This specialty property, a frat house, offers high income, the benefit of a single joint and several net lease with 11 co-signers. If you think such a property presents risk, think again. The joint and several lease provides much greater security than a comparable property like a 4-plex. The bottom line, the property offers unique security of the income stream compared to conventional housing products. The 3.625% loan is fully assumable with fixed interest through September 2027, and with interest rate stops to ensure that the interest will not spike with the increase. Give us a call for your personal tour of this great asset.
For sale
$1,124,000
1602 11th Avenue, Greeley, CO 80631
22beds
8baths
5,105sqft
Est.:
Duplex
Built in 1915
-- sqft lot
$-- Zestimate®
$220/sqft
$-- HOA
What's special
High incomeJoint and several lease
- 40 days
- on Zillow |
- 286 |
- 13 |
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