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1602 11th Ave 5,107 SF Specialty Building Offered at $1,231,600 at a 5.75% Cap Rate in Greeley, CO 80631
INVESTMENT HIGHLIGHTS
- This is a fully leased fraternity house located only a couple of blocks from the UNC campus in Greeley and close to downtown.
- This is a walk-in and collect your monthly income from the supberb property manager, Big Bear Properties. Representative photos attached.
- The property is leased on a single joint and several lease with 11 tenants and 11 cosigners with minimal risk of default.
EXECUTIVE SUMMARY
What a great opportunity! This well maintained vintage property in great condition is now offered for sale. It is a fraternity house a couple of blocks from the University of Northern Colorado, and close to shopping, banking, and all the services the residents need. The joint and several 11 occupant lease is cosigned by 11 creditworthy guarantors. Most expenses are passed through during reconcilliation every June after the end of the 12-month lease. The property manager, Big Bear Properties is the pre-eminent student property management firm in the area. This is about as passive as a realty investment can be. Call Tara or William for a persosnal showing.
DATA ROOM Click Here to Access
- Market Information
- Operating and Financials
- Title and Insurance
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,231,600 | Building Class | C |
| Price Per SF | $241.16 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 5,107 SF |
| Cap Rate | 5.75% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1915/2020 |
| Property Subtype | Sorority/Fraternity House | ||
| Zoning | R-H - Residential High Density | ||
| Price | $1,231,600 |
| Price Per SF | $241.16 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Property Type | Specialty |
| Property Subtype | Sorority/Fraternity House |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,107 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2020 |
| Zoning | R-H - Residential High Density |
AMENITIES
- Smoke Detector
Walk Score®
Very Walkable (72)
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1602 11th Ave
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