3414 7Th StGreeley, CO 80634

Property Details for 3414 7Th St

Year built

1967

Property size (Sq ft)

3,834 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a newly renovated four-unit apartment building located at 3414 W 7th St, Greeley, CO 80634. The property, built in 1967 and extensively renovated in 2022, boasts a total of 3,834 square feet on a 14,122 square foot lot. Each of the four units features two bedrooms and two bathrooms, with tenants responsible for their own electricity and gas. Recent renovations included a complete demolition to the studs, followed by the installation of new electrical wiring and panels, individually metered utilities, new furnaces and air conditioners, updated hot water heaters, and washer/dryer hookups. Modern interior finishes include quartz countertops, stainless steel appliances, LVT flooring on the main level, and new carpeting upstairs. Exterior improvements encompass a new roof and siding, xeriscape landscaping with an irrigation system, and a fully paved parking lot with individual back patios. The property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $68,266, resulting in a 6.97% capitalization rate. The asking price is $980,000, or $245,000 per unit. This property is zoned RH and offers high visibility with convenient access to major roadways. This is a stabilized investment with significant potential for long-term growth and strong cash flow.

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.4257

Longitude

-104.735

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