Greeley Multifamily Investment
2435 2439 & 2459 W 11th Street Greeley, CO 80631
2435 2439 & 2459 W 11th Street, Greeley, CO, 80631
$5,000,000
For Sale
$5,000,000
Well-maintained apartment community in Greeley, Colorado.
Property Size30,188 SF
Price / SF$165.63
Days on Market108
Property Features for 2435 2439 & 2459 W 11th Street
General Information
- Standard status
- Active
- Size
- 30,188 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing Agency
UNIQUE PROPERTIES LLC
(781) 733-3732
Listed by
Will McCauley · License #CO #100087986
Source
Tcnworldwide
Added: Apr 1 Checked: Jul 10 at 1:14 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNIQUE PROPERTIES LLC
Investment Insights
Based on property information with market context.
Westview Apartments is a multifamily community located in Greeley, Colorado. The property consists of three two-story apartment buildings constructed in 1962, 1969, and 1970. The property offers a total gross building area of approximately 30,188 square feet.
Key Highlights
- Well‑maintained multifamily community.
- Located in the heart of Greeley, Colorado.
- Low‑rise apartment buildings totaling approximately 30,188 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $615.8k | $20.40 |
| − Vacancy | −$35.7k | −$1.18 |
| EGI | $580.1k | $19.22 |
| − OpEx | −$261.1k | −$8.65 |
| NOI | $319.1k | $10.57 |
30,188 SF · lease $20.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.56M
$3.99M – $5.32M
NOI $319,064 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$5.50M
$4.81M – $6.42M
NOI $385,123 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained apartment community in Greeley, Colorado.
Where is this apartment building located?
The property is located at 2435 2439 & 2459 W 11th Street Greeley, CO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Well‑maintained multifamily community.; Located in the heart of Greeley, Colorado.; Low‑rise apartment buildings totaling approximately 30,188 square feet.
