1509 3rd Ave - Apartments FOR SALE


Greeley, CO 80631
$1,360,000 USD
303-512-1167
1509 3rd Ave, Greeley, CO for Sale
$1,360,000 USD
Apartments - FOR SALE
1/8
null | 6.87% Cap Rate

1509 3rd Ave
Greeley, CO 80631


OVERVIEW

Conveniently situated less than half a mile from the University of Northern Colorado, 1509 3rd Ave in Greeley is a 8-unit apartment building, including eight one-bedroom, one-bathroom residences. Built in 1973 with classic brick construction and a composition shingle pitched roof, this property has undergone a complete renovation, featuring updated flooring, cabinets, countertops, and bathrooms. The property was improved with several capital expenditure upgrades over the last year with new windows, a refreshed painted exterior, new parking lot, and perimeter fence. Each unit boasts individual AC units for personalized comfort. With its prime location 1509 3rd Ave presents a turnkey investment opportunity with immediate cashflow.

FOR SALE DETAILS

PRICE

$1,360,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

8

PRICE/UNIT

$170,000

CAP RATE

6.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,548 SF

ZONING

R-H

APN/PARCEL ID

096108125018

ASK ABOUT THIS PROPERTY

William McCauleyUnique Properties, Inc.More Info
303-512-1167

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William McCauleyUnique Properties, Inc.More Info
303-512-1167

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.