1839 11th Ave Unit 1-3, Greeley, CO 80631

Property Description

Not your typical Greeley triplex. New sewer line incoming, active rental income in place, UNC-area location - and motivated sellers $50K below last year's ask.This is part of an active rental portfolio - tenants are already in place, income is already flowing. The sellers aren't moving out; they're moving on. And before they do, they're doing the work that protects the next owner.Here's what's actually happening: a brand-new sewer line is part of the deal - already in progress and set to be completed. On a 1912 building, that's the kind of infrastructure upgrade that separates a clean acquisition from a due-diligence surprise. The basement unit is also getting fresh new flooring, landing move-in-ready and positioned for strong market rents.Unit mix: a 4-bed/1-bath, a 3-bed/1-bath with basement access, and a 1-bed/1-bath. All three currently tenanted at $2,110, $1,115, and $925 per month - $4,150 in total monthly gross rent. Tenants pay their own gas, electricity, water, and sewer.Built on a 6,580 sq ft lot in Greeley's R-H corridor with ten off-street parking spaces. Full basement, partially finished, with solid utility access. Forced-air heat. Frame construction that's been standing since 1912.Walking distance to the University of Northern Colorado - one of the most consistent rental demand drivers in Northern Colorado, year after year, regardless of what the broader market is doing. Bike score of 76. Greeley Central is 0.6 miles down the road.Priced at $515,000. That's $50,000 below the 2025 ask. Annual taxes: $2,728. Cash, conventional, and 1031 exchange all work. Sellers are motivated and not playing games.Building and maintaining a portfolio? This one checks the boxes.