Seller's Agent in 2022
Nick Bukowski
The Station Real Estate
(970) 817-3462
3 in this area
140 Total Sales
1806 8th Ave Greeley, CO 80631
Arlington Heights NeighborhoodEstimated Value: $446,435 - $609,000
7
Beds
4
Baths
3,164
Sq Ft
$165/Sq Ft
Est. Value
Highlights
- City View
- Loft
- Wood Frame Window
- Wood Flooring
- No HOA
- Fireplace
About This Home
As of May 2022PRIME UNIVERSITY OF NORTHERN COLORADO MULTI FAMILY INCOME PROPERTY. CASH FLOW OPPORTUNITY - 5.7% Cap rate! Over 3,000 finished sqft and a total of 7 beds and 4 baths. Up-down style duplex with both units metered separately for electric and gas. Unit 1- 4 bed, 2 bath - rented for 1 year at $1,850 per month w/tenants paying gas and electric. Unit 2- 3 bed, 2 bath - rented month-to-month at $995 per month w/tenants paying gas and electric. Annual insurance premium is $1,392. Owner pays water and trash, averaging $221/month. Coin operated laundry on site for additional income. Situated only 40 feet from UNC campus grounds, near Union Colony and downtown Greeley, and within a short drive from North Colorado Medical Center will appeal to a variety of potential tenants. Offering a sprinklered yard, spacious lot, alley access, and reserved off-street parking adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,105
Year Built
- Built in 1915
Lot Details
- 6,900 Sq Ft Lot
- West Facing Home
- Fenced
- Level Lot
- Sprinkler System
Parking
- Alley Access
Home Design
- Duplex
- Brick Veneer
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 3,164 Sq Ft Home
- 2-Story Property
- Fireplace
- Window Treatments
- Wood Frame Window
- Loft
- Wood Flooring
- City Views
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Schools
- Cameron Elementary School
- Heath Middle School
- Greeley Central High School
Utilities
- Forced Air Heating and Cooling System
- Satellite Dish
- Cable TV Available
Additional Features
- Patio
- Mineral Rights Excluded
Listing and Financial Details
- Tenant pays for deposit, gas, electricity
- Assessor Parcel Number R3296686
Community Details
Overview
- No Home Owners Association
- 2 Units
- Arlington Heights Subdivision
Building Details
- Gross Income $34,740
- Net Operating Income $28,471
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 24, 2022
Closed on
Apr 29, 2022
Sold by
Buku Investments Llc
Bought by
Weber Michael L
Seller's Agent
Nick Bukowski
The Station Real Estate
Buyer's Agent
Christine Motschall
RE/MAX Alliance-Loveland
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,823
Avg. Annual Appreciation
1.20%
Original Mortgage
$375,000
Outstanding Balance
$353,649
Interest Rate
5.1%
Estimated Equity
$168,960
Purchase Details
Closed on
Nov 9, 2017
Sold by
Bukowski Nicholas
Bought by
Buku Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 12, 2017
Sold by
Ballard Robert J and Ballard Jamie L
Bought by
Bukowsky Nicholas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2017
Sold by
Ballard Rboert J
Bought by
Ballard Robert J and Ballard Jamie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 27, 2013
Closed on
Jan 31, 2014
Sold by
8Th Avenue Real Estate Productions Llc
Bought by
Ballard Robert J
Seller's Agent
Matthew Revitte
Pro Realty Old Town
Buyer's Agent
Jesse Laner
C3 Real Estate Solutions, LLC
List Price
$235,000
Sold Price
$232,500
Premium/Discount to List
-$2,500
-1.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$186,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 30, 2004
Sold by
Revitte Matthew J
Bought by
8Th Avenue Real Estate Productions Llc
Purchase Details
Closed on
May 17, 2001
Sold by
Hadwiger Sharon A and Hadwiger Helen E
Bought by
Revitte Matthew J
Purchase Details
Closed on
Nov 29, 1995
Sold by
Hadwiger Helen
Bought by
Hadwiger Helen E
Purchase Details
Closed on
Sep 18, 1995
Sold by
Hadwiger Allen E and Hadwiger Sharon A
Bought by
Hadwiger Sharon A
Purchase Details
Closed on
Apr 1, 1992
Sold by
Hubbard Francis Gregory
Bought by
Hadwiger Allen E and Hadwiger Sharon A
Purchase Details
Closed on
Mar 26, 1985
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Weber Michael L | $500,000 | -- | |
| Buku Investments Llc | -- | Land Title Guarantee Co | |
| Bukowsky Nicholas | $332,500 | Land Title Guarantee Co | |
| Ballard Robert J | -- | Land Title Guarantee Co | |
| Ballard Robert J | $232,500 | Unified Title Company | |
| 8Th Avenue Real Estate Productions Llc | -- | -- | |
| Revitte Matthew J | $137,000 | -- | |
| Hadwiger Helen E | -- | -- | |
| Hadwiger Sharon A | -- | -- | |
| Hadwiger Allen E | $59,500 | -- | |
| -- | -- | -- | |
| Hubbard Francis Gregory | $54,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Weber Michael L | $375,000 | |
| Previous Owner | Bukowsky Nicholas | $247,500 | |
| Previous Owner | Ballard Robert J | $186,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/01/2022 08/01/22 | Off Market | $500,000 | -- | -- | |
| 05/03/2022 05/03/22 | Sold | $500,000 | 0.0% | $158 / Sq Ft | |
| 03/24/2022 03/24/22 | For Sale | $500,000 | +115.1% | $158 / Sq Ft | |
| 05/03/2020 05/03/20 | Off Market | $232,500 | -- | -- | |
| 01/31/2014 01/31/14 | Sold | $232,500 | -1.1% | $76 / Sq Ft | View Prior Sale |
| 01/01/2014 01/01/14 | Pending | -- | -- | -- | |
| 12/27/2013 12/27/13 | For Sale | $235,000 | -- | $77 / Sq Ft |
Source: IRES MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,196 | $26,000 | $2,590 | $23,410 |
| 2024 | $2,196 | $26,000 | $2,590 | $23,410 |
| 2023 | $2,095 | $29,880 | $3,270 | $26,610 |
| 2022 | $1,997 | $22,900 | $2,490 | $20,410 |
| 2021 | $2,105 | $24,070 | $2,610 | $21,460 |
| 2020 | $1,766 | $20,260 | $2,110 | $18,150 |
| 2019 | $1,771 | $20,260 | $2,110 | $18,150 |
| 2018 | $1,591 | $19,210 | $1,990 | $17,220 |
| 2017 | $1,600 | $19,210 | $1,990 | $17,220 |
| 2016 | $1,217 | $16,450 | $1,650 | $14,800 |
| 2015 | $1,213 | $16,450 | $1,650 | $14,800 |
| 2014 | $727 | $9,620 | $1,350 | $8,270 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Bukowski
-
Christine Motschall
Buyer's Agent in 2022
Christine Motschall
RE/MAX
(970) 590-5276
2 in this area
138 Total Sales
-
Matthew Revitte
Seller's Agent in 2014
Matthew Revitte
Pro Realty Old Town
(800) 224-4709
55 Total Sales
-
Jesse Laner
Buyer's Agent in 2014
Jesse Laner
C3 Real Estate Solutions, LLC
(970) 672-7212
297 Total Sales
Map
Source: IRES MLS
MLS Number: 961461
APN: R3296686
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing 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 deemed reliable but not guaranteed by the MLS.
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