3414 7Th St Greeley, CO 80634
- Commercial real estate
- 3,834 SF
Current Use by Public Records
- Commercial real estate
Property Details for 3414 7Th St
- Year built
- 1967
- Property size
- 3,834 SF
- Property type
- Commercial real estate
- APN
- 095901317001
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.7346162
- Latitude
- 40.4257314
