$1,360,000

Estimated payment $7,977/month

Total Views 3,443
8 Beds
8 Baths
4,446 Sq Ft
$306 Price per Sq Ft

Highlights

  • No HOA
  • Brick Veneer
  • Baseboard Heating

About This Home

Conveniently situated less than half a mile from the University of Northern Colorado, 1509 3rd Ave in Greeley is a 8-unit apartment building, including eight one-bedroom, one-bathroom residences. Built in 1973 with classic brick construction and a composition shingle pitched roof, this property has undergone a complete renovation, featuring updated flooring, cabinets, countertops, and bathrooms. The property was improved with several capital expenditure upgrades over the last year with new windows, a refreshed painted exterior, new parking lot, and perimeter fence. Each unit boasts individual AC units for personalized comfort. With its prime location 1509 3rd Ave presents a turnkey investment opportunity with immediate cashflow.

Listing Agent

Elliott Polanchyck

Unique Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,626

Year Built

  • Built in 1973

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 4,446 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Schools

  • Maplewood Elementary School
  • Franklin Middle School
  • Northridge High School

Additional Features

  • 9,148 Sq Ft Lot
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number R3232786

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Hall & Morger Add Subdivision

Building Details

  • Gross Income $127,893
  • Net Operating Income $123,267

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,626

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Year Built: 1973
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.21
  • Subdivision Name: Hall & Morger Add
  • Unit Levels: Bi-Level
  • New Construction: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: No
  • Has Basement: None
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Baseboard
  • Utilities: Electricity Available
  • Heating Yn: Yes
  • Water Source: City Water, City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Maplewood
  • HighSchool: Northridge
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Franklin

Lot Info

  • Zoning: R-H
  • Lot Size Sq Ft: 9148
  • Parcel #: R3232786
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4626

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 127893.41
  • Annual Operating Expense: 4626

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 For Sale $1,360,000 +54.5% $306 / Sq Ft
08/17/2022 08/17/22 Sold $880,000 0.0% $198 / Sq Ft
07/31/2022 07/31/22 Off Market $880,000 -- --
06/09/2022 06/09/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $1,080,000 -- $243 / Sq Ft
Source: IRES MLS

Source: IRES MLS

MLS Number: 1028623

IRES MLS