1429 MEADOW DRIVE

$1,199,000

Fourplex
$1,199,000
4 Parking Spaces

Great opportunity to diversify your portfolio with two Residential Units and two Commercial Units! Sitting on 1.1 acres, this property is located just behind a main intersection in popular Greely, but still maintains an uber flexible VM3 zoning – ideal for a bed & breakfast, day care, home based business, office, brewery, restaurant and training center (the list continues!) Currently valued at a 5.3 cap, this property CASH FLOWS and has all major systems updated and in good health. The main home is a duplex with one 1 Bedroom Unit and one 4 Bedroom Unit with excellent tenants. Outside there is a oversized 3 bay garage currently rented out to a small business, as well as a commercial grade Quonset in the rear of the property also rented out to another small business. If you’ve been looking to get involved in some Commercial Investing then this mixed use building is the perfect start! (id:13118)

Essential Information

Listing #
1322822
Price:
$1,199,000 
Year Built:
1875
Total Bedrooms:
-
Total Bathrooms:
0
Half Baths:
0
Property Type:
Multi-family
Basement:
Crawl space (Not Applicable)
Transaction:
For sale

Property Specifications

Parking Spaces:
4
Maintenance Fees:
 
Heating:
Baseboard heaters, Heat Pump
Cooling:
Central air conditioning
Fireplace Type:
-

Listing Details

Last Updated:
2022, 01 Dec 
Listing Office:
RE/MAX DELTA REALTY TEAM
Virtual Tour:
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