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2122 28th Ave

Multifamily | 8 Units | $325,000/unit

Listing Contacts

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Active

Asking Price: $2,600,000
Address 

2122 28th Ave, Greeley, CO 80634

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Date Added
Aug 2, 2024
Days on Market
227 days
Time Since Last Update
88 days

Details

Property TypeMultifamily
SubtypeApartment Building
Square Footage13,600
Price/Sq Ft$191.18
Cap Rate6.26%
Pro-Forma Cap Rate8.27%
NOI$162,886
Pro-Forma NOI$215,086
Units8
Year Built1983
Lot Size (acres)0.46
Price/Unit$325,000

Marketing Description

MMG is pleased to present the opportunity to invest in prime real estate with these newly renovated townhome-style units in Greeley's most desirable neighborhood near Sanborn Park.​ This investment opportunity offers the potential for increasing revenue through raising rents to market rates and implementing a utility billback system.​ With a focus on 3-bedroom, 2-bathroom units, this property offers high rental rates and low vacancies, ensuring steady cash flow for investors.​ Located in the heart of the front range, residents have easy access to shopping, dining, and outdoor activities.​

Investment Highlights

» Fully Renovated, Turn Key Property

» High End Finishes with Washer/ Dryer In-Unit

» Excellent Unit Mix

» Two car garage with additional assigned parking space for each unit, ensuring ample parking for residents

» Private enclosed patio offering additional living space for residents

» Beautiful brick fireplace in each unit adds charm and warmth

» High vaulted ceilings with open layouts create a spacious and inviting atmosphere

» Completely finished basement that can be used as a large bedroom or additional living space, adding versatility to each unit

» A/C in each unit with individually metered gas and electric utilities for tenant conveniences and control

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,886.00
$13,573.83/mo

Valuation Metrics

0
DSCR
6.26%
Cap Rate
6.26%
ROI
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Due Diligence

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Please reach out to the listing contacts for details.

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Listing Contacts

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Broker Information
Broker Name
Adam Riddle
Broker License
CO CO 100024441
Brokerage Name
Capstone Companies
Broker Title
VP & Partner
Brokerage Address
1031 Santa Fe Drive, Denver, United States 80204
Broker Name
Kevin Woolsey
Broker License
CO FA.100079114
Brokerage Name
Capstone Companies
Broker Title
Senior Advisor
Brokerage Address
1031 Santa Fe Drive, Denver, United States 80204
Broker Name
Jason Koch
Broker License
CO CO 100017489
Brokerage Name
MMG
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