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1770 25th Ave

Greeley, CO 80634
  • $1,250,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 950627
UPDATED: 42 min ago
$1,250,000
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1979
County:

School Ratings & Info

Description

Conveniently located near Northern CO Medical Center & UNC in Greeley. Priced well below replacement cost $119/SF. Majority of suites & common area fully modernized w/$125,000 in recent updates. Lease rollover upside with average in-place gross rent of $16.18/SF, below market average asking gross rents of $20.70/SF. Recent conversion of Suite 302 into executive suites creates diversified options & higher rent per SF. Excellent 10 year returns including 15.1% leveraged IRR & 2.56x Equity Multiple.

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© 2021 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 RE/MAX Alliance. Data last updated: 2021-10-24T10:41:23.873.
www.taylorhomepartners.com/homes/121286825
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1770 25th Ave Greeley, CO 80634

  • Price: $1,250,000
  • Status: Active
  • Updated: 42 min ago
  • MLS #: 950627
0
Beds
0
Baths
0
½ Baths
0.69
Acres
1979
Built
Neighborhood:
None
County:
Weld
Area:
10 Weld County (all)
Property Description
Conveniently located near Northern CO Medical Center & UNC in Greeley. Priced well below replacement cost $119/SF. Majority of suites & common area fully modernized w/$125,000 in recent updates. Lease rollover upside with average in-place gross rent of $16.18/SF, below market average asking gross rents of $20.70/SF. Recent conversion of Suite 302 into executive suites creates diversified options & higher rent per SF. Excellent 10 year returns including 15.1% leveraged IRR & 2.56x Equity Multiple.
Exterior Features

Construction Materials Wood/FrameBrick/Brick Veneer Exterior Features Lighting Horse YN No Lot Features CurbsGuttersSidewalksFire Hydrant Within 500 Feet Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Wood Waterfront YN No

Interior Features

Building Area Total 10500 Cooling Refrigeration/HvacMulti Units Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features High Speed Internet Living Area 10500 Living Area Source Other

Property Features

Association YN No Cap Rate 7.3 Electric ElectricXcel Gas Natural GasXcel Energy Gross Income 167214.53 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Locale Greeley Net Operating Income 91218.53 New Construction YN No Operating Expense 75996 Possible Use CommercialCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Multi Family Sale Includes Building(S)LandLeases Sewer City Sewer Tax Annual Amount 27074 Tax Year 2021 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Greeley Zoning Cl

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Wayne Lewis of Lc Real Estate Group, Llc.



© 2021 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 RE/MAX Alliance. Data last updated: 2021-10-24T10:41:23.873.
 
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