NOT LISTED FOR SALE
2 Beds
1 Bath
43,708 Sq Ft
102,366 Sq Ft Lot

Last Sold January 14, 2022

Last sale price $7,600,000 $174 Per Sq Ft

110 Days on Market

Highlights

  • 2.35 Acre Lot
  • Double Pane Windows
  • Forced Air Heating System
  • No HOA
  • Cooling Available
  • Ceiling Fan

About This Home

As of January 2022

Value Add Opportunity to Acquire 44 Townhome Style Apartments in Greeley! Property consists of 10 buildings. All units are 2 bed/ 1.5 bath- featuring washer/ dryer hookups, individual furnaces, hot water heaters and energy efficient windows. Solid rental history with strong rental upside. Income entered is PROFORMA, assuming $1,395/ mo in rent per unit. Detailed financials available upon request. Do not disturb tenants.

Last Agent to Sell the Property

Alex Schuman

Schuman Companies Listed on: 07/16/2021

Last Buyer's Agent

Phil Dankner

Unique Properties License #100052493

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,618

Year Built

  • Built in 1970

Lot Details

  • 2.35 Acre Lot
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Rubber Roof
  • Composition Shingle

Interior Spaces

  • 43,708 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Schools

  • Jackson Elementary School
  • Brentwood Middle School
  • Greeley Central High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R3634586

Community Details

Overview

  • No Home Owners Association
  • 44 Units
  • Hillside 2Nd Add Subdivision

Building Details

  • Gross Income $774,343
  • Net Operating Income $582,781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,618

Year Built

Built in 1970

Lot Details

2.35 Acres

Listing Details

  • Year Built: 1970
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 2.35
  • Subdivision Name: Hillside 2nd Add
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 43708
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: Crawl Space
  • Total Bedrooms: 2
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Rubber
  • Lot Features: Lawn Sprinkler System
  • Waterfront: No
  • Construction Type: Wood/Frame, Composition Siding
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Jackson
  • HighSchool: Greeley Central
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Brentwood

Lot Info

  • Zoning: Multi
  • Lot Size Sq Ft: 102204
  • Parcel #: R3634586
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 29618

Multi Family

  • Number Of Units Total: 44
  • Annual Gross Income: 774343.2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/14/2022 04/14/22 Off Market $7,600,000 -- --
01/14/2022 01/14/22 Sold $7,600,000 -11.4% $174 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
08/18/2021 08/18/21 Price Changed $8,580,000 -7.1% $196 / Sq Ft
07/16/2021 07/16/21 For Sale $9,240,000 +493.5% $211 / Sq Ft
01/28/2019 01/28/19 Off Market $1,556,800 -- --
07/15/2016 07/15/16 Sold $1,556,800 +2.2% $86 / Sq Ft View Prior Sale
06/15/2016 06/15/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $1,522,727 -- $85 / Sq Ft
Source: IRES MLS

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 $17,415 $210,390 $16,580 $193,810
2024 $17,415 $210,390 $16,580 $193,810
2023 $16,607 $211,070 $13,460 $197,610
2022 $13,091 $146,880 $12,030 $134,850
2021 $13,505 $154,440 $12,650 $141,790
2020 $12,266 $140,710 $12,010 $128,700
2019 $12,298 $140,710 $12,010 $128,700
2018 $7,085 $85,540 $14,330 $71,210
2017 $7,123 $85,540 $14,330 $71,210
2016 $5,301 $71,640 $13,370 $58,270
2015 $5,281 $71,640 $13,370 $58,270
2014 $5,052 $66,860 $13,370 $53,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE946164

IRES MLS
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