40.391415 -104.72024
2423 West 29th Street Greeley CO 80631 247765184 40.391415 -104.72024 30105 False 0 3825000.0 18190 101 102 49 50 4795638 False 1994 0.92 0.92

2423 West 29th Street

Greeley, CO 80631 MLS# 4795638

Sold 08/12/19

247765184 True False 40.391415 -104.72024 30105 False 0 3825000.0 18190 101 49 50 4795638 False 0 0
$3,825,000
MLS# 4795638
Sold 08/12/19
  1. Listed on 08/12/19
  • 49 Bedrooms Beds
  • 50 Bath Baths
  • 18,190 Square Feet Sq.Ft
  • 0.92 Acres
  • 1994 Year Built Yr. Built
2423 West 29th Street Greeley, CO 80631 MLS# 4795638
Sold 08/12/19
247765184 40.391415 -104.72024 30105 False 0 3825000.0 18190 101 49 50 4795638 False
$3,825,000
  • 49 Bedrooms
  • 50 Bath
  • 18,190 Square Feet
  • 0.92 Acres
  • 1994 Year Built
  1. Listed on 08/12/19
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Description

This beautifully updated hotel is an ideal home base for Colorado travelers. Located off I-76 and Highway 34, near major intersections of Highway 85 which leads to Cheyenne WY and Denver Metro. Excellent location offers great visibility and easy access to lots of attractions and activities including Greeley Mall, UNC, parks, trails, museums, historic downtown, golf courses, and more. Greeley is a booming town and has been ranked No. 2 in the U.S for career opportunities by Smart Asset, a Financial information website and ranked Weld County No. 1 in Colorado based on growth, GDP growth and federal funding. Do not miss this great opportunity!

Courtesy Of COLDWELL BANKER RES BROKERAGE
Listing Information
  • Property Type: Income
  • Property Subtype: Commercial
  • Style: Multi-Story
  • Building Style: Low Rise (1-3)
  • Locale: Greeley
  • Beds: 49
  • Sq Ft Finished: 18190
  • Sq Ft Above: 18190
  • PSF Above Grade: 210.28
  • PSF Finished: 210.28
  • PSF Total: 210.28
  • Lot Size Sq Ft: 40075.00
  • Total Acres: 0.92
  • PPA: 4157608.70
  • Construction Materials: Brick, Stucco
  • Year Built: 1994
  • Building Name: Super 8 Motel
  • Additional Information: Accessible/Handicap Features, Income History Available, Quick Possession
Interior Features
  • Exclusions: Seller's personal property
  • Flooring: Carpet, Tile Floor
  • Interior Features: Cable Available, Security System, Updated, Window Coverings
Room Details
  • Basement Floor Type: Slab
Parking/Garage
  • Parking Lot
  • Parking Spaces Number Of: 57
  • Parking Type: Parking Lot
  • Parking Total Searchable: 57
  • Total Carport Spaces: 0
  • Total Offstreet Spaces: 57
  • Total Reserved Spaces: 0
  • Total RV Spaces: 0
  • Parking: Driveway-Asphalt
Community/Neighborhood Information
  • Walk Score: 41
Financial Considerations
  • Annual Expenses: 562000
  • Annual Expenses Benefits: 243461
  • Cap Rate: 12.00
  • Gross Income: 1033000
  • Insurance Expense: 25186
  • Maintenance Exp: 6787
  • Net Operating Income: 471000
  • Other Expense: 33667
  • Payroll Annual Expense: 192324
  • Potential Rental Income Annual: 1580000
  • Real Estate Taxes: 59140
  • Tax Amount: 59140.00
  • Tax ID: R0329194
  • Tax Year: 2018
  • Vacancy Credit Losses: 553000
  • Owner Pays Utilities: Electricity, Gas, Insurance, Internet, Maintenance, Phone, Property Tax, Television, Trash, Water
Utilities & Green Home Features
  • Cooling: Air Conditioning-Individual
  • Electric Service: 110V
  • Heating: Wall Heater
  • Heating Fuel: Heat Pump/Thermal
  • Other HVAC: Central Hot Water
  • Utilities: Cable TV, Internet Access (Wired), Telephone
Exterior & Lot Features
  • Zoning: Commercial
  • Construction Type: Brick, Frame
  • Exterior Features: Gutters, Lighting, Sprinkler System
  • Road Surface: Paved Road
  • Roof: Architectural Shingles
Schools Near 2423 West 29th Street Greeley, CO
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