water heaters, and a new roof in 2024-making this a low-maintenance, high-performing addition to your portfolio. Discover an excellent opportunity to own a versatile multi-unit property proving the following rents: Unit 1 (main floor level): 1 bed, 3/4 bath - currently rented for $1300/mo. Unit 2 (main floor level): 1 bed / 1 bath - freshly updated with new carpet and paint recently rented for $1050/mo. Unit 3 (upper level): 2 bed / 1 bath was also refreshed with new paint, carpet, new kitchen counter tops and flooring and is currently rented for $1300/mo. THIS IS AN 8.41 CAP RATE! Updated GFCIs throughout. 3 separate meters. In addition, there is a storage shed, and has a prime location near downtown shops and restaurants. Don't miss this chance to add a fantastic multi-unit investment to your portfolio! No pictures were taken of Unit 1.
Features of 1218 8th St
| MLS® # | 1047594 |
|---|---|
| Price | $395,000 |
| Square Footage | 2,011 |
| Acres | 0.13 |
| Year Built | 1892 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Closed |
| Sold Price | $387,000 |
Community Information
| Address | 1218 8th St |
|---|---|
| Area | Greeley |
| Subdivision | Greeley City |
| City | Greeley |
| County | Weld |
| State | CO |
| Zip Code | 80631 |
Amenities
| Utilities | Natural Gas Available, Electricity Available, Cable Available, Separate Meter Electricity, Satellite Avail, High Speed Avail |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Eat-in Kitchen |
|---|---|
| Appliances | Electric Range, Gas Range, Refrigerator, Fire Alarm |
| Heating | Forced Air |
| Fireplace | No |
| Stories | Two |
Exterior
| Exterior Features | Sprinkler System |
|---|---|
| Lot Description | Paved, Curbs, Gutters, Sidewalks, Street Light, Alley |
| Roof | Composition |
| Construction | Wood Siding |
School Information
| District | Greeley 6 |
|---|---|
| Elementary | Maplewood |
| Middle | Franklin |
| High | Northridge |
Additional Information
| Days on Market | 66 |
|---|---|
| Zoning | RES |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Christina Koder |
|---|---|
| Buyer Agent | Contessa Quintana |
| Office | RE/MAX Alliance-Greeley |