2113 28th St - Apartments FOR SALE


Greeley, CO 80631
$2,170,000 USD
303-328-2069
2113 28th St, Greeley, CO for Sale
$2,170,000 USD
Apartments - FOR SALE
1/3
null | 6.94% Cap Rate

2113 28th St
Greeley, CO 80631


HIGHLIGHTS

  • The property offers a 6.94% cap rate in Year 1, supported by stable occupancy and large two-bedroom townhome units that attract long-term renters and
  • With the majority of units unrenovated, future updates provide a straightforward opportunity to increase rents and unlock dependable income growth in
  • Walkable to retail hubs like Greeley Mall and Centerplace, and minutes from job centers including JBS, Banner Health, Leprino, and UNC—driving steady

OVERVIEW

Marcus & Millichap is pleased to present 2113-2139 28th St, a 14-unit investment opportunity in Greeley, CO. This property features 2 Bed, 1.5 Bath Townhome-style units with in-unit washer/dryer, allowing the opportunity to increase rents above 2-bedroom comparables in the area. With 2 units featuring recently renovated, investors have the stability of proven rents, with 12 units presenting a value-add opportunity. This multifamily property offers residents immediate access to nearby retail hubs such as the Greeley Mall and Centerplace of Greeley. Major employment centers are within commuting distance, including JBS USA, Banner Health, Leprino Foods, and the University of Northern Colorado, while U.S. Highway 34 and U.S. Route 85 provide straightforward commuter routes.

FOR SALE DETAILS

PRICE

$2,170,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

14

PRICE/UNIT

$155,000

CAP RATE

6.94%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2113-2139 28th St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,581 SF

ZONING

PUD, Greeley

APN/PARCEL ID

R3634386

ASK ABOUT THIS PROPERTY

David BomgaarsMarcus & MillichapMore Info
303-328-2069

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David BomgaarsMarcus & MillichapMore Info
303-328-2069

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.