1602 11th Ave - Specialty FOR SALE


Greeley, CO 80631
$1,231,600 USD
720-900-5872
1602 11th Ave, Greeley, CO for Sale
$1,231,600 USD
Specialty - FOR SALE
1/27
null | 5.75% Cap Rate

1602 11th Ave
Greeley, CO 80631


HIGHLIGHTS

  • This is a fully leased fraternity house located only a couple of blocks from the UNC campus in Greeley and close to downtown.
  • The property is leased on a single joint and several lease with 11 tenants and 11 cosigners with minimal risk of default.
  • This is a walk-in and collect your monthly income from the supberb property manager, Big Bear Properties. Representative photos attached.

OVERVIEW

What a great opportunity! This well maintained vintage property in great condition is now offered for sale. It is a fraternity house a couple of blocks from the University of Northern Colorado, and close to shopping, banking, and all the services the residents need. The joint and several 11 occupant lease is cosigned by 11 creditworthy guarantors. Most expenses are passed through during reconcilliation every June after the end of the 12-month lease. The property manager, Big Bear Properties is the pre-eminent student property management firm in the area. This is about as passive as a realty investment can be. Call Tara or William for a persosnal showing.

FOR SALE DETAILS

PRICE

$1,231,600 USD

PRICE/SF

$241 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,932 SF

ZONING

R-H

APN/PARCEL ID

R3283186

ASK ABOUT THIS PROPERTY

William SheridanSFinvest Real EstateMore Info
720-900-5872

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William SheridanSFinvest Real EstateMore Info
720-900-5872

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.