Contacts
Wayne Lewis
LC Real Estate Group
Dallas Landry
LC Real Estate Group
Property Details
- Property Type Multi-Family
- Property Size 1,798 SF
- Units 3
- Lot Size 0.22 Acre
- Cap Rate % 7.5
- Zoning R-H
- Additional Rent Contact for pricing
- Year Built 1910
- Date Updated Nov 7, 2024
• Location Overview: The Arlington Heights multi-unit house is conveniently located one block from the University of Northern Colorado with easy access to the rest of Greeley one block US Highway 34 Business Route, which goes from 8th Avenue (N/S) and heads east at 18th Street. • Property Construction: Built in 1910, Arlington Heights has been updated several times, most recently in 2024, is priced well below replacement cost, and is an excellent value for a historic infill property. • Unit Mix: Three unit two story house with desirable unit mix including: One 3 Bedroom, 1 Bathroom, One 1 Bedroom, 1 Bathroom non-conforming rear entry main floor unit, and One 2 Bedroom, 1 Bathroom basement unit. • Rent Summary: Turnkey income property is 100% leased with average in-place rents of $1.50/SF and overall average rent of $750 per bedroom, detached parking garage separately leased for $150/month, and pet rent of $35/month. • Financial Summary: 7.5% Annual all cash return (Cap rate) and excellent 12.0 year return of purchase price to annual gross rents (Gross Rent Multiple) • Property Amenities: Large 0.22 acre lot with mature landscaping, private fully fenced backyard, and separately rented detached two car garage. • Unit Amenities: Unit(s) include central air conditioning and/or ceiling fans, walk-in closets, double pane windows, programmable thermostats, wood burning fireplace, and patio. • Unit Finishes: Unit(s) include two door refrigerator, built-in microwave, dishwasher, electric range/oven, oak cabinets, HD Formica and solid surface counters, and laminate wood flooring. • Location Amenities: Walking distance to University of Northern Colorado (UNC) campus, soccer and baseball fields and minutes from Downtown Greeley restaurants, bars, and entertainment.
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Attachments
Getting around
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58/100
Walk Score ®
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70/100
Bike Score ®
Location
- City Greeley, CO
- Zip Code 80631
- Market Denver
Points of Interest
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Conoco
0.36 miles
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Mobil
0.45 miles
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Everyday
0.96 miles
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King Soopers
1.09 miles
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Exxon
1.64 miles
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Kum & Go
1.65 miles
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Cosmic Market
1.77 miles
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7-Eleven
1.95 miles
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Loaf 'N Jug
2.16 miles
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Sam's Club
2.26 miles
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Downtown Greeley Park-n-Ride
0.85 miles
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Corpus Christi Lake
1.35 miles
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Greeley Regional Transportation Center Parking
1.76 miles
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Sanborn Park Parking
2.23 miles
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US 85 Evans Park and Ride
2.76 miles
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Greeley West Park
2.99 miles
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Lot B
4.09 miles
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Lot A
4.18 miles
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Rover Run Trailhead
4.24 miles
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Clarion Hotel and Conference Center
1.13 miles
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DoubleTree by Hilton Greeley at Lincoln Park
1.22 miles
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Rodeway Inn
1.52 miles
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Select Stay
1.54 miles
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Rainbow Motel
1.71 miles
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Americas Best Value Inn Greeley Evans
1.79 miles
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Heritage Inn
1.89 miles
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Fairfield Inn & Suites Greeley
1.94 miles
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Hampton
1.95 miles
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Super 8
2.01 miles
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Ismail Halal Asian Market
0.55 miles
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Big Lots
1.02 miles
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King Soopers
1.18 miles
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Greeley Mall
1.75 miles
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Cosmic Market
1.76 miles
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Walmart Supercenter
2.19 miles
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Safeway
2.61 miles
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Food King
2.79 miles
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Grace Divine African Store
2.94 miles
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TJ Maxx
3.07 miles
In-Depth Research Available for this Property
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