2435, 2439, & 2459 W 11th St
Greeley, CO 80634

List Price
$6,800,000
Total Units
40
Price/Unit
$170,000
Gross Building Area
33,955 SF
Price/SF
$200.26
In-Place Cap Rate
6.75%
Market Cap Rate
6.95%

The Westview Apartments at 2435, 2439 & 2459 W 11th St is a well-positioned property in the growing Greeley market. There are thirty-four 750+ SF 2-bed units, as well as four 1-beds and two 3-beds, with a majority of them having new appliances, flooring, updated kitchens and bathrooms. There is on-site laundry and one off-street parking spot per unit. Additionally, the three building’s roofs, windows and four total boilers are in good condition. The property sits just a 10 minute drive away from the University of Northern Colorado, and only a 5-minute drive to Banner Health Medical Center, with easy access to Hwy 34 & 85. Sellers have proven that Greeley is a strong rental market as they are getting on average $1,400/month. There is still room to raise rents, as a few of the units are still rented below market.

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Offered By

thumb-Brandon-Kaufman

Brandon Kaufman

Principal + Senior Advisor

303-547-7357 | bkaufman@khcommercial.com