3550 W 24th St, Greeley, CO 80634

$3,625,000

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List Price
$3,625,000
Status
ACTIVE
MLS#
1071440
Year Built
2002
Region
Greeley/Weld
Subdivision
Bluejay Way

Property Description

PRIME GREELEY MULTI-FAMILY FIVE TURNKEY 4-PLEXES Incredible multi-family investment opportunity featuring five separate four-plex buildings (20 total units) generating a strong 7.5% cap rate. Constructed in 2002, these highly rentable 2-bedroom apartments feature modern layouts complete with two bathrooms (one primary and one main bath). They offer exceptional acquisition flexibility, as the seller is willing to sell the buildings individually, in packages of two or three, or five buildings as a complete 20-unit complex. Each unit is individually metered, providing a highly efficient, low-overhead management structure for the owner. The hoa is $100 per unit and covers the lawn care, snow removal, parking area, trash and common utilities. The property features an unbeatable central location with excellent walkability, sitting just minutes from shopping and dining at Westlake Village and CenterPlace of Greeley, and steps from outdoor recreation at Sanborn Park. Boasting swift commutes via the nearby Highway 34 corridor and dedicated off-street parking, this well-maintained asset ensures low vacancy and stable returns in a high-demand Northern Colorado rental market

Additional Information

Taxes
$19,685
School District
Greeley 6
Elementary School
Meeker
Middle School
Brentwood
High School
Greeley West
Heating
Forced Air
Cooling
Central Air
Utilities
Natural Gas Available, Electricity Available, Cable Available, Satellite Internet Available, High Speed Internet Available
Tenant Pays
Gas, Electricity
Zoning
CH

Listing courtesy of Al Detmer.

9703305000

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