1824 13th Ave - Apartments FOR SALE


Greeley, CO 80631
$840,000 USD
303-881-4291
1824 13th Ave, Greeley, CO for Sale
$840,000 USD
Apartments - FOR SALE
1/8
null | 5.9% Cap Rate

1824 13th Ave
Greeley, CO 80631


HIGHLIGHTS

  • On-site coin-operated laundry
  • Located in one of the fastest growing counties in the state
  • Located within walking distance of the University of Northern Colorado
  • Light value-add opportunity
  • Income producing garage

OVERVIEW

CBRE is pleased to present 1824 13th Ave, a six-unit apartment building in Greeley, Colorado. Constructed in 1927, the property has a diverse mix of one, two and three-bedroom units. The building features on-site storage, and income-producing garage and coin-operated laundry. The property is located on a large corner lot on a quiet residential street, within walking distance of the University of Northern Colorado. The units have been updated over time, and the property has a class four impact-resistant roof. Through targeted unit updates and renovations, investors can increase rental rates and capitalize on potential storage income to increase net operating income further. Additionally, the University of Northern Colorado's new College of Osteopathic Medicine will significantly benefit the city of Greeley. Establishing an even stronger medical presence in the city will continue to attract top-tier faculty and researchers, boosting Greeley's intellectual and economic vitality. The college will also create new jobs and stimulate local businesses. According to a recent economic impact study by Lightcast, it is projected to boost Colorado's economy by $1.4 billion over the next 20 years and generate $84 million in taxpayer benefits. Furthermore, the increased access to high-quality medical education and healthcare services will enhance the overall quality of life for Greeley residents, making 1824 13th Ave and its ideal location a promising investment opportunity now and for years to come.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

6

PRICE/UNIT

$140,000

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

R3184486

ASK ABOUT THIS PROPERTY

303-881-4291

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303-881-4291

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