2725 20Th StGreeley, CO 80634

Property Details for 2725 20Th St

Year built

1979

Property size (Sq ft)

18,888 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 24-unit apartment building in Greeley, Colorado, situated on two parcels totaling 45,600 square feet. The property comprises four brick, two-story six-plex buildings constructed between 1979 and 1980, offering a total of 18,888 square feet of living space. Currently operating with a 5.74% cap rate, this Class C multifamily property presents a significant value-add opportunity. The pro-forma cap rate is projected at 6.40%, indicating substantial potential for increased profitability. Located at 2725 and 2715 W 20th St, Greeley, CO 80634, this property benefits from a prime location in West Greeley, surrounded by townhomes and single-family residences, ensuring high visibility and convenient access to shopping and parks. The property is zoned R-H, and the asking price is $4,700,000, translating to $195,833 per unit. The current net operating income (NOI) is strong, but below-market rents offer a clear path to increase revenue through rent adjustments and the implementation of utility reimbursement programs. This is a rare chance to acquire a well-maintained, multi-unit property with significant upside potential in a desirable location.

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.4068

Longitude

-104.727

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