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Multifamily

1632 9th Avenue

1632 9th Ave, Greeley, CO 80631

Listing Price: $1,575,000

Cap Rate
6.28%
Number of Units
7
GRM
12.65
Occupancy
95.0%
Price/Unit
$225,000
Price/Gross SF
$225.00
Gross SF
7,000

Investment Overview

Marcus & Millichap is pleased to present 1632 9th Avenue, located adjacent to the University of Northern Colorado in Greeley, Colorado. 1632 9th Avenue is a vintage 7-unit multifamily asset situated on .29 acres built in 1924. The property consists of 2 one-bedroom units, 3 two-bedroom units, and 2 three-bedroom units. This asset provides modern finishes, stainless steel appliances, new flooring, and in-unit laundry in select units. Located in close proximity to the University of Northern Colorado, the property has 6,794 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 transportation access, as well as a vibrant social scene and a variety of dining and nightlife options.

Investment Highlights

  • Fully Renovated 7-Unit Apartment
  • Adjacent to The University of Northern Colorado
  • Top of the Market Rents - Ideal for Stabilized Cash Flow

Exclusively Listed By

Financing By

Multifamily

1632 9th Avenue

Listing Price: $1,575,000

Cap Rate
6.28%
Number of Units
7
GRM
12.65
Occupancy
95.0%
Price/Unit
$225,000
Price/Gross SF
$225.00
Gross SF
7,000

Investment Highlights

  • Fully Renovated 7-Unit Apartment
  • Adjacent to The University of Northern Colorado
  • Top of the Market Rents - Ideal for Stabilized Cash Flow

Investment Overview

Marcus & Millichap is pleased to present 1632 9th Avenue, located adjacent to the University of Northern Colorado in Greeley, Colorado. 1632 9th Avenue is a vintage 7-unit multifamily asset situated on .29 acres built in 1924. The property consists of 2 one-bedroom units, 3 two-bedroom units, and 2 three-bedroom units. This asset provides modern finishes, stainless steel appliances, new flooring, and in-unit laundry in select units. Located in close proximity to the University of Northern Colorado, the property has 6,794 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 transportation 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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