3414 7Th StGreeley, CO 80634

Property Details for 3414 7Th St

Year built

1967

Property size (Sq ft)

3,834 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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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