2311 W 16th St | Greeley, CO 80634
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2311 W 16th St
Greeley, CO 80634
Longmeadow Apartments · Multifamily Property For Sale
·
244 Units
INVESTMENT HIGHLIGHTS
- Centrally located in Greeley, one of the fastest growing cities in Northern Colorado, with proximity to schools, healthcare, and other amenities.
- Diverse unit mix and spacious floor plans with well-maintained common areas and attractive landscaping.
- Opportunity for significant rental rate growth through capital expenditure investment in common area and interior unit upgrades.
- Strong rental history with a stable tenant base and below-market rents, offering potential for increased rental income and high ROI.
- Surplus on-site parking for residents' convenience.
- Submarket presents opportunity for new owner to offer mix of non-renovated and renovated units to maximize occupancy.
PROPERTY FACTS
| No. Units | 244 | Building Size | 260,652 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1972 |
| Building Class | B | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 9.16 AC |
| No. Units | 244 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 9.16 AC |
| Building Size | 260,652 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built | 1972 |
| Parking Ratio | 1.26/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Range
SITE AMENITIES
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Sauna
- Spa
- Tennis Court
- Gameroom
- Racquetball Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 67 | - | 735 |
| 2+1 | 83 | - | 890 |
| 2+2 | 94 | - | 1,020 - 1,240 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,694,700 | |
| Land Assessment | $90,990 | Total Assessment | $1,785,690 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$90,990
Improvements Assessment
$1,694,700
Total Assessment
$1,785,690
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