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1509 3rd Ave

Greeley, CO 80631
  • $1,360,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 1028623
UPDATED: 199 min ago
$1,360,000
  • 8
    BEDS
  • 0.21
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,446
    SQFT
  • $306
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Information

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

Description

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.

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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: 2025-04-17T23:41:17.6.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/161511393
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1509 3rd Ave Greeley, CO 80631

  • Price: $1,360,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 199 min ago
  • MLS #: 1028623
8
Beds
8
Baths
0
½ Baths
0.21
Acres
4,446
SQFT
$306
$/SQFT
1973
Built
Neighborhood:
Hall & Morger Add
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Maplewood
Middle School:
Franklin
High School:
Northridge
School District:
Greeley 6
Property Description
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.
Exterior Features

Construction Materials Brick/Brick Veneer Horse YN No Levels Bi-Level Other Parking Parking Per Unit(1 Space/Unit) Roof Composition Spa YN No Waterfront YN No

Interior Features

Basement None Heating Baseboard Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 1 Unit1 Est Sq Ft 550 Unit1 Total Baths 1

Property Features

Association YN No Cap Rate 6.87 Ditches Active YN No Electric Electric Exclusions Seller and Tenants personal property. Gross Income 127893.41 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Greeley Net Operating Income 123267.41 New Construction YN No Number Of1 Bedroom Units 8 Operating Expense 4626 Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Special Listing Conditions Private Owner Tax Annual Amount 4626 Tax Year 2024 Tenant Pays Electricity Unit1 Rent 1190.5 Utilities Electricity Available Water Source City WaterCity Zoning R-H

Listing information © 2025 Information and Real Estate Services
Listing provided courtesy of Elliott Polanchyck of Unique Properties: 3033215888.



© 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: 2025-04-17T23:41:17.6.

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