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1218 8th St

Greeley, CO 80631
  • $450,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 1026065
UPDATED: 35 min ago
$450,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,011
    SQFT
  • $224
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1892
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Charming Downtown Greeley Tri-Plex - Great Investment Opportunity! Discover an excellent opportunity to own a versatile multi-unit property in the heart of downtown Greeley! This income-producing tri-plex offers three distinct units, making it perfect for investors or owner-occupants looking to offset their mortgage with rental income. Unit 1 (main floor level): 1 bed / 3/4 bath - Currently occupied, providing instant rental income at $1050/mo. Unit 2 (main floor level): 1 bed / 1 bath - Freshly updated with new carpet and paint, move-in ready! Unit 3 (upper level): 2 bed / 1 bath - will be occupied 3/1/25 and was also refreshed with new paint and carpet. Additional features include TWO NEW FURNACES, THREE NEW WATER HEATERS, NEW ROOF AND GUTTERS IN 2024! In addition, there is a 1-car detached garage, a storage shed, and has a prime location near downtown shops and restaurants. TRI Property Management is currently seeking tenants for Unit 2 but as of the list date, you have the flexibility to set market rents or even live in one while renting out the others. Don't miss this chance to add a fantastic multi-unit investment to your portfolio! No pictures were taken of Unit 1.

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© 2025 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2025-03-16T11:41:05.027.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/160162586
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1218 8th St Greeley, CO 80631

  • Price: $450,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 35 min ago
  • MLS #: 1026065
4
Beds
3
Baths
0
½ Baths
0.13
Acres
2,011
SQFT
$224
$/SQFT
1892
Built
Neighborhood:
Greeley City
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Martinez
Middle School:
Franklin
High School:
Northridge
School District:
Greeley 6
Property Description
Charming Downtown Greeley Tri-Plex - Great Investment Opportunity! Discover an excellent opportunity to own a versatile multi-unit property in the heart of downtown Greeley! This income-producing tri-plex offers three distinct units, making it perfect for investors or owner-occupants looking to offset their mortgage with rental income. Unit 1 (main floor level): 1 bed / 3/4 bath - Currently occupied, providing instant rental income at $1050/mo. Unit 2 (main floor level): 1 bed / 1 bath - Freshly updated with new carpet and paint, move-in ready! Unit 3 (upper level): 2 bed / 1 bath - will be occupied 3/1/25 and was also refreshed with new paint and carpet. Additional features include TWO NEW FURNACES, THREE NEW WATER HEATERS, NEW ROOF AND GUTTERS IN 2024! In addition, there is a 1-car detached garage, a storage shed, and has a prime location near downtown shops and restaurants. TRI Property Management is currently seeking tenants for Unit 2 but as of the list date, you have the flexibility to set market rents or even live in one while renting out the others. Don't miss this chance to add a fantastic multi-unit investment to your portfolio! No pictures were taken of Unit 1.
Exterior Features

Construction Materials Wood/FrameWood Siding Exterior Features Lighting Fencing FencedWoodChain Link Horse YN No Levels Two Lot Features CurbsGuttersSidewalksLawn Sprinkler System Other Parking Parking Per Unit(1 Space/Unit2 Spaces/Unit) Other Structures Storage Parking Features Alley Access Patio And Porch Features Deck Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenGas Range/OvenRefrigerator Basement PartialUnfinished Heating Forced Air Heating YN Yes Interior Features Satellite AvailHigh Speed InternetEat-in Kitchen Living Area Source Appraiser Unit1 Bedrooms 1 Unit1 Est Sq Ft 568 Unit1 Total Baths 1 Unit2 Bedrooms 1 Unit2 Est Sq Ft 507 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 936 Unit3 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 7.12 Ditches Active YN No Electric ElectricSeparate Meter ElectricityXcel Exclusions Any and all tenant's personal property. Gas Natural GasAtmos Gross Income 39576 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Greeley Net Operating Income 32062 New Construction YN No Number Of1 Bedroom Units 2 Number Of2 Bedroom Units 1 Operating Expense 7514 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 1730 Tax Year 2024 Tenant Pays DepositElectricityTrash Collection Unit1 Rent 1050 Unit2 Rent 1050 Unit3 Rent 1300 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity of Greeley Zoning RES

Listing information © 2025 Information and Real Estate Services
Listing provided courtesy of Christina L Koder of RE/MAX Alliance-Greeley: 9703305000.



© 2025 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2025-03-16T11:41:05.027.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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2021 Clubhouse Dr. Suite 100
Greeley CO, 80634