1602 11th Ave Active Save Request In-Person Tour Request Virtual Tour
Greeley,CO 80631
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 5,105 sqft
Price per Sqft $220
Subdivision University District
MLS Listing ID 5767539
Bedrooms 11
Year Built 1915
Annual Tax Amount $3,241
Lot Size 10,018 Sqft
Property Sub-Type Income Property
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
Area Greeley/Weld
Zoning R-H
Interior
Heating Baseboard
Exterior
Utilities Available Electricity Available,Cable Available
Roof Type Fiberglass
Building
Lot Description Corner Lot
Story 2
Sewer Other Water/Sewer,Community
Water City Water,Other Water/Sewer
Structure Type Wood/Frame,Brick/Brick Veneer,Concrete
New Construction false
Schools
Elementary Schools Maplewood
Middle Schools Heath
High Schools Greeley Central
School District Greeley 6