2916-2924 Glen Dale Dr - Apartments FOR SALE


Evans, CO 80620
$2,400,000 USD
303-962-9566
2916-2924 Glen Dale Dr, Evans, CO for Sale
$2,400,000 USD
Apartments - FOR SALE
1/9
null | 5.87% Cap Rate

2916-2924 Glen Dale Dr
Evans, CO 80620


HIGHLIGHTS

  • Well-Maintained 18 Unit Property in Evans, CO
  • Value-Add Upside Through Additional Unit Renovations
  • Less Than One Mile to the University of Norther Colorado
  • 5 Minutes to the Greeley Mall
  • Ideal Unit Mix with 15 - 2Br/1Ba and 3 - 1Br/1Ba Units
  • Just $133,333/unit for Mostly 2 Bedroom Units!

OVERVIEW

The Glendale Apartments is an 18 unit (3 – six unit buildings), value-add apartment complex located in Evans, CO. This well-maintained asset offers investors the opportunity to add additional value through a proven renovation strategy and acquire the property at a basis well below replacement cost. All 18 units are individually deeded, offering an investor additional flexibility on the backend.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

18

PRICE/UNIT

$133,333

CAP RATE

5.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glendale Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

Residential, Evans

APN/PARCEL ID

096120225010

ASK ABOUT THIS PROPERTY

Chris KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9566

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Chris KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9566

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