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Multifamily

Matek Apartments

1628 9th Ave, Greeley, CO 80631

Listing Price: $3,500,000

Cap Rate
5.31%
Number of Units
24
GRM
10.27
Occupancy
95.0%
Price/Unit
$145,833
Price/Gross SF
$152.37
Gross SF
22,970

Investment Overview

Marcus & Millichap is pleased to present Matek Apartments, located at 1628 9th Avenue in Greeley, Colorado. Matek Apartments is a vintage 24-unit multifamily asset situated
on .41 acres built in 1966. The property consists of 14 one-bedroom units and 10 two-bedroom units. With 13 recently remodeled bathrooms, there remains an additional value-
add opportunity and ample rent increases. Located in close proximity to the University of Northern Colorado, the property has 19,550 rentable square feet, making it a perfect
choice for UNCO students and employees alike. Additionally, Greeley and the surrounding area offers an abundance of opportunities for employment and convenient transporation
access, as well as a vibrant social scene and a variety of dining and nightlife options.

Investment Highlights

  • Value Add Opportunity
  • Adjacent to UNC Campus
  • Loan Options with 5+ Years I.O.

Exclusively Listed By

Financing By

Multifamily

Matek Apartments

Listing Price: $3,500,000

Cap Rate
5.31%
Number of Units
24
GRM
10.27
Occupancy
95.0%
Price/Unit
$145,833
Price/Gross SF
$152.37
Gross SF
22,970

Investment Highlights

  • Value Add Opportunity
  • Adjacent to UNC Campus
  • Loan Options with 5+ Years I.O.

Investment Overview

Marcus & Millichap is pleased to present Matek Apartments, located at 1628 9th Avenue in Greeley, Colorado. Matek Apartments is a vintage 24-unit multifamily asset situated on .41 acres built in 1966. The property consists of 14 one-bedroom units and 10 two-bedroom units. With 13 recently remodeled bathrooms, there remains an additional value- add opportunity and ample rent increases. Located in close proximity to the University of Northern Colorado, the property has 19,550 rentable square feet, making it a perfect choice for UNCO students and employees alike. Additionally, Greeley and the surrounding area offers an abundance of opportunities for employment and convenient transporation access, as well as a vibrant social scene and a variety of dining and nightlife options.

Exclusively Listed By

Financing By

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