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Multifamily

Bears Village

509 18th St, Greeley, CO 80631

Listing Price: $16,250,000

Cap Rate
5.57%
Number of Units
98
GRM
12.10
Price/Unit
$165,816
Price/Gross SF
$192.25
Gross SF
84,525

Investment Overview

Marcus & Millichap is pleased to present The Bears Village Apartments, a 98-unit multifamily
community in Greeley, Colorado. The property consists of 7 buildings that share an expansive
3.86-acre lot and offer an attractive composition of all two-bedroom units.

Recently updated building exteriors, manicured grounds, and spacious community courtyards
create a welcoming, family-friendly community.

Units boast generous, livable floor plans, and some have been renovated to include new plank
flooring and carpet as well as updated kitchens. The continuation of unit renovations leaves space
for substantial upside.

Residents enjoy easy access to Greeley’s historic downtown district, the University of
Northern Colorado, the North Colorado Medical Center, and
more everyday amenities.

Investment Highlights

  • Assumable Debt - 3.2% Interest Rate until 2030
  • 8.95% Initial Cash-on-Cash
  • Below Market Rents

Exclusively Listed By

Multifamily

Bears Village

Listing Price: $16,250,000

Cap Rate
5.57%
Number of Units
98
GRM
12.10
Price/Unit
$165,816
Price/Gross SF
$192.25
Gross SF
84,525

Investment Highlights

  • Assumable Debt - 3.2% Interest Rate until 2030
  • 8.95% Initial Cash-on-Cash
  • Below Market Rents

Investment Overview

Marcus & Millichap is pleased to present The Bears Village Apartments, a 98-unit multifamily community in Greeley, Colorado. The property consists of 7 buildings that share an expansive 3.86-acre lot and offer an attractive composition of all two-bedroom units. Recently updated building exteriors, manicured grounds, and spacious community courtyards create a welcoming, family-friendly community. Units boast generous, livable floor plans, and some have been renovated to include new plank flooring and carpet as well as updated kitchens. The continuation of unit renovations leaves space for substantial upside. Residents enjoy easy access to Greeley’s historic downtown district, the University of Northern Colorado, the North Colorado Medical Center, and more everyday amenities.

Exclusively Listed By

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