Northern Colorado Affordable Portfolio Multi-Family FOR SALE


$6,300,000 USD
303-328-2000
for Sale
$6,300,000 USD
Multi-Family - FOR SALE
1/6
null | 6.28% Cap Rate

Northern Colorado Affordable Portfolio


HIGHLIGHTS

  • Portfolio benefits from long-term HUD contracts & 100% project-based Section 8 subsidies, providing highly predictable and government-backed income.
  • Offered at just $60,577/unit with a 6.28% cap rate, the deal includes assumable financing at a 3.05% int. rate, far below current market debt options.
  • Greeley MSA population surged 32% over the past decade; assets are in a resilient, high-demand rental market with strong job growth and affordability.

OVERVIEW

Marcus & Millichap is pleased to present the Northern Colorado Affordable Housing Portfolio, a collection of three properties located in the Greeley Metropolitan Statistical Area (MSA) along Colorado’s Northern Front Range. This portfolio includes 104 total units spread across the Camelot Apartments, Centennial Village Apartments, and Villa 14 Apartments, with properties situated in Greeley, Evans, and Ault, respectively. The unit mix includes five studio units, 95 one-bedroom units, and four two-bedroom units, with average sizes of 350 sq. ft., 594 sq. ft., and 688 sq. ft. This portfolio is underpinned by HUD contracts, providing guaranteed demand and long-term stability—key factors making it highly attractive to investors amid ongoing economic uncertainty.

ASK ABOUT THIS PROPERTY

Jason HornikMarcus & MillichapMore Info
303-328-2000

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Jason HornikMarcus & MillichapMore Info
303-328-2000

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