1218 8th Street

Fully Rented Downtown Greeley Tri-Plex = Great Investment Opportunity! The major items have been taken care of including TWO NEW FURNACES, THREE NEW WATER HEATERS, NEW ROOF AND GUTTERS IN 2024! Discover an excellent opportunity to own a versatile multi-unit property in the heart of downtown Greeley! Unit 1 (main floor level): 1 bed, 3/4 bath - currently rented for $1050/mo. Unit 1 rent has a 20+ year tenant and rent will increase to $1300/mo in June, 2025. Unit 2 (main floor level): 1 bed / 1 bath - freshly updated with new carpet and paint that is currently rented for $1050/mo. Unit 3 (upper level): 2 bed / 1 bath was also refreshed with new paint and carpet and is currently rented for $1300/mo. On June 1, 2025 this will be a 7.77 CAP RATE! In addition, there is a 1-car detached garage, a storage shed, and has a prime location near downtown shops and restaurants. Don't miss this chance to add a fantastic multi-unit investment to your portfolio! No pictures were taken of Unit 1.

Listing Office: RE/MAX Alliance-Greeley