1605 7th Street, Greeley, CO 80631

$599,000 Asking Price

5 beds
2 baths
1,576  sqft
Built in 1921

Discover a unique investment opportunity in Greeley, with two fully remodeled single-family homes on one lot, offering a blend of income potential and living flexibility. The front house, a cozy 2BD/1BA of 676 sqft, is currently rented for $1,395, with the potential to increase to $1,595, and includes a cellar for additional storage. The back house features 3BD/1BA and an attached 2-car garage, complemented by a private fenced yard, ready to generate $2,295 in rental income. Both homes have been thoughtfully updated and have separate electric and gas meters, ensuring convenience and efficiency. This property is an ideal choice for investors seeking strong rental income or homeowners looking for a residence with an income-producing unit. Situated in a desirable Greeley location known for its robust rental market, this offering is perfect for those looking to capitalize on the area's growth while enjoying the benefits of owning a dual-income property. Whether you're expanding your portfolio or searching for a home that helps pay for itself, this investment is poised to meet a variety of needs in the thriving Greeley community.


Features & Amenities

Interior

Basement:
Unfinished
A/C:
None
Heating:
Forced Air

Exterior

Parking:
Parking spaces: 2

Construction

Roofing:
Composition
General:
One

Location

Originating MLS:
recolorado
School District:
Greeley 6
County:
Weld

Lot

Zoning:
GR 2250 E42' L3 & W3' L2 BLK2 HANSONS SUB, R2988686

Utilities

Sewer:
Public Sewer

Financial

Source:
recolorado
Ownership:
Corporation/Trust
Exclusions:
Tenant's Personal Property
Buyers Agent Compensation:
2.5 %

This listing courtesy of:
Real Broker LLC, David Mathewes

About Greeley, CO

Housing

Number of Units
49,406
Median Home Value
$285,949
Median Rent
$1,014

39.14% of housing units are renter occupied.

5.64% are vacant.

Commute

Car
75.81%
Public Transportation
0.44%
Walk to Work
1.92%
Work from Home
20.53%
Other
0.78%

The median travel time to work is 21 minutes.

People

Population
124,078
Median Age
35.10
Median Household Size
2.81

Education

High School
26.88%
Associate’s Degree
8.83%
Bachelor’s Degree
16.14%
Graduate Degree
9.94%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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