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2044 27th Avenue Court

Greeley, CO 80634
  • $2,000,000
  • STATUS: Pending
  • ON SITE: 87 Days
  • ID#: 2117320
Pending
UPDATED: 15 min ago
$2,000,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,478
    SQFT
  • $211
    $/SQFT
Type:
Multi-Family
Built:
1982
County:
Area:

School Ratings & Info

REcolorado logo Offered by Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc..

Description

*Please contact listing agent for marketing/financial information. Interior photos coming soon* 2044 27th Avenue Court is a nine-unit multifamily community that includes seven townhome-style units and an adjacent duplex. It is located on a quiet cul-de-sac in Greeley, a rapidly growing area of northern Colorado. Built in 1982, the property offers a diverse unit mix of studio, one-, two-, and three-bedroom units. All units are individually metered for gas and electric and include in-unit laundry with washer and dryer hookups and on-site parking spots. The property is low maintenance and well-kept with brick exterior buildings with pitched roofs and minimal landscaping. Property has plenty of off-street parking as well as two one-car garage spaces which produce additional income. The property's location is within walking distance to the retail hub of Westlake Village Shopping Center and to Meeker Elementary and Greeley West High School. The popular Sanborn Park is just across the street, providing tenants access to walking and biking trails, recreational sport sites, fishing and mountain top sunsets. There is an immediate opportunity to increase bottom line income simply by raising rents to market, charging a market rate for garage parking and billing back tenants for water and sewer. There is also an incidental opportunity to update units and increase rents accordingly. In the last couple of years, multifamily properties in the immediate area have experienced extraordinary change spurred by ambitious investors, thus surrounding the property with similar well-maintained properties. This is an excellent opportunity to acquire a low-maintenance, high-income multifamily property in a truly up and coming market and still expect returns north of 6% with little upfront personal cost.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Compass are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.degroodteam.com/homes/128866214
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2044 27th Avenue Court Greeley, CO 80634

  • Price: $2,000,000
  • Status: Pending
  • On Site: 87 Days
  • Updated: 15 min ago
  • ID#: 2117320
0
Beds
0
Baths
0
½ Baths
0.48
Acres
9,478
SQFT
$211
$/SQFT
1982
Built
County:
Weld
Area:
Greeley
Property Description
*Please contact listing agent for marketing/financial information. Interior photos coming soon* 2044 27th Avenue Court is a nine-unit multifamily community that includes seven townhome-style units and an adjacent duplex. It is located on a quiet cul-de-sac in Greeley, a rapidly growing area of northern Colorado. Built in 1982, the property offers a diverse unit mix of studio, one-, two-, and three-bedroom units. All units are individually metered for gas and electric and include in-unit laundry with washer and dryer hookups and on-site parking spots. The property is low maintenance and well-kept with brick exterior buildings with pitched roofs and minimal landscaping. Property has plenty of off-street parking as well as two one-car garage spaces which produce additional income. The property's location is within walking distance to the retail hub of Westlake Village Shopping Center and to Meeker Elementary and Greeley West High School. The popular Sanborn Park is just across the street, providing tenants access to walking and biking trails, recreational sport sites, fishing and mountain top sunsets. There is an immediate opportunity to increase bottom line income simply by raising rents to market, charging a market rate for garage parking and billing back tenants for water and sewer. There is also an incidental opportunity to update units and increase rents accordingly. In the last couple of years, multifamily properties in the immediate area have experienced extraordinary change spurred by ambitious investors, thus surrounding the property with similar well-maintained properties. This is an excellent opportunity to acquire a low-maintenance, high-income multifamily property in a truly up and coming market and still expect returns north of 6% with little upfront personal cost.
Exterior Features

Architectural Style Low Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Features Cul-De-Sac Lot Size Area 0.48 Lot Size Square Feet 20908.8 Parking Total 16 Road Frontage Type Public Road Road Surface Type Paved Structure Type Low Rise

Property Features

Contingency None Known Listing Terms CashConventional Possession Closing Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 7847 Tax Year 2021 Water Source Public

REcolorado logo Listing courtesy of Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc.:303-328-2050. MLS #2117320


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Compass are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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REcolorado logo Offered by Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc..