1412 7th Ave Unit 1-5 Greeley, CO 80631
Downtown Greeley NeighborhoodEstimated payment $4,526/month
Total Views
178
8
Beds
5
Baths
2,957
Sq Ft
$257
Price per Sq Ft
Highlights
- No HOA
- Baseboard Heating
- Partially Fenced Property
- Air Conditioning
About This Home
Turnkey Multifamily Investment Opportunity - 7.11% Cap Rate in Greeley, CO. Introducing a fully leased, high-performing multifamily property in the heart of Greeley offering an impressive 7.11% cap rate. This asset is ideal for investors seeking stable cash flow. There are two 1-bedroom apartments and three 2-bedroom apartments. Property Highlights: 100% Occupancy with tenants on solid 12-month leases, most units remodeled in 2024 down to the studs (featuring updated kitchens, bathrooms, appliances, flooring, paint, and fixtures), fresh exterior paint and recent landscaping, deck upgrades completed in 2024, & strong rental history with professional management in place. Shared laundry room for units 1-4, and unit 5 has their own laundry room in unit. Whether you're expanding your portfolio or entering the multifamily market, this turn-key property checks all the boxes for income-producing real estate in Northern Colorado. Don't miss this opportunity-schedule a tour or request the full financials today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,404
Year Built
- Built in 1880
Lot Details
- 9,500 Sq Ft Lot
- Partially Fenced Property
- Wood Fence
Parking
- Alley Access
Home Design
- Property Attached
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 2,957 Sq Ft Home
- 1.5-Story Property
- Window Treatments
- Unfinished Basement
Kitchen
- Electric Oven or Range
- Microwave
- Freezer
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Schools
- Maplewood Elementary School
- Heath Middle School
- Northridge High School
Utilities
- Air Conditioning
- Wall Furnace
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number R3261186
Community Details
Overview
- No Home Owners Association
- 5 Units
- Beer & Thomas Sub Subdivision
Building Details
- Gross Income $67,440
- Net Operating Income $54,036
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,246 | $43,830 | $4,460 | $39,370 |
| 2023 | $3,246 | $44,250 | $4,500 | $39,750 |
| 2022 | $2,439 | $27,970 | $3,230 | $24,740 |
| 2021 | $2,564 | $29,320 | $3,400 | $25,920 |
| 2020 | $1,852 | $21,240 | $2,580 | $18,660 |
| 2019 | $1,856 | $21,240 | $2,580 | $18,660 |
| 2018 | $1,535 | $18,530 | $1,980 | $16,550 |
| 2017 | $1,543 | $18,530 | $1,980 | $16,550 |
| 2016 | $1,273 | $17,210 | $1,130 | $16,080 |
| 2015 | $1,269 | $17,210 | $1,130 | $16,080 |
| 2014 | $930 | $12,310 | $960 | $11,350 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | For Sale | $760,000 | -- | $257 / Sq Ft |
Source: IRES MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $382,500 | First American | |
| Warranty Deed | $150,000 | Unified Title Company Of Nor | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $85,000 | None Available | |
| Warranty Deed | $82,000 | None Available | |
| Trustee Deed | -- | None Available | |
| Warranty Deed | $225,000 | Security Title | |
| Warranty Deed | $180,000 | -- | |
| Deed | $59,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $358,500 | Commercial | |
| Closed | $200,000 | Credit Line Revolving | |
| Previous Owner | $112,500 | Unknown | |
| Previous Owner | $90,349 | Unknown | |
| Previous Owner | $38,362 | Unknown | |
| Previous Owner | $90,000 | Unknown | |
| Previous Owner | $80,331 | Credit Line Revolving | |
| Previous Owner | $202,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $162,000 | No Value Available |
Source: Public Records
Similar Homes in Greeley, CO
Source: IRES MLS
MLS Number: 1032142
APN: R3261186
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.