Homes for sale - 517 8th St, Greeley, CO 80631

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Christine Gwinnup

christine@theboldcollectivehomes.com +1(303) 709-4262

$ 690,000

Est. payment | -/mo

5 Beds

3 Baths

8,712 Sqft Lot

Save

$ 690,000

Est. payment | -/mo

Save

5 Beds

3 Baths

8,712 Sqft Lot

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Subdivision Greeley City

MLS Listing ID 1038272

Bedrooms 5

HOA Y/N false

Year Built 1919

Annual Tax Amount $12,272

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Income Property

Source IRES MLS

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

Location

State CO

County Weld

Area Greeley/Weld

Zoning I-M

Direction From I-25, Exit 257 (US-34 E) toward Greeley. After 6.8 mi, take the US-34 BUS exit, and continue on US-34 BUS East & continue on 10th Street. Turn left onto 6th Ave., then right on 8th Street. Property is on left.

Rooms

Basement None

Interior

Heating Space Heater, 2 or more Heat Sources

Exterior

Exterior Feature Lighting

Parking Features Alley Access

Utilities Available Natural Gas Available, Electricity Available

Roof Type Tar/Gravel

Street Surface Paved,Asphalt

Building

Lot Description Curbs, Gutters, Sidewalks, Level

Story 2

Sewer City Sewer

Water City Water, City of Greeley

Level or Stories Bi-Level

Structure Type Wood/Frame,Block,Stucco,Wood Siding

New Construction false

Schools

Elementary Schools Maplewood

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Senior Community false

Tax ID R2841086

SqFt Source Other

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Wayne Lewis • LC Real Estate Group, LLC • 3035888808

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(303) 709-4262

christine@theboldcollectivehomes.com

Loveland, Colorado

517 8th St Greeley, CO 80631