1601 27th Ave, Greeley, CO 80634

5 bd | 3 ba | 3,556 sqft
The Property
Here is a Fantastic opportunity in the sought-after Rolling Hills subdivision! Nestled on a corner lot on a CUL-DE-SAC! Assumable interest rate (FHA Loan) You’ll love the ample concrete pad added in 2020 – perfect for extra parking, RV storage, or recreational vehicles and the fact that there’s NO HOA to worry about! Located near the newly built Greeley West High School, this home is priced to sell and needs some TLC in the basement to make it shine!
The backyard can be an entertainer’s dream with a Trex deck and new fencing installed in 2020. A sprinkler system makes yard maintenance easy, and the home’s exterior has been freshly painted (2020). Electric space heater in the garage. 220V Outlet hookup in garage.
The window is getting replaced in bedroom 3. The roof was updated in 2021, and there’s a shed (2019) for additional storage. Inside, the home is ready for your personal touch! The kitchen cabinets were updated in 2018, and the flooring is less than 10 years old. Windows were replaced in 2016, and major systems like the AC and furnace are only a few years old (2019). The appliances are from 2017, offering peace of mind for years to come.
Why Coliving?
Co-living can boost your existing property’s value with higher total rents -vs- traditional rentals. It eliminates complete vacancies leading to more consistent income and shared utilities & amenities let you tap into economies of scale. Co-living is a fast-growing market because it provides affordability, flexibility, and a sense of community for residents.
The Plan
We’re converting this 5-bedroom, 3-bathroom house into a 9-bedroom, 3-bathroom house and renting it by the room. The plan is to hold for cash flow until there is significant equity then look at selling. (We estimate holding for 7-10 years)
The Numbers
$408,094 Purchase
$99,920 Total Entry Fee to get Stabilized
39% Cash on Cash Return Before Splits
$39,438 Annualized Income
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Interested?
Please schedule a call with our team ASAP to discuss acquiring this deal. Our deals usually go quickly, so please schedule with us now if interested.
Book a call with me at -> https://hybridrealestateinvesting.com/call or fill out the form below and we’ll be in touch.
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