Greeley, CO 80631,1602 11th AVE
Greeley, CO 80631,1602 11th AVE
Greeley, CO 80631,1602 11th AVE
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$1,124,000
Est. payment /mo
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11 Beds
4 Baths
5,105 SqFt
Active

1602 11th AVE Greeley, CO 80631

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,105 sqft

Price per Sqft $220

Subdivision University District

MLS Listing ID 5767539

Style Traditional

Bedrooms 11

HOA Y/N No

Abv Grd Liv Area 3,450

Year Built 1915

Annual Tax Amount $3,241

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Duplex

Source recolorado

Property Description

This specialty property, a frat house, offers high income, the benefit of a single joint and several net lease with 11 co-signers. If you think such a property presents risk, think again. The joint and several lease provides much greater security than a comparable property like a 4-plex. The bottom line, the property offers unique security of the income stream compared to conventional housing products. The 3.625% loan is fully assumable with fixed interest through September 2027, and with interest rate stops to ensure that the interest will not spike with the increase. Give us a call for your personal tour of this great asset.

Location

State CO

County Weld

Zoning R-H

Rooms

Basement Finished

Interior

Heating Baseboard

Cooling None

Fireplace N

Appliance Cooktop, Dishwasher, Disposal, Dryer, Washer

Laundry In Unit

Exterior

Exterior Feature Private Yard

Fence None

Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected

Roof Type Shingle

Total Parking Spaces 11

Garage No

Building

Lot Description Corner Lot

Foundation Concrete Perimeter

Sewer Community Sewer

Water Public

Level or Stories Two

Structure Type Brick,Frame

Schools

Elementary Schools Maplewood

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None


REColorado (REColorado MLS)
Listed by SFinvest Real Estate

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agent

David J Cordova

Agent | License ID: 100083112

+1(303) 513-4636

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1602 11th AVE