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621 13th St 5 Unit Apartment Building $816,621 CAD ($163,324 CAD/Unit) 9.26% Cap Rate Greeley, CO 80631
Investment Highlights
- Walkablity
- Hardwood Floors
- Natural Light
Executive Summary
**Prime investment opportunity** Looking for a multifamily investment that actually makes money? Welcome to 621 13th Street - a fully occupied 5-unit property sitting in the heart of Greeley, where the tenants are long-term, the rent checks are consistent, and the headaches are remarkably few.This cash-flowing gem features a mix of one and two-bedroom units, all currently occupied by real humans who actually pay their rent on time. (Yes, those exist.) Whether you're a seasoned investor or just tired of the stock market, this one pencils out beautifully from day one.The building just received a fresh coat of paint, the roof is solid and drama-free, and the front yard is fully xeriscaped - because nobody has time for a city notice about weeds and dead grass. No value-add story needed. No lease-up risk. No vacant units staring back at you from a pro forma. Just five happy tenants, strong cash flow, and a property that's ready to go to work for its next owner.Opportunities like this don't grow on trees - but they do apparently grow on 13th Street.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$101,403
|
$28.39
|
| Other Income |
$1,385
|
$0.39
|
| Vacancy Loss |
$3,042
|
$0.85
|
| Effective Gross Income |
$99,746
|
$27.92
|
| Taxes |
$4,543
|
$1.27
|
| Operating Expenses |
$19,602
|
$5.49
|
| Total Expenses |
$24,145
|
$6.76
|
| Net Operating Income |
$75,601
|
$21.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $101,403 |
| Annual Per SF | $28.39 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,385 |
| Annual Per SF | $0.39 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,042 |
| Annual Per SF | $0.85 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,746 |
| Annual Per SF | $27.92 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,543 |
| Annual Per SF | $1.27 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,602 |
| Annual Per SF | $5.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,145 |
| Annual Per SF | $6.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $75,601 |
| Annual Per SF | $21.16 |
Property Facts
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Hardwood Floors
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,846 CAD | - |
| 2+1 | 3 | $1,598 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R3247386 | Total Assessment | $46,625 CAD (2026) |
| Land Assessment | $5,780 CAD (2026) | Annual Taxes | $4,543 CAD ($1.27 CAD/SF) |
| Improvements Assessment | $40,845 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
R3247386
Land Assessment
$5,780 CAD (2026)
Improvements Assessment
$40,845 CAD (2026)
Total Assessment
$46,625 CAD (2026)
Annual Taxes
$4,543 CAD ($1.27 CAD/SF)
Tax Year
2025
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NoCo Nest Real Estate
621 13th St
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