Movoto Real Estate
Sold on 04/10/2023

1229 10th St, Greeley, CO 80631

$566,000

Last sold 04/10/2023 for $544K

  • —

    bed

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    bath

Multi-family not for sale

About 1229 10th St

Property type Multi-family
Neighborhood
Year built 1885
HOA fee $0/month
Lot size 6,098 Sqft
Movoto estimate
Rental estimate
Property description
Fantastic Investment Opportunity! SELLER OFFERING 12K towards closing costs or rate buy down - allowing for additional cash flow for the first 2 years! Continue renting out all four units or live in one unit and rent out the other three units, great option for residential owner occupant financing. Amazing downtown Greeley location less than a mile from the University of Northern Colorado. This two-story 4-plex offers a great unit mix of two units with 2 bedrooms and 1 bath and the additional two units feature 1 bedroom and 1 bath. Selling at a 6 CAP with the ability to raise CAP rate to high 7's very quickly with updates that have been done and expiring leases! Walk or bike to shopping, schools, and restaurants. The one bedroom units feature 1 full bath, an open concept living and kitchen area, and multiple closets. The two bedroom units feature 1 full bath, an open concept dining and living area, kitchen, and multiple closets. Property includes a common laundry area with coin-operated washer and dryer included. There is room for rental increases for all four units. The property comes with reserved off-street parking and additional on street parking. Call 970-460-4006 to schedule a showing or for additional information.
Listed by
Listing Agent - NoCo Home Team
Listing Agent Contact: 9704604006
Listing Office - C3 Real Estate Solutions, LLC
Source: IRESMLS mls logo
MLS#978628 • last updated 11 months ago
Movoto checked IRESMLS for data 19 minutes ago
Overview
Cooling/AC Ceiling Fan(s)
Heating Gravity, Wood Stove
Levels/Style Two, Colonial, Contemporary
MLS # 978628
Type Residential Income
Status Sold
SubType Multi Family
Lot Size (Acres) 0.14
Annual Tax 3126
Interior
Basement None, Crawl Space
Fireplace Desc None
Accessibility Features Level Lot, Level Drive, Main Floor Bath, Main Level Bedroom, Stall Shower
Interior Features Open Floorplan, Outside Entry
Exterior
Roof Composition
Construction Frame, Brick, Wood Siding
Exterior Features Sprinkler System
Patio & Porch Patio
Lot Features Corner Lot, Deciduous Trees, Native Grass, Level, House Faces South, City Limits, Paved, Curbs, Gutters, Sidewalks
Fencing Partial
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available, Cable Available, Separate Meter Electricity, Separate Meter Gas, Satellite Avail, High Speed Avail
Sewer/ Septic Public Sewer
Electricity Xcel
Water Source City
Appliances No Units Furnished, Electric Range, Refrigerator, Microwave, Fire Alarm
Location
View Hills
County Weld
Subdivision Greeley City
Middle School Heath
High School District Greeley 6
APN R3018186
Directions If You Are Coming From West Greeley - Drive West On 10th Street, The Property Is On The Corner Of 10th Street And 13th Avenue. If You Are Coming From East Greeley - Drive East On 9th Street, Take A Left Onto 13th Avenue - The Property Is On The Corner Of 13th Avenue And 10th Street.
Multifamily Details
Tenant Pays Deposit, Gas, Electricity
Total # of Units 4
Cap Rate 5.85
Operating Expense 9455
Income Includes Lease/Rents
Gross Income 46040.4
Lot/ Land Details
Possible Use Multi-Family
Road Frontage City Street
Road Surface Asphalt
$566K
Range: $503K-$628K
Last 30 days 
Rental est.: $962/month
Gross rent multiplier: 47.1
  • Apr 2023
    mls logo MLS # 978628
  • Apr 10, 2023 Sold
    $544,000 (-13.0%)
  • Nov 10, 2022 Listed
    $625,000 (+27.3%)
  • Nov 2022
    mls logo MLS # IR978628
  • Nov 10, 2022 Listed
    $625,000
  • Mar 2020
    mls logo MLS # IR902388
  • Mar 2, 2020 Sold
    $491,000
  • Mar 2020
    mls logo MLS # 902388
  • Mar 2, 2020 Sold
    $491,000 (+2.3%)
  • Jan 22, 2020 Listed
    $479,900 (+6.7%)
  • Nov 2018
    mls logo MLS # IR865351
  • Nov 29, 2018 Sold
    $449,913
  • Nov 2018
    mls logo MLS # 865351
  • Nov 29, 2018 Sold
    $449,913
  • Oct 24, 2018 Listed
    $449,913
  • Year Property taxes Tax assessment
  • 2025
    $2,919 -6.6%
    $31,970
  • 2024
    $3,125 +4.9%
    $31,970 -21.89%
  • 2023
    $2,980 +0.5%
    $40,930 +20.38%
  • 2022
    $2,965 -5.2%
    $34,000 -4.9%
  • 2021
    $3,126 +67.0%
    $35,750
  • 2020
    $1,872
    $35,750
  • 1229 10th St
    $544K
  • City Center
    $322K -9% y/y
  • 80631
    $387K 0% y/y
  • Greeley
    $439K -6% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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