Homes for sale - 1602 11th AVE, Greeley, CO 80631

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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$1,124,000

Est. payment - /mo

11 Beds

4 Baths

5,105 SqFt

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UPDATED:

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, Range, 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

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Listed by SFinvest Real Estate

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

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