$447,000
- 4 Beds
- 3 Baths
- 2,608 Sq Ft
1305 8th St, Greeley, CO 80631
Timmy Duggan RE/MAX Elevate
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1305 8th St, Greeley, CO 80631
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Calling all Investors looking to add a Charming, Updated and Cash Flowing Asset to their portfolio! This is a TRUE 7.2% CAP RATE! This charming bungalow is currently situated as a Duplex with two lovely tenants (one has been there 3+ years and both want to stay). You can also turn the home back into a spacious SFR with MIL suite if preferred. Use as a college rental and rent per room for added
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CBRE is pleased to present 1838 8th Avenue, a beautiful rental property located in one of the fastest-growing communities in the state and within walking distance of the University of Northern Colorado and downtown Greeley. In 2024, a new, class-four impact-resistant roof was put on, and the property also features an income-producing detached garage. Front and back decks just painted weeks ago.
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This specialty property, a frat house, offers high income, the benefit of a single joint and several net lease with 11 co-signers. If you think such a property presents risk, think again. The joint and several lease provides much greater security than a comparable property like a 4-plex. The bottom line, the property offers unique security of the income stream compared to conventional housing
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On average, homes in Clayton Park, Greeley sell after 78 days on the market compared to the national average of 51 days. The median sale price for homes in Clayton Park, Greeley over the last 12 months is $324,000, consistent with the median home sale price over the previous 12 months.