1650 29th Avenue Place Greeley, CO 80634

Chateau Terrace is a newly renovated multifamily asset offering a total mix of one studio, two 1-bedroom/1-bath units, and ten 2-bedroom/1.5-bath units. Improvements include a refreshed exterior with new paint, upgraded stairways, a resurfaced parking lot, a new roof, and an upgraded boiler. Inside, units feature contemporary finishes and in-unit laundry. Reported upgrades include stainless-steel appliances, quartz countertops, newly updated bathrooms, recently replaced windows and flooring, and renovated patios, supporting a consistent renovated look across the property.

The community is positioned in the heart of West Greeley, Colorado, with convenient access described to Greeley’s amenities, retail and business districts, historic parks, and major interstate highways and main city streets. The surrounding area also includes entertainment options, providing context for tenant convenience and day-to-day accessibility.

For investors, the property is presented with an in-place cap rate of 6.56%, and the unit mix includes both smaller and larger floorplans. For operators or buyers evaluating current rent-ready condition, the combination of recent building systems work and interior updates is designed to reduce near-term capital concerns while supporting broad tenant appeal across studios, 1-bedrooms, and 2-bedrooms.