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Multifamily

Brickstone Apartments

828 12th St, Greeley, CO 80631

Listing Price: $2,700,000

Cap Rate
5.21%
Number of Units
16
Price/Unit
$168,750
Price/Gross SF
$298.34
Gross SF
9,050

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Brickstone Apartments at 828 12th Street, a 16-unit apartment community in Greeley, Colorado. Built in 1972, the property consists of two identical buildings each situated on two separate yet contiguous parcels approximately 0.29 acres. The Brickstone Apartments offer an outstanding unit mix of 14 one-bedroom/one-bathroom units and two studio units. Residents at the Brickstone Apartments enjoy beautifully renovated units as well as community amenities that include on-site laundry facilities and individual parking for each unit. The recent upgrades to the unit interiors feature new plank flooring, updated cabinetry in kitchens and baths, tiled backsplashes, and stainless steel appliances. The Brickstone Apartments investment appeal is driven by the building’s proximity to central Greeley and the University of Northern Colorado. Greeley’s status as an expanding market positions the subject property as a strong investment in a market poised for rapid growth.

Investment Highlights

  • Prime Access to University of Northern Colorado and Greeley's Revitalized Downtown
  • Property Overhauled from Top to Bottom in 2020
  • Unit Updates: New Flooring, Cabinets, Tiled Backsplashes, Countertops, Lighting, Appliances, Baseboards, and Mini-Splits
  • Updated Common Spaces
  • Historically Strong Occupancy
  • Well-Maintained Brick Construction with New Roof in 2020

Exclusively Listed By

Multifamily

Brickstone Apartments

Listing Price: $2,700,000

Cap Rate
5.21%
Number of Units
16
Price/Unit
$168,750
Price/Gross SF
$298.34
Gross SF
9,050

Investment Highlights

  • Prime Access to University of Northern Colorado and Greeley's Revitalized Downtown
  • Property Overhauled from Top to Bottom in 2020
  • Unit Updates: New Flooring, Cabinets, Tiled Backsplashes, Countertops, Lighting, Appliances, Baseboards, and Mini-Splits
  • Updated Common Spaces
  • Historically Strong Occupancy
  • Well-Maintained Brick Construction with New Roof in 2020

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Brickstone Apartments at 828 12th Street, a 16-unit apartment community in Greeley, Colorado. Built in 1972, the property consists of two identical buildings each situated on two separate yet contiguous parcels approximately 0.29 acres. The Brickstone Apartments offer an outstanding unit mix of 14 one-bedroom/one-bathroom units and two studio units. Residents at the Brickstone Apartments enjoy beautifully renovated units as well as community amenities that include on-site laundry facilities and individual parking for each unit. The recent upgrades to the unit interiors feature new plank flooring, updated cabinetry in kitchens and baths, tiled backsplashes, and stainless steel appliances. The Brickstone Apartments investment appeal is driven by the building’s proximity to central Greeley and the University of Northern Colorado. Greeley’s status as an expanding market positions the subject property as a strong investment in a market poised for rapid growth.

Exclusively Listed By

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