2947 Glendale Dr - Apartments FOR SALE


Evans, CO 80620
$780,000 USD
303-521-3648
2947 Glendale Dr, Evans, CO for Sale
$780,000 USD
Apartments - FOR SALE
1/13
null | 7.04% Cap Rate

2947 Glendale Dr
Evans, CO 80620


HIGHLIGHTS

  • MOTIVATED SELLER - BRING ANY AND ALL OFFERS 
  • Just 1 mile south of the University of Northern Colorado
  • Less than a mile east of Greeley Mall
  • New roof, new gutters, new boiler, new exterior stairwells, and updated landscaping.

OVERVIEW

MOTIVATED SELLER - BRING ANY AND ALL OFFERS 2947 Glendale Drive is a six-unit multifamily property located in Evans, Colorado. The unit mix consists of one 1 bed 1 bath unit, as well as five 2 bed 1 bath units. The property features several recent upgrades, including a new roof, new gutters, new boiler, new exterior stairwells, and updated landscaping. The investment opportunity sits just 1 mile south of the University of Northern Colorado, and less than a mile east of Greeley Mall. With an in-place cap rate of 7.04%, this property already offers solid returns. Additionally, further interior and exterior renovations, including updating the five unrenovated units, present an opportunity to significantly raise rents, potentially driving returns to an approximate 9% cash-on-cash return. This makes 2947 Glendale Drive a great investment for value-add investors.

FOR SALE DETAILS

PRICE

$780,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

6

PRICE/UNIT

$130,000

CAP RATE

7.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

R3879186

ASK ABOUT THIS PROPERTY

Greg KnottUnique Properties, Inc.More Info
303-521-3648

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Greg KnottUnique Properties, Inc.More Info
303-521-3648

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