$400,000
●
Land -
For Sale
2904 W 16th St
Greeley, CO 80634
Studio
0 Bath
$2,164
Est. Monthly
About This Property
Excellent opportunity for small scale residential infill project
near many amenities including schools, parks, retail & hospital.
Near significant regional healthcare facilities including Banner
North Colorado MedicalCenter and Centennial Health Care facility.
Zoning provides for multi-family residential living in a
moderate-density pattern in suburban neighborhoods or
higher-density. Sale price includes Seller's Due Diligence to help
shorten development process. Prior Proposal included 10 attached TH
units. DD materials included: Transportation Study, Drainage
Report, Photometric Site Plan, Landscape Plan, and Townhome
Subdivision Plat. Minerals excluded from sale: 3/4 " water tap &
dedication included.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$200
HOA Dues
-
Year Built
-
Listed By
Jerico Devlin
LC Real Estate Group, LLC
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (IRES MLS #IRE1062590)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 9, 2026 | Listed | $400,000 | |
| Listed | |||
| Apr 3, 2025 | No longer available | - | |
| No longer available | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Feb 15, 2023 | Listed | $300,000 | |
| Listed | |||
| | |||
|
Excellent opportunity for small scale residential infill project near many amenities including schools, parks, retail & hospital. Near significant regional healthcare facilities including Banner North CO Medical & Centennial Health Care. Zoning provides for multi-family residential living in a mod-density pattern in suburban neighborhoods or higher-density. Adjacent building at 1610 29th Ave Pl also available with in-place income. Secondary access easement available over 1610 29th Ave Pl if not purchased together. Minerals excluded; 3/4" water tap & dedication included.
| |||
| Mar 30, 2017 | Sold | ||
| Sold | |||
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Property Highlights
Exterior Details
Lot Features: Level, Paved, Gutters, Sidewalks, Street Light, No Improvements
Lot Size Area: 43560
Lot Size Units: Square Feet
Lot Size Acres: 1
Lot Size Square Feet: 43560
Water Source: City
Financial Details
Tax Annual Amount: $2,398
Utilities Details
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Greeley
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Listed by: Jerico Devlin,
Last Updated: 4 months ago
Data Source: IRES MLS, MLS# IRE1062590
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Last Updated: 4 months ago
Data Source: IRES MLS, MLS# IRE1062590
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