NOT LISTED FOR SALE

Estimated Value: $1,875,243

Studio
-- Bath
18,814 Sq Ft
$100/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $1,500,000 $80 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $13,047/month

11 Days on Market

Highlights

  • City View
  • No HOA
  • No Interior Steps
  • 0.77 Acre Lot
  • Brick Veneer
  • 5-minute walk to Luther Park

About This Home

As of December 2020

Investment property completely fully leased. All but one of the 13 RTU's have been replaced and the roofs on two of the buildings were replaced in 2018. The building's are in great shape with little to no deferred maintence. The upside to this property are the below market rates and a nice mixture of longer and shorter term leases. Perfect for a owner user to achieve residual income and office in their own building.

Last Agent to Sell the Property

Mary Jo Brockshus

RE/MAX Comm. Alliance-Greeley License #100014385 Listed on: 09/25/2020

RE/MAX Comm. Alliance-Greeley

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,912

Year Built

  • Built in 1956

Lot Details

  • 0.77 Acre Lot
  • Level Lot

Parking

  • Driveway Level

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Rubber Roof

Interior Spaces

  • 18,814 Sq Ft Home
  • 1-Story Property
  • City Views

Accessible Home Design

  • No Interior Steps
  • Low Pile Carpeting

Schools

  • Greeley Central High School

Additional Features

  • Exterior Lighting
  • Mineral Rights Excluded
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R2966586

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Packards Subdivision

Building Details

  • Gross Income $211,067
  • Net Operating Income $128,454

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,912

Year Built

Built in 1956

Lot Details

0.77 Acres

Listing Details

  • Year Built: 1956
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.77
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Concrete
  • Subdivision Name: Packards
  • Directions: Located on the Northside of 9th street
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 18814
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Commercial or Industrial
  • Private Spa: No
  • Accessibility Features: Level Lot, Level Drive, Low Carpet, No Stairs
  • Has Basement: None
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Rubber
  • Lot Features: Curbs, Gutters, Sidewalks, Mineral Rights Excluded, Within City Limits
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer, Block
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric, Master Meter-Electric, Excel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Greeley
  • Gas Company: Natural Gas, Master Meter-Gas, Atmos

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Other,Other
  • HighSchool: Greeley Central
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Other

Lot Info

  • Zoning: CH
  • Lot Size Sq Ft: 33523
  • Parcel #: R2966586
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 14912

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 211066.52
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2022
Sold by
Jodi Mounts
Bought by
Little Jodi L and Little Wade D
Current Estimated Value
$1,875,243

Purchase Details

Listed on
Sep 25, 2020
Closed on
Dec 17, 2020
Sold by
Independence Squarte 80320 Llc
Bought by
Mounts Jodi
Seller's Agent
Mary Jo Brockshus
RE/MAX Comm. Alliance-Greeley
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.43%
Original Mortgage
$1,140,967
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1993
Sold by
Reu Leon M Heirs Of & Terry
Bought by
Burough Donald E and Burough Elizabeth A

Purchase Details

Closed on
Jan 11, 1991
Sold by
Kester James Douglas and Kester Lucille
Bought by
Reu Leon M and Reu Terry

Purchase Details

Closed on
Nov 16, 1988
Sold by
G E I Bank Industrial Bank
Bought by
Kester James Douglas and Kester Lucille

Purchase Details

Closed on
Nov 10, 1987

Purchase Details

Closed on
Jan 16, 1986
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Little Jodi L -- None Listed On Document
Mounts Jodi $1,500,000 First American
Burough Donald E $235,000 --
Reu Leon M $200,000 --
Kester James Douglas $5,000 --
-- -- --
-- -- --
Kester James Douglas $670,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mounts Jodi $1,140,967
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2022 03/23/22 Off Market $1,500,000 -- --
03/04/2021 03/04/21 Off Market $1,500,000 -- --
12/23/2020 12/23/20 Sold $1,500,000 0.0% $80 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $1,500,000 -- $80 / 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 $40,988 $609,110 $63,360 $545,750
2024 $40,988 $609,110 $63,360 $545,750
2023 $39,087 $491,710 $40,800 $450,910
2022 $33,304 $381,930 $35,340 $346,590
2021 $33,399 $381,930 $35,340 $346,590
2020 $20,667 $237,080 $28,270 $208,810
2019 $20,721 $237,080 $28,270 $208,810
Source: Public Records

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Map

Source: IRES MLS

MLS Number: IRE925026

IRES MLS

APN: R2966586

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