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1605 11th Ave 4 Unit Apartment Building $875,000 ($218,750/Unit) Greeley, CO 80631
Executive Summary
This rental is in a highly desirable location next to UNC and close to amenities and downtown Greeley. Recently renovated kitchens, common areas, windows, bedrooms and bathrooms. Opportunity for an investor to improve rents and utility reimbursement for additional income. This is a solid cash-flowing investment with a solid history of occupancy and tenants. The “Per Bedroom” price is below market highs at $63,333 for rentals sold in the last several years.
Property Facts
| Price | $875,000 | Building Class | C |
| Price Per Unit | $218,750 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 9,164 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1914/2023 |
| Property Subtype | Apartment |
| Price | $875,000 |
| Price Per Unit | $218,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,164 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1914/2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,000 | 900 |
| 4+1 | 1 | $2,000 | 2,000 |
| 4+2 | 1 | $2,150 | 2,000 |
| 6+2 | 1 | $2,500 | 3,000 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R3157786 | Improvements Assessment | $46,280 |
| Land Assessment | $3,820 | Total Assessment | $50,100 |
Property Taxes
Parcel Number
R3157786
Land Assessment
$3,820
Improvements Assessment
$46,280
Total Assessment
$50,100
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1605 11th Ave
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