Great Rental Opportunity-3 Houses

Or Flip for $192,000 Est. Profit

1520, 1524, 1530 N 25th Ave Ct, Greeley, 80631

  • Characteristics

    1520 N 25th Ave Ct: 1 bed, 1 bath, 550 SqFt

    1524 N 25th Ave Ct: 3 bed, 2 bath, mid-renovations, 1,100 SqFt.

    1530 N 25th Ave Ct: 2 bed, 1 bath, 700 SqFt

    Total: 6 bed, 4 baths and 2,350 SqFt, Lot 30,492 (.7 acre)

  • Condition

    Flip or great opportunity for a buy and hold with 3 houses and .7 acres of land.

    Flip with estimated $192,000 in profit

    Hold with lots of options. Short-term rental. Mid-term rental. Student housing. Section 8.

    Monthly rent based on current Weld County Section 8 payments would be $4,404/mo or $52,848 annually.

    1 Bedroom $1,063/mo

    2 Bedroom $1,380/mo

    3 Bedroom $1,961/mo

    Two of the houses could be rented as is (for less) or generate higher/section 8 rent with updates. One of the houses is in the process of being renovated, no additional work will be completed. Needs to be finished out.

  • Numbers & Dates

    Numbers
    HOA: No
    Taxes: $1,053 (2022)
    Rental Income: $52,848
    Repairs: $50,000-$125,000
    ARV: $600,000
    Asking: $215,000

    Dates
    Investor Inspection: By Appointment Through Friday 1/26 at 3:00PM
    Closing: 2/2/24
    Possession: 2/2/24

    Contact
    Amy McCraken
    AMcCraken@JoeHomeBuyer.com
    303-478-7895

    *HOA, Taxes, LTR, STR, Repairs, ARV and any other figures are estimates. BTVA.

*DISCLOSURE*
JOE HOMEBUYER IS EXPLORING ALL OPTIONS WITH THIS AGREEMENT. AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY. WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME.