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2113-2139 28th St 2113 28th St 14 Unit Apartment Building $2,170,000 ($155,000/Unit) 6.94% Cap Rate Greeley, CO 80631
INVESTMENT HIGHLIGHTS
- The property offers a 6.94% cap rate in Year 1, supported by stable occupancy and large two-bedroom townhome units that attract long-term renters and
- Walkable to retail hubs like Greeley Mall and Centerplace, and minutes from job centers including JBS, Banner Health, Leprino, and UNC—driving steady
- With the majority of units unrenovated, future updates provide a straightforward opportunity to increase rents and unlock dependable income growth in
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 2113-2139 28th St, a 14-unit investment opportunity in Greeley, CO. This property features 2 Bed, 1.5 Bath Townhome-style units with in-unit washer/dryer, allowing the opportunity to increase rents above 2-bedroom comparables in the area. With 2 units featuring recently renovated, investors have the stability of proven rents, with 12 units presenting a value-add opportunity.
This multifamily property offers residents immediate access to nearby retail hubs such as the Greeley Mall and Centerplace of Greeley. Major employment centers are within commuting distance, including JBS USA, Banner Health, Leprino Foods, and the University of Northern Colorado, while U.S. Highway 34 and U.S. Route 85 provide straightforward commuter routes.
This multifamily property offers residents immediate access to nearby retail hubs such as the Greeley Mall and Centerplace of Greeley. Major employment centers are within commuting distance, including JBS USA, Banner Health, Leprino Foods, and the University of Northern Colorado, while U.S. Highway 34 and U.S. Route 85 provide straightforward commuter routes.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,170,000 | Apartment Style | Low-Rise |
| Price Per Unit | $155,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Cap Rate | 6.94% | Building Size | 13,260 SF |
| No. Units | 14 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Zoning | PUD, Greeley | ||
| Price | $2,170,000 |
| Price Per Unit | $155,000 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 13,260 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | PUD, Greeley |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | $1,295 | 800 |
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Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | R3634386 | Improvements Assessment | $53,580 |
| Land Assessment | $3,840 | Total Assessment | $57,420 |
PROPERTY TAXES
Parcel Number
R3634386
Land Assessment
$3,840
Improvements Assessment
$53,580
Total Assessment
$57,420
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2113-2139 28th St | 2113 28th St
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