1117 16th St, Greeley, CO 80631

Property Description

Character, cash flow, and location, this 1914 craftsman home on 16th St delivers all three. Situated in the heart of Greeley just blocks from Banner North Colorado Medical Center, minutes from the University of Northern Colorado, and a short stroll to downtown, single-family home has been operating as a STR and MTR two unit generating a combined $5,000-$7,000 per month in gross revenue. Whether you're a house hacker, a multigenerational family, or a pure investor, the numbers and the bones here are hard to beat. The upper unit has craftsman details, gorgeous hardwood floors, a large living room with a wood fireplace, three bedrooms, a full bathroom, and an eat-in kitchen full of natural light. The lower unit offers its own fully private setup with a separate exterior entrance, three bedrooms, a full bathroom, a kitchen, and a shared laundry room - everything a tenant needs to live completely independently. At $2,000-$3,000 per month on average, it's a strong income contributor. For multigenerational families, this layout is purpose-built. Everyone stays connected without sacrificing privacy or independence. For the house hacker, living upstairs in one of Greeley's most charming craftsman units while the lower unit covers most or all of the mortgage is an easy story to tell. A detached one-car garage with alley access, mature landscaping, and a well-maintained lot rounds out the exterior. The property is well-kept and move-in ready with no major deferred maintenance, and a brand-new sewer line making it a true turnkey property in one of northern Colorado's most in-demand rental corridors. Steps from Banner North Colorado Medical Center and minutes from UNC and downtown Greeley, this location consistently attracts tenants and guests. Easy access to US-34 and US-85 connects residents to the broader Front Range in minutes.