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Westview Apartments 2435-2459 W 11th St 40 Unit Apartment Building $5,200,000 ($130,000/Unit) 5.83% Cap Rate Greeley, CO 80634
INVESTMENT HIGHLIGHTS
- Value-add: modest renovations & turnover drive 15%+ levered IRR.
- Rent vs. own advantage: avg. rent $1,348 vs. $2,614 ownership cost; 48% cheaper.
- Current rents avg. $1,144 vs. market $1,348; ~$100–225/unit upside.
EXECUTIVE SUMMARY
Value-add: modest renovations & turnover drive 15%+ levered IRR.
Current rents avg. $1,144 vs. market $1,348; ~$100–225/unit upside.
Rent vs. own advantage: avg. rent $1,348 vs. $2,614 ownership cost; 48% cheaper.
Current rents avg. $1,144 vs. market $1,348; ~$100–225/unit upside.
Rent vs. own advantage: avg. rent $1,348 vs. $2,614 ownership cost; 48% cheaper.
PROPERTY FACTS
| Price | $5,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $130,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.84 AC |
| Cap Rate | 5.83% | Building Size | 38,818 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment |
| Price | $5,200,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 38,818 SF |
| No. Stories | 2 |
| Year Built | 1962 |
AMENITIES
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 34 | - | - |
| 3+1 | 2 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $392,630 | |
| Land Assessment | $19,880 | Total Assessment | $412,510 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$19,880
Improvements Assessment
$392,630
Total Assessment
$412,510
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VIDEOS
MATTERPORT 3D EXTERIOR
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Westview Apartments | 2435-2459 W 11th St
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