Investment Overview

Marcus & Millichap is pleased to present Cedars on 2nd Apartments, located at 1907 2nd Street in Greeley, Colorado. This property consists of three buildings containing 24 units in total, and is located on a 1.05-acre parcel. Cedars on 2nd offers 24 two-bedroom units. The units at this property offer ample space for parking, with a ratio of 1.38 spaces per unit. Cedars on 2nd is conveniently located just 49 miles from Denver, putting it in the ideal range for anyone seeking a small-town, community-based environment within proximity of Denver. Asking rent has been steadily increasing over the last several years which is reflected by the healthy and growing population found in Greeley, and with the University of Northern Colorado close by there is no shortage of fresh, eager applicants for tenancy on a yearly basis. With these factors in mind, Cedars on 2nd offers an excellent opportunity for an investment with longevity.