Northern Colorado Affordable Portfolio

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.​

💲Accretive Assumable Financing: Three Fannie Mae Loans with a Blended Interest Rate of 3.05%

🏠Strong Historical Occupancy: 100% Occupied with Extremely Low Turnover Rate

📈HAP Contracts In-Place with Annual Automatic OCAF Rent Increases

👨‍👩‍👦‍👦Strong Population Growth: Greeley’s population growth has increased by more than 32% over the last decade compared to the national average of 5.5%.

💵Low Cost Basis: Sub $70K Per Unit & $130 Per Rentable SF at List Price