1429 8th St

Greeley, CO 80631
$550,500
New Pricing With this fully stabilized 6-unit asset, currently 100% occupied by reliable, long-term tenants on month-to-month leases. Featuring five 1BD/1BA units & one 2BD/1BA, that offers immediate cash flow with strong rental history. Well cared for & near downtown, public transit, & sought-after amenities, it also presents value-add potentialRead MoreRead Less
Courtesy of Michele Gerbitz, 9703525732
Listing Snapshot
Days Online
91
Last Updated
Property Type
Income Property
Lot Size
0.2 Acres
Year Built
1882
MLS Number
1037523
30 Days Snapshot Of 80631
$377k
+5%
(avg) sold price
22
-42%
homes sold
66
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Electric Range/Oven", "Refrigerator", "All Appliances", "Disposal"
Basement
Basement: "Partially Finished"
Building
4038 total sqft, Has Improvements: No, Construction Materials: "Stucco", Entry Location: Outside Entry, Levels: "Two", Stories: 2, Year Built: 1882
Expenses
Operating Expense: $7,821
Exterior Features
Patio/Porch: "Deck"
Fence
"Partial"
Water Features
Has Water Rights: No, Water Source: "City Water", "City of Greeley"
Heating
"Hot Water"
Income
Gross Income: $68,256, Income Includes: "Lease/Rents", Net Operating Income: $60,435
Interior Features
"Outside Entry"
Lot
0 acres, 8625 sqft, Area: 8625
Parking
Other Parking: Parking Per Unit(Less Than 1)
Property
Parcel Number: R3003586, Possible Use: "Multi-Family", Property Condition: "Not New, Previously Owned"
Roof
"Composition"
Taxes
Tax Annual Amount: 2788, Tax Year: 2024
Tenant Pays
Tenant Pays: "Deposit", "Gas", "Electricity", "Water", "Sewer"
Unit One
Rent: $900, Bedrooms: 2, Total Baths: 1, Number 1 Bedroom Units: 5
Unit Two
Rent: $950, Bedrooms: 1, Total Baths: 1, Number 2 Bedroom Units: 1
Unit Three
Rent: $725, Bedrooms: 1, Total Baths: 1
Unit Four
Rent: $1,050, Bedrooms: 1, Total Baths: 1
Unit Five
Rent: $825, Bedrooms: 1, Total Baths: 1
Unit Six
Rent: $850, Bedrooms: 1, Total Baths: 1
Utilities
Electric: "Electric", "Separate Meter Electricity", "Xcel Energy", Gas: "Natural Gas", "Master Meter-Gas", "Atmos Energy", Utilities: "Natural Gas Available", "Electricity Available"
Windows
"Window Coverings"
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Ian Johnston
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