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
- 57 days
- on Zillow |
- 259 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 06:28pm
Listed by:
William Sheridan 720-900-5872 william@sfinvest.com,
SFinvest Real Estate
Source: REcolorado,MLS#: 5767539

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 8
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Range, Washer
- Laundry: In Unit
Features
- Basement: Finished
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,105
- Total interior livable area: 5,105 sqft
- Finished area above ground: 3,450
- Finished area below ground: 1,655
Property
Parking
- Total spaces: 11
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch
- Exterior features: Private Yard
- Fencing: None
Lot
- Size: 10,018.8 Square Feet
- Features: Corner Lot
Details
- Parcel number: R3283186
- Zoning: R-H
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Brick, Frame
- Foundation: Concrete Perimeter
Condition
- Updated/Remodeled
- Year built: 1915
Utilities & green energy
- Electric: 110V, 220 Volts
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Community & HOA
Community
- Subdivision: University District
HOA
- Has HOA: No
Location
- Region: Greeley
Financial & listing details
- Price per square foot: $220/sqft
- Tax assessed value: $601,069
- Annual tax amount: $3,241
- Date on market: 7/2/2025
- Listing terms: Cash
- Exclusions: Tenant Personal Property. Possession Subject To Existing Tenant Lease.
- Ownership: Corporation/Trust
- Tenant pays: Cable TV, Electricity, Gas, Grounds Care, Internet, Telephone, Trash Collection, Water
- Electric utility on property: Yes
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