5750 20Th St Greeley, CO 80634

This exceptional investment opportunity presents an 11-unit multifamily portfolio located at 5750 W 20th St, Greeley, CO 80634. Comprising two quadplexes and one triplex, this property boasts 12,903 square feet of well-maintained townhome-style units, each featuring two bedrooms and two-and-a-half bathrooms. Built in 1988, these units offer a blend of established infrastructure and significant upside potential. The portfolio benefits from its prime location in West Greeley, a desirable residential area with convenient access to retail amenities, schools, parks, and entertainment options. Each unit includes one parking space. The current asking price is $3,179,000, representing a price per unit of $289,000 and a price per square foot of $246.38. The property currently generates a Net Operating Income (NOI) of $109,377, translating to a 3.44% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $129,042 and a 4.06% cap rate, indicating substantial room for improvement and increased profitability. The property is part of a well-managed HOA encompassing 20 buildings and 29 units within the development, ensuring a cohesive and well-maintained community. The unique structure of this portfolio, combining triplex and quadplex buildings, presents a compelling opportunity for value enhancement through individual unit renovations and potential resale as separate townhomes. This presents a strong value-add opportunity for discerning investors seeking a high-return multifamily investment in a thriving Colorado market.