Pleased to present the opportunity to purchase The Magnolia, a six unit apartment building in Greeley, Colorado. The apartments are conveniently located within minutes from Downtown Greeley and the University of Northern Colorado with easy access to the rest of Greeley one block from 8th Avenue/State Highway 85 Business Route. Desirable unit mix of two 2 Bedroom, 1 Bath and four 3 Bedroom, 1 Bath Units. Property renovated including updated facade, landscaping, interior updates, individual forced air heating and hot water. Leasing upside with current in-place rent of $1.46/SF with survey 2 Bed / 1 Bath units at $1.50/SF and 3 Bed / 1 Bath units at $1.61/SF. Low current in-place price per bedroom of $382/bed. Low maintenance finishes and landscaping for low ongoing operating costs. Additional income opportunity to add coin operated laundry to the existing laundry room not currently being utilized. Opportunity to increase rents by fencing in and amenitizing backyard/back of lot.
Sold for $779,000
$779,000
1320 7th Ave, Greeley, CO 80631
5beds
2baths
4,180sqft
Multi Family
Built in 1902
-- sqft lot
$-- Zestimate®
$186/sqft
$2,085 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,085/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Wayne Lewis 303-588-8808,
LC Real Estate Group, LLC,
Dallas Landry 970-581-0679,
LC Real Estate Group, LLC
Bought with:
Wesley Perry, 100091594
SVN/Denver Commercial
Source: IRES as distributed by MLS GRID,MLS#: 1001816
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Baseboard
Appliances
- Included: Electric Range, Dishwasher, Refrigerator
Features
- Basement: Full,Partially Finished
Interior area
- Total structure area: 4,180
- Total interior livable area: 4,180 sqft
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Fencing: Partial
- Has view: Yes
- View description: City
Lot
- Size: 5,000 Square Feet
- Features: Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Mineral Rights Included
Details
- Parcel number: R3248186
- Zoning: C-H
- Special conditions: Private Owner
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1902
Utilities & green energy
- Electric: Xcel
- Gas: Atmos
- Sewer: Public Sewer
- Water: City
- Utilities for property: Natural Gas Available, Electricity Available
Community & HOA
Community
- Features: Community Laundry, Security Building
- Subdivision: None
HOA
- Has HOA: No
- Services included: Trash
Location
- Region: Greeley
Financial & listing details
- Price per square foot: $186/sqft
- Annual tax amount: $4,438
- Date on market: 6/26/2024
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Water, Sewer
- Income includes: Lease/Rents, Common Area Fees, Laundry
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 9/13/2024 | Listing removed | $1,150 |
Source: Zillow Rentals Report a problem | ||
| 7/31/2024 | Listed for rent | $1,150 |
Source: Zillow Rentals Report a problem | ||
| 6/24/2024 | Sold | $779,000-0.8%$186/sqft |
Source:  IRES as distributed by MLS GRID #1001816 Report a problem | ||
| 3/22/2024 | Price change | $785,000-1.3%$188/sqft |
Source: IRES as distributed by MLS GRID #1001816 Report a problem | ||
| 1/25/2024 | Listed for sale | $795,000$190/sqft |
Source: IRES as distributed by MLS GRID #1001816 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 80631
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Nearby schools
GreatSchools rating
- 2/10Maplewood Elementary SchoolGrades: K-5Distance: 1.3 mi
- 3/10Heath Middle SchoolGrades: 6-8Distance: 2.3 mi
- 3/10Northridge High SchoolGrades: 9-12Distance: 5.2 mi
Schools provided by the listing agent
- Elementary: Maplewood
- Middle: Heath
- High: Northridge
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Colorado
- Weld County
- Greeley
- 80631
- 1320 7th Ave
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