NEWLY RENOVATED 4-PLEX INVESTMENT! FULLY LEASED with all NEW interior and exterior. Each unit is 2 bed 2 bath with Tenant paying electric and gas direct. This investment was demolished to the studs and rebuilt in December 2021. This Property offers new electrical wiring/panels, individual metered electrical and gas units, new furnaces, new air conditioners, washer/dryer hookups, hot water heaters, quartz counter tops, stainless steel appliances, LVT flooring on the main, new carpet upstairs, small back patio, fully paved parking lot, new xeriscape landscaping (with irrigation system), and new roof and siding. A feature of this Property is the high visibility with easy access to the main arterials for convenient commutes.
This meticulously maintained building, constructed in 2012, offers a unique investment opportunity in a prime location. Each of the four 2-bedroom, 2-bathroom units are identical in size and boasts desirable features such as an eat-in kitchen with a large island, in-unit laundry, gas fireplace, enclosed balcony, forced air heating, and central air-conditioning. The exterior is equally impressive, with a pristine parking lot providing two dedicated off-street parking spots for each unit. Situated in a tranquil Central Greeley neighborhood at the end of a cul-de-sac, the property is surrounded by trees and bordered by a ditch, ensuring privacy and a serene atmosphere. Despite its peaceful setting, the building is conveniently located just half a mile from Hwy 34, facilitating easy commuting. It is within walking distance of Greeley West High School, West Lake Village Shopping Center, Greeley West Park, and Greeley Lake West Reservoir. Additionally, two major medical centers, UCHealth Greeley Hospital and Banner North Colorado Medical Center, are only a short drive away. The property sits just 2 miles west of the University of Northern Colorado campus, further enhancing its appeal. Greeley's strong rent growth, sustained demand, and healthy population increase have made it a hotspot for multifamily investments and this trend is expected for years to come. According to CoStar projections, property values and rents are expected to rise significantly from 2025 through the end of the decade. This quadplex presents an excellent opportunity to acquire a high-quality asset in a promising market before competition and prices surge. Seller offering concession toward rate buy-down to enhance immediate cash flow opportunity. Contact listing agent for details. Watch supplemental property video.
Fantastic 4 plex in a prime location! Don't miss this opportunity to add this property to your portfolio. Each unit has 2 bedrooms & 2.5 baths. The bedrooms are individual suites ( each has it's own bath & walk in closet). There is a separate loft upstairs which is perfect for a study or 2nd living room. Downstairs you will find a cozy living room with fireplace, separate dining room, well laid out kitchen, laundry room, panty, 1 car garage & semi private patio. These units have all been remodeled with new paint, new upper end appliances, new fixtures, new vinyl plank flooring in all kitchen & bathrooms, new countertops, new carpet (except #3), new front load washer/dryers & most importantly 4 new high efficiency furnaces in 2021, & 3 A/C units in 2022. Amazing assumable loan with your payment going toward principle. Close to the NEW Greeley West High School, grocery store, & restaurants.
This property is conveniently nestled into a thriving neighborhood next to HWY/BUS 34, Parks, Restaurants, Schools, & Shopping. This property includes a fenced yard & a 2 Car Detached Garage with 220V Electrical Panel. Both Units are also separately metered. Unit 1 is rented at $1,850/month, Unit 2 is rented at $1,300/month with a great cash flowing cap rate. There is also potential to rent out the garage for $200+/month; however, owner is currently using it for storage. This prime located investment is priced amazingly- come take a look for yourself!
The median home value in Greeley, CO is $292,900. This is lower than the county median home value of $331,200. The national median home value is $219,700. The average price of homes sold in Greeley, CO is $292,900. Approximately 55.68% of Greeley homes are owned, compared to 39.78% rented, while 4.55% are vacant. Greeley real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Greeley real estate agent to arrange a tour today!
Greeley, Colorado 80634 has a population of 100,760. Greeley 80634 is less family-centric than the surrounding county with 35.7% of the households containing married families with children. The county average for households married with children is 38.89%.
The median household income in Greeley, Colorado 80634 is $52,887. The median household income for the surrounding county is $66,489 compared to the national median of $57,652. The median age of people living in Greeley 80634 is 30.7 years.
The average high temperature in July is 93.8 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 15.9 inches per year, with 40.8 inches of snow per year.