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Commercial > Multi-family / Apartments
Active
01/18/2024
List Price
$785,000$188/ft²

1320 7th Ave
Greeley, CO 80631

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  • 1320 7th Ave, Greeley, CO 80631 is a 5 bed, 2 bath, 4,180 ft² multi-family/apartments property built in 1902 on a 0.110 acre lot. This multi-family/apartments is currently listed for $785,000, and it was last sold in 2009 for $110,000.

    MLS Description

    The listing agent's description. Original Listing

    Pleased to present the opportunity to purchase The Magnolia, a six unit apartment building in Greeley, Colorado. The apartments are conveniently located within minutes from Downtown Greeley and the University of Northern Colorado with easy access to the rest of Greeley one block from 8th Avenue/State Highway 85 Business Route. Desirable unit mix of two 2 Bedroom, 1 Bath and four 3 Bedroom, 1 Bath Units. Property renovated including updated facade, landscaping, interior updates, individual forced air heating and hot water. Leasing upside with current in-place rent of $1.46/SF with survey 2 Bed / 1 Bath units at $1.50/SF and 3 Bed / 1 Bath units at $1.61/SF. Low current in-place price per bedroom of $382/bed. Low maintenance finishes and landscaping for low ongoing operating costs. Additional income opportunity to add coin operated laundry to the existing laundry room not currently being utilized. Opportunity to increase rents by fencing in and amenitizing backyard/back of lot.

    Listing Agents

    The listing agent for 1320 7th Ave is Wayne Lewis.

    Current Ownership

    Information about the current owner(s).

    Property History

    1320 7th Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1320 7th Ave

    School Information

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    Neighborhood

    This property is located in Greeley.

    Market Trends

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    Copyright © 2024 Information and Real Estate Services, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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