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Westview Apartments 2435-2459 W 11th St 40 Unit Apartment Building $5,000,000 ($125,000/Unit) 5.90% Cap Rate Greeley, CO 80634
Executive Summary
Westview Apartments is a well-maintained, low-rise multifamily community located in the heart of Greeley, Colorado. Comprising three two-story apartment buildings constructed in 1962, 1969, and 1970, the property offers a total gross building area of approximately 30,188 square feet.
Constructed with durable wood frame and masonry veneer exteriors, the buildings are topped with pitched composition shingle roofs, contributing to long-term structural resilience and curb appeal. The property benefits from its convenient location in the West submarket, with close proximity to schools, retail centers, and major commuter routes.
The unit mix consists of 40 total apartments, including 4 one-bedroom, one-bath units, 34 two-bedroom, one bath units, and 2 three-bedroom, one-bath units.
Westview Apartments presents a stable investment opportunity in a growing Northern Colorado market with strong demand for quality rental housing. The asset also offers a clear operational upside through the implementation of a Ratio Utility Billing System (RUBS), allowing a future owner to recapture utility expenses and improve net operating income without significant capital investment. This provides an immediate, scalable value-add strategy while maintaining affordability for residents.
Constructed with durable wood frame and masonry veneer exteriors, the buildings are topped with pitched composition shingle roofs, contributing to long-term structural resilience and curb appeal. The property benefits from its convenient location in the West submarket, with close proximity to schools, retail centers, and major commuter routes.
The unit mix consists of 40 total apartments, including 4 one-bedroom, one-bath units, 34 two-bedroom, one bath units, and 2 three-bedroom, one-bath units.
Westview Apartments presents a stable investment opportunity in a growing Northern Colorado market with strong demand for quality rental housing. The asset also offers a clear operational upside through the implementation of a Ratio Utility Billing System (RUBS), allowing a future owner to recapture utility expenses and improve net operating income without significant capital investment. This provides an immediate, scalable value-add strategy while maintaining affordability for residents.
Property Facts
| Price | $5,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.84 AC |
| Cap Rate | 5.90% | Building Size | 38,818 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2.06/1,000 SF |
| Zoning | Resi | ||
| Price | $5,000,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| 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 |
| Parking Ratio | 2.06/1,000 SF |
| Zoning | Resi |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,050 | 550 |
| 2+1 | 34 | $1,109 | 750 |
| 3+1 | 2 | $1,625 | 850 |
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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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Westview Apartments | 2435-2459 W 11th St
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