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Multifamily

Cedars on 2nd

1901 2nd St, Greeley, CO 80631

Listing Price: $3,840,000

Cap Rate
3.86%
Number of Units
24
Price/Unit
$160,000
Price/Gross SF
$192.00
Gross SF
20,000

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.

Investment Highlights

  • 24 Spacious, Well-Laid Out Two-Bedroom/One-Bathroom Units Across Three Buildings on Three Adjacent & Contiguous Parcels
  • Built in 1972: Low Maintenance and High Quality Exterior Construction
  • Opportunity to Raise Rents with no Capital Investment Required

Exclusively Listed By

Financing By

Multifamily

Cedars on 2nd

Listing Price: $3,840,000

Cap Rate
3.86%
Number of Units
24
Price/Unit
$160,000
Price/Gross SF
$192.00
Gross SF
20,000

Investment Highlights

  • 24 Spacious, Well-Laid Out Two-Bedroom/One-Bathroom Units Across Three Buildings on Three Adjacent & Contiguous Parcels
  • Built in 1972: Low Maintenance and High Quality Exterior Construction
  • Opportunity to Raise Rents with no Capital Investment Required

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.

Exclusively Listed By

Financing By

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