NOT LISTED FOR SALE
2 Beds
1 Bath
43,708 Sq Ft
2.35 Acre Lot

Sale Details

Date 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 License #100023927 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2016
Closed on
Jul 15, 2016
Sold by
Bought by
Seller's Agent
Brian Mannlein
Cushman & Wakefield
Buyer's Agent
Alex Schuman
Schuman Companies
List Price
$1,522,727
Sold Price
$1,556,800
Premium/Discount to List
$34,073
2.24%

Purchase Details

Closed on
Dec 7, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 1977
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,425,000 Land Title Guarantee Co
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $19,208 $224,150 $17,660 $206,490
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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