1626 6th
FHA Assumable
3.76% Rate
50 photos
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1626 6th

Greeley, CO 80631

4
Bedrooms
2
Bathrooms
1,044
Sq Ft

Payment Calculator

$6,920per month

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$53,750
$53,750$769,447
Secondary Financing8.5% Rate
$715,697
Blended rate7.08% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$6,455/mo
Assumable @ 3.76% + gap
$6,920/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$1,075,000
Assumable Rate
3.76%
Remaining Balance
$305,553
Loan Type
FHA
Est. Equity Gap
$769,447
Annual Taxes
$4,851
HOA/mo
$185

About This Home

This investment opportunity offers a strong, stabilized income-producing asset located in the heart of Greeley. The mobile home park consists of approximately 15 units with long-term tenants, many of whom have occupied the property for years, providing consistent rental income and low turnover. The property generates approximately $118,800 in annual rental income with a net operating income of around $107,229, resulting in an attractive cap rate of 9.9%. This makes it an ideal option for investors seeking immediate cash flow and long-term stability.In addition to its current income, the property sits on approximately 1.09 acres in a rapidly growing area near downtown Greeley, just blocks from UNC, restaurants, and major employers. With continued city growth and increasing property values, this asset presents strong upside potential for future redevelopment, rent increases, or repositioning. Whether maintaining it as a cash-flowing mobile home park or exploring alternative uses, this property offers both stability and growth potential for investors.

Data Source: REcolorado MLS

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$1,075,000
3.76% rateFHASave $4,922/mo

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