1815-1817 28th St | Greeley, CO 80631
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1815-1817 28th St
Greeley, CO 80631
Multifamily Property For Sale · 12 Units
Investment Highlights
- Consistant rental history
- Brick exterior for low maintenance
- All 12 units are 2 bdrm/ 1 bath
Executive Summary
Discover a prime investment opportunity with this meticulously maintained 12-plex apartment building featuring a consistent rental history and a strong tenant base. Each of the 12 units has 2 bedrooms/1 bath. With a proven track record of high occupancy rates, this building has demonstrated reliable cash flow and offers an attractive return on investment. Units have been updated with all interior doors, sliding glass patio doors, all new JELD-WEN windows, updated decks and railings, updated interior and exterior paint, and carpet. Units on the lower level have ceramic tile throughout. Brick exterior for low maintenance. All units have central air/heat, and there is a coin-operated washer and dryer for tenant use and extra income. Two large parking lots provide ample parking for tenants and guests.
One unit is being kept vacant for showings. Potential revenue based on current leases plus anticipated rate for new leases based on most recent lease. Listing agent must be present for showings.
One unit is being kept vacant for showings. Potential revenue based on current leases plus anticipated rate for new leases based on most recent lease. Listing agent must be present for showings.
PROPERTY FACTS
| Price Per Unit | $175,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.07% | Lot Size | 0.61 AC |
| Gross Rent Multiplier | 12.12 | Building Size | 10,692 SF |
| No. Units | 12 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| Gross Rent Multiplier | 12.12 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 10,692 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1971 |
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | R3636286 | Improvements Assessment | $117,440 |
| Land Assessment | $7,990 | Total Assessment | $125,430 |
PROPERTY TAXES
Parcel Number
R3636286
Land Assessment
$7,990
Improvements Assessment
$117,440
Total Assessment
$125,430
zoning
| Zoning Code | R-H |
| R-H |
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