1825 7th Ave

LC Real Estate Group is pleased to present the opportunity to purchase Arlington Heights, a three unit house in Greeley, Colorado.
• Location Overview: The Arlington Heights multi-unit house is conveniently located one block from the University of Northern Colorado with easy access to the rest of Greeley one block US Highway 34 Business Route, which goes from 8th Avenue (N/S) and heads
east at 18th Street.
• Property Construction: Built in 1910, Arlington Heights has been updated several times, most recently in 2024, is priced well below replacement cost, and is an excellent value for a historic infill property.
• Unit Mix: Three unit two story house with desirable unit mix including: One 3 Bedroom, 1 Bathroom, One 1 Bedroom, 1 Bathroom non-conforming rear entry main floor unit, and One 2 Bedroom, 1 Bathroom basement unit.
• Rent Summary: Turnkey income property is 100% leased with average in-place rents of $1.50/SF and overall average rent of $750 per bedroom, detached parking garage separately leased for $150/month, and pet rent of $35/month.
• Financial Summary: 7.5% Annual all cash return (Cap rate) and excellent 12.0 year return of purchase price to annual gross rents (Gross Rent Multiple)
• Property Amenities: Large 0.22 acre lot with mature landscaping, private fully fenced backyard, and separately rented detached two car garage.
• Unit Amenities: Unit(s) include central air conditioning and/or ceiling fans, walk-in closets, double pane windows, programmable thermostats, wood burning fireplace, and patio.
• Unit Finishes: Unit(s) include two door refrigerator, built-in microwave, dishwasher, electric range/oven, oak cabinets, HD Formica and solid surface counters, and laminate wood flooring.
• Location Amenities: Walking distance to University of Northern Colorado (UNC) campus, soccer and baseball fields and minutes from Downtown Greeley restaurants, bars, and entertainment.