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1412 10th Street

Multifamily | 10 Units | $200,000/unit

Listing Contacts

Active

Asking Price: $2,000,000
Address 

1412 10th St, Greeley, CO 80631

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Date Added
Mar 13, 2025
Days on Market
39 days
Time Since Last Update
7 days

Details

Property TypeMultifamily
SubtypeApartment Building
Square Footage13,281
Price/Sq Ft$150.59
Cap Rate5.85%
Pro-Forma Cap Rate6.41%
NOI$128,730
Pro-Forma NOI$141,079
Units10
Year Built1996
Buildings1
Stories3
Lot Size (sq ft)18,810
Price/Unit$200,000
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Marketing Description

The Maple Apartments offer an outstanding investment opportunity in the heart of Greeley.​ Built in 1996, this well-maintained 10-unit property features large three-bedroom, two-bathroom units, each including dishwashers, ceiling fans, in-unit washer and dryer hookups, and private decks or patios accessed through sliding glass doors.​ Every unit operates on individual electric and gas meters, ensuring efficiency and convenience for tenants and owners.​ Adding to the property’s value-add potential, The Maples includes 2,200 square feet of storage space on the ground level, offering an exciting opportunity for conversion into one or two additional rental units— maximizing revenue.​ With renovations and cosmetic upgrades, new ownership can drive higher rent potential and increase NOI YOY.​ Current rents sit slightly below market, presenting an immediate opportunity by aligning them with market rates.​ Located just minutes from downtown Greeley and only six blocks from the University of Northern Colorado, The Maple Apartments benefit from strong tenant demand—ideal for families, university-affiliated tenants, and young professionals.​ A great opportunity to acquire a well-positioned asset with room for appreciation and income growth in a thriving rental market.​

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,730.00
$10,727.50/mo

Valuation Metrics

0
DSCR
6.44%
Cap Rate
6.44%
ROI
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