$690,000

517 8th St, Greeley, CO 80631

  • 5 beds |
  • 3 baths |
  • 7,948 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1919
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $87/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Excellent opportunity to purchase three properties with $100,000 down payment. The proposed transaction structure includes purchase of 517 E 8th St, the residential income property for $165,000 with bank financing and separate purchase of 519 & 521 E 8th St,the mixed use commercial/industrial/storage and residential property for $525,000 with seller carry financing. The 8th Street Mixed Commercial/Residential/Storage building is conveniently located two blocks from 8th Avenue the main North/South Highway 34 Business Route through Downtown Greeley and is walking distance to Lincoln Park The property location enjoys proximity to key amenities, public transportation, and a thriving Downtown business community Three (3) commercial spaces including 2,500 SF commercial/industrial space (521 8thSt), +/- 1,100 SF local grocery, and 1,601 SF storage space (519 8th St) Three (3) residential units including 748 SF 2 Bed/1 Bath single family home (517 8th St),one $1,250 SF 2 Bed/1 Bath apartment over commercial (521 8th St), and one 750 SF 1Bed/1 Bath apartment (519 8th St) Industrial Medium Intensity (I-M) allows for a broad set of commercial and industrial uses Residential spaces enhance the property's versatility, attracting potential tenants seeking a convenient and vibrant urban lifestyle The combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability Proximity to Downtown Greeley and continued reinvestment in the area should benefit the long term potential of this property

Listing Status:
Active
Listing Office:
LC Real Estate Group, LLC : 3035888808
Listing Agent:
Wayne Lewis : 3035888808
MLS ID:
1038272
  • Appliances: No Units Furnished
  • Basement: None
  • Heating: Space Heater2 or more Heat Sources
  • Roofing: Tar/Gravel
  • General: FrameBlockStuccoWood SidingBi-Level
  • Road/Access: City Street
  • Originating MLS: ires
  • School District: Greeley 6
  • County: Weld
  • Zoning: I-MR2841086
  • Utilities: Natural Gas AvailableElectricity AvailableXcel Energy
  • Water: City
  • Sewer: Public Sewer
  • Source: ires

This listing courtesy of Wayne Lewis, LC Real Estate Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Maplewood Elementary School

1201 21st Ave, Greeley, CO, 80631

Grades KG-5

1.39 miles away

H

Heath Middle School

2223 16th St, Greeley, CO, 80631

Grades 6-8

1.63 miles away

G

Greeley Central High School

1515 14th Ave, Greeley, CO, 80631

Grades 9-12

1.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.