Not your typical Greeley triplex. New sewer line incoming, active rental income in place, UNC-area location - and motivated sellers $50K below last year's ask.This is part of an active rental portfolio - tenants are already in place, income is already flowing. The sellers aren't moving out; they're moving on.… Read More And before they do, they're doing the work that protects the next owner.Here's what's actually happening: a brand-new sewer line is part of the deal - already in progress and set to be completed. On a 1912 building, that's the kind of infrastructure upgrade that separates a clean acquisition from a due-diligence surprise. The basement unit is also getting fresh new flooring, landing move-in-ready and positioned for strong market rents.Unit mix: a 4-bed/1-bath, a 3-bed/1-bath with basement access, and a 1-bed/1-bath. All three currently tenanted at $2,110, $1,115, and $925 per month - $4,150 in total monthly gross rent. Tenants pay their own gas, electricity, water, and sewer.Built on a 6,580 sq ft lot in Greeley's R-H corridor with ten off-street parking spaces. Full basement, partially finished, with solid utility access. Forced-air heat. Frame construction that's been standing since 1912.Walking distance to the University of Northern Colorado - one of the most consistent rental demand drivers in Northern Colorado, year after year, regardless of what the broader market is doing. Bike score of 76. Greeley Central is 0.6 miles down the road.Priced at $515,000. That's $50,000 below the 2025 ask. Annual taxes: $2,728. Cash, conventional, and 1031 exchange all work. Sellers are motivated and not playing games.Building and maintaining a portfolio? This one checks the boxes. Read Less
Architectural Style: "Cottage", Construction Materials: "Frame", Direction Faces: East, Levels: "Two", Occupant Type: Tenant, Total Area: 2580, Unit Count: 3, Unit Types: "Array", "Array", "Array", Built in 1912, 3 total units
Disclosures
Exclusions: oil/gas/mineral rights, tenant personal property, Mineral Rights Excluded
Expenses
Operating Expense: $6,228
Exterior Features
Patio And Porch Features: "Deck"
Heating
Heating: "Forced Air"
Income
Gross Income: $4,150, Income Includes: "Rent Only", Net Operating Income: $42,078, Projected Gross Operating Income: $48,306
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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