Chateau Terrace | 1650 29th Avenue Pl
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Chateau Terrace 1650 29th Avenue Pl
13 Unit Apartment Building $2,700,000 ($207,692/Unit) 5.57% Cap Rate Greeley, CO 80634
Executive Summary
Chateau Terrace is a newly renovated multifamily asset, perfectly positioned in the heart of West Greeley, Colorado. This modernized apartment community provides unparalleled access to Greeley’s premier amenities. The surrounding area boasts diverse retail and business districts, charming historic parks, convenient access to major interstate highways and main city streets, and a wide array of entertainment options. The building showcases a sophisticated exterior renovation, featuring fresh paint, upgraded stairways, a resurfaced parking lot, a new roof, and upgraded boiler. Inside, Chateau Terrace offers an exquisite mix of unit types: one studio, two 1-bed/1-bath units, and ten spacious 2-bed/1.5-bath units. Each residence exudes contemporary design and ensures maximum comfort, boasting high-end stainless-steel appliances, quartz countertops, new bathrooms, recently replaced windows and flooring, beautifully renovated patios, and convenient in unit laundry facilities.
Property Facts
| Price | $2,700,000 | Property Subtype | Apartment |
| Price Per Unit | $207,692 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 5.57% | Building Size | 14,032 SF |
| Gross Rent Multiplier | 12.61 | No. Stories | 3 |
| No. Units | 13 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 1.71/1,000 SF |
| Price | $2,700,000 |
| Price Per Unit | $207,692 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 12.61 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 14,032 SF |
| No. Stories | 3 |
| Year Built | 1979 |
| Parking Ratio | 1.71/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | - | - |
| 1+1 | 2 | - | - |
| Studios | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | R2290486 | Improvements Assessment | $86,030 |
| Land Assessment | $6,430 | Total Assessment | $92,460 |
PROPERTY TAXES
Parcel Number
R2290486
Land Assessment
$6,430
Improvements Assessment
$86,030
Total Assessment
$92,460
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Chateau Terrace | 1650 29th Avenue Pl
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