Evans, CO 80620
Six-unit multifamily property in Evans, Colorado with value-add potential.
Property size:
4,448 SFProperty Features for
General Information
- Size
- 4,448 SF
Building Details
- Year built
- 1971
Source:
Tcnworldwide
Listing Agent: Greg Knott
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Evans Multifamily Investment Opportunity
The property at 2947 Glendale Drive is a six-unit multifamily building in Evans, Colorado, featuring one 1-bedroom, 1-bathroom unit and five 2-bedroom, 1-bathroom units. The property has undergone several recent upgrades, including a new roof, new gutters, a new boiler, new exterior stairwells, and updated landscaping. Situated approximately 1 mile south of the University of Northern Colorado and less than a mile east of Greeley Mall, the location offers convenient access to local amenities. With an in-place cap rate of 7.04%, the property provides immediate returns. Further value-add opportunities exist through interior and exterior renovations, particularly by updating the five unrenovated units, which could potentially increase rents and drive returns to an approximate 9% cash-on-cash return. The building contains a total of 4,448 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Evans
- County
- Weld
- State
- Colorado
- Longitude
- -104.705
- Latitude
- 40.3763
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Evans, Colorado with value-add potential.
Where is this apartment building located?
The property is located at Evans, CO.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: - Value-add opportunity with potential to increase cash-on-cash return to approximately 9% through interior and exterior renovations.; - Solid in-place cap rate of 7.04% offering immediate returns.; - Recent upgrades including a new roof, new gutters, new boiler, and new exterior stairwells.