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2113-2139 28th St 2113 28th St 14 Unit Apartment Building $2,411,465 CAD ($172,247 CAD/Unit) 7.49% Cap Rate Greeley, CO 80631
Investment Highlights
- With the majority of units unrenovated, future updates provide a straightforward opportunity to increase rents and unlock dependable income growth in
- Walkable to retail hubs like Greeley Mall and Centerplace, and minutes from job centers including JBS, Banner Health, Leprino, and UNC—driving steady
Executive Summary
Marcus & Millichap is pleased to present 2113-2139 28th St, a 14-unit investment opportunity in Greeley, CO. This property features 2 Bed, 1.5 Bath Townhome-style units with in-unit washer/dryer, allowing the opportunity to increase rents above 2-bedroom comparables in the area. With 2 units featuring recently renovated, investors have the stability of proven rents, with 12 units presenting a value-add opportunity.
This multifamily property offers residents immediate access to nearby retail hubs such as the Greeley Mall and Centerplace of Greeley. Major employment centers are within commuting distance, including JBS USA, Banner Health, Leprino Foods, and the University of Northern Colorado, while U.S. Highway 34 and U.S. Route 85 provide straightforward commuter routes.
This multifamily property offers residents immediate access to nearby retail hubs such as the Greeley Mall and Centerplace of Greeley. Major employment centers are within commuting distance, including JBS USA, Banner Health, Leprino Foods, and the University of Northern Colorado, while U.S. Highway 34 and U.S. Route 85 provide straightforward commuter routes.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,411,465 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $172,247 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.72 AC |
| Cap Rate | 7.49% | Building Size | 13,260 SF |
| No. Units | 14 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Zoning | PUD, Greeley | ||
| Price | $2,411,465 CAD |
| Price Per Unit | $172,247 CAD |
| Sale Type | Investment |
| Cap Rate | 7.49% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 13,260 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | PUD, Greeley |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | $1,784 CAD | 800 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $170,343 CAD | |
| Land Assessment | $81,176 CAD | Total Assessment | $251,519 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$81,176 CAD
Improvements Assessment
$170,343 CAD
Total Assessment
$251,519 CAD
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2113-2139 28th St | 2113 28th St
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