For Sale
$3,179,000

5750 20Th StGreeley, CO 80634

11-Unit Townhome Portfolio, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents an 11-unit multifamily portfolio located at 5750 W 20th St, Greeley, CO 80634. Comprising two quadplexes and one triplex, this property boasts 12,903 square feet of well-maintained townhome-style units, each featuring two bedrooms and two-and-a-half bathrooms. Built in 1988, these units offer a blend of established infrastructure and significant upside potential. The portfolio benefits from its prime location in West Greeley, a desirable residential area with convenient access to retail amenities, schools, parks, and entertainment options. Each unit includes one parking space. The current asking price is $3,179,000, representing a price per unit of $289,000 and a price per square foot of $246.38. The property currently generates a Net Operating Income (NOI) of $109,377, translating to a 3.44% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $129,042 and a 4.06% cap rate, indicating substantial room for improvement and increased profitability. The property is part of a well-managed HOA encompassing 20 buildings and 29 units within the development, ensuring a cohesive and well-maintained community. The unique structure of this portfolio, combining triplex and quadplex buildings, presents a compelling opportunity for value enhancement through individual unit renovations and potential resale as separate townhomes. This presents a strong value-add opportunity for discerning investors seeking a high-return multifamily investment in a thriving Colorado market.

Highlights

  • 11-unit multifamily portfolio in desirable West Greeley, CO.
  • 12,903 sq ft, comprised of two quadplexes and one triplex; all units are two-bedroom, two-and-a-half-bath townhome-style.
  • Built in 1988, offering value-add potential through renovations.
  • Asking price: $3,179,000 ($289,000/unit, $246.38/sq ft); current NOI: $109,377 (3.44% cap rate); pro-forma NOI: $129,042 (4.06% cap rate).
  • One parking space per unit; part of a well-managed HOA.

Property Details for 5750 20Th St

Property type
Residential income homes
Square Feet
12,903 SF
Year Built
1988
Buildings
2
Stories
2
Units
11

Location Insight

City
Greeley
County
Weld
State
Colorado
Latitude
40.406618522897
Longitude
-104.77177479449
5750 20Th St, Greeley, Colorado

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5750 20Th St
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