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Northern Colorado Affordable Portfolio 3 Multifamily Properties Offered at $8,794,296 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- Portfolio benefits from long-term HUD contracts & 100% project-based Section 8 subsidies, providing highly predictable and government-backed income.
- Greeley MSA population surged 32% over the past decade; assets are in a resilient, high-demand rental market with strong job growth and affordability.
- Offered at just $60,577/unit with a 6.28% cap rate, the deal includes assumable financing at a 3.05% int. rate, far below current market debt options.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the Northern Colorado Affordable Housing Portfolio, a collection of three properties located in the Greeley Metropolitan Statistical Area (MSA) along Colorado’s Northern Front Range. This portfolio includes 104 total units spread across the Camelot Apartments, Centennial Village Apartments, and Villa 14 Apartments, with properties situated in Greeley, Evans, and Ault, respectively. The unit mix includes five studio units, 95 one-bedroom units, and four two-bedroom units, with average sizes of 350 sq. ft., 594 sq. ft., and 688 sq. ft. This portfolio is underpinned by HUD contracts, providing guaranteed demand and long-term stability—key factors making it highly attractive to investors amid ongoing economic uncertainty.
DATA ROOM Click Here to Access
- Offering Memorandum
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $8,794,296 CAD | Status | Active |
| Price / SF | $130.18 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.28% | Total Building Size | 67,553 SF |
| Sale Type | Investment | Total Land Area | 7.81 AC |
| Price | $8,794,296 CAD |
| Price / SF | $130.18 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.28% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 67,553 SF |
| Total Land Area | 7.81 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Villa Fourteen
214 Birch Ave, Ault, CO 80610 |
Multifamily | 23,560 SF | 1982 | - |
|
Centennial Village
2205 37th St, Evans, CO 80620 |
Multifamily | 30,520 SF | 1982 | - |
|
Camelot Apartments
1726-1734 8th Ave, Greeley, CO 80631 |
Multifamily | 13,473 SF | 1939 | - |
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Northern Colorado Affordable Portfolio
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