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105 8Th Ave Greeley, CO 80631

OFF-MARKET Multifamily properties Google Maps
6,412 SF Built 1953
Entity Owned 8-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US13-2748375

Property summary

AI-generated overview

This renovated 16-room boutique motel in Greeley, CO, presents a unique investment opportunity. The property boasts 6,412 square feet and includes an on-site manager's residence, ideal for owner-occupancy. Situated for optimal visibility and accessibility, the motel benefits from its prominent location and eye-catching neon signage. The current asking price is $1,525,000, with seller financing available to qualified buyers. A down payment of $575,000 is required, with a 5-year term at 5% interest only. This established business offers strong income potential, making it an attractive proposition for both retirees seeking a hands-on venture and their children looking for future involvement. The property's design and location make it a compelling choice for travelers, offering a comfortable and memorable stay. The inclusion of a separate manager's residence enhances the property's functionality and livability. This turnkey operation is ready for a new owner to continue its success and build upon its existing foundation. The property is situated on a lot with zero acres. The motel's design and location make it a compelling choice for travelers, offering a comfortable and memorable stay. The property is well-suited for a variety of ownership structures, offering flexibility and potential for long-term growth.

Property profile

Verified
Property type Multifamily properties
Year built 1953
Total area 6,412 SF
UPID US13-2748375

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
3 recorded transactions
2022
Price N/A
2017
$995,000
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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