1015 18Th St Greeley, CO 80631
- Multifamily properties
- 3,867 SF
- 0.82 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 1015 18Th St
- Year built
- 1952
- Lot size
- 0.82 lot acres
- Property size
- 3,867 SF
- Property type
- Multifamily properties
Description
This exceptional multi-family property located at 1015 E 18th Street, Greeley, CO, presents a compelling investment opportunity. The 3,867 square foot building sits on a sizable 0.82-acre lot, providing ample off-street parking for residents. The property comprises six individual kitchenette units and two double units, offering a diverse rental mix. A substantial main office area adds significant versatility, featuring a reception area, laundry facilities, four bedrooms, a full kitchen, and a bathroom. This presents a unique opportunity for live-in management or additional rental income. While several units have undergone recent updates, some cosmetic improvements offer potential for sweat equity and increased return on investment. The property's substantial size and layout provide flexibility for future renovations or expansion. A new roof is scheduled for installation in September, representing a significant cost saving for the new owner. This property is ideally suited for an investor seeking to expand their portfolio or a first-time buyer looking for a strong cash-flowing asset in a growing market. The large lot size also offers potential for future development or expansion, adding further value to this already attractive investment. Don't miss this chance to acquire a well-located, multi-unit property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.6629
- Latitude
- 40.41047
