1817 28Th StGreeley, CO 80631

Property Details for 1817 28Th St

Year built

1971

Lot size

0.61 AC

Property size (Sq ft)

10,692 SF

Property type

Apartment buildings

Description

This exceptional 12-unit apartment building presents a compelling investment opportunity in Greeley, Colorado. Located at 1817 28th St, this two-story, Class B property boasts 10,692 square feet on a 0.61-acre lot (APN: 096118318025). Built in 1971, the building features a desirable mix of updated and well-maintained units. Recent renovations include new JELD-WEN windows, updated interior and exterior paint, new interior doors, sliding glass patio doors, updated decks and railings, and new carpet. Lower-level units offer ceramic tile flooring. All units include central air/heat, and a coin-operated laundry provides additional income. The brick exterior ensures low maintenance. Ample parking is available with two spaces per unit across two large lots. The property enjoys a strong rental history, high occupancy rates, and a stable tenant base, generating a Net Operating Income (NOI) of $149,821 and a 7.13% cap rate. The asking price is $2,100,000. Utilities are separately metered for gas and electricity. City water and sewer services are available. The property is zoned R-H and includes a full, mostly finished basement. Mineral rights are excluded. Financing options include cash, conventional loans, and 1031 exchanges. Seller disclosures, including lead paint disclosure, are available. Flood risk is minimal.

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.3926

Longitude

-104.709

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