1602 11th AVE Active Save Request In-Person Tour Request Virtual Tour
Greeley,CO 80631
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,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