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$1,125,000

Address Hidden

8 Beds
8 Baths
4,772 Square Feet
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.
Offered By
Joshua Jackson jjackson@livsothebysrealty.com,303-993-9371, LIV Sotheby's International Realty

Property Details

Property Type Residential Income
Status Active
Bedrooms 8
Property Sub Type Income Property
Square Feet 4,772
MLS # 5748510

Market Trends

New Properties On Market
5,478
27% Increase In New Listings
Average Asking Price
$727,903
$2,563 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$292
$5 Increase In List Price/Sq. Ft.
Average Days On Market
20
27 Day Decrease In Days On Market
Data as of Sep 22, 2024. Remaining statistics above are calculated on activity within the period from Jul 01, 2024 to Aug 31, 2024.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 8/31/2024 at 8:19 pm