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1412 7th Avenue

Greeley CO 80631

0.22 ac.
Multi-Family
Currently for sale - view listing

Overview

Turnkey Multifamily Investment Opportunity in Greeley, CO. Introducing a fully leased, high-performing multifamily property in the heart of Greeley offering an impressive over 7% cap rate. This asset is ideal for investors seeking stable cash flow. There are two 1-bedroom apartments and three 2-bedroom apartments. Currently have 100% Occupancy with tenants on 12-month leases. Notice received for 1 unit moving out in the next month or so. Most units remodeled in 2024 down to the studs (featuring new windows, updated kitchens, bathrooms, appliances, flooring, paint, and fixtures), fresh exterior paint and recent landscaping, deck upgrades completed in 2024, & strong rental history with professional management in place. Shared laundry room for units 1-4, and unit 5 (built in 1990) has their own laundry room in unit. Tenants pay separately metered electricity. Landlord pays water/trash/common electric. Whether you're expanding your portfolio or entering the multifamily market, this turn-key property checks all the boxes for income-producing real estate in Northern Colorado. Don't miss this opportunity-schedule a tour or request the full financials today.

Features

0.22 ac. lot size
Multi-Family

Property history for 1412 7th Avenue

2020
Sold
$382,500
06 May 2020

Happy sellers in Greeley

93%
93% of sellers in Greeley reported that their sale price either exceeded or met their price expectations.

Greeley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 11 reviews in Greeley over the last 12 months.

Local market activity for multi families in Greeley

In the last 12 months, 10 multi families similar to 1412 7th Avenue, have been sold.

This represents a 150% decrease in multi families sales when compared to the previous 12 months.

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