1817 28Th St Greeley, CO 80631
- Apartment buildings
- 10,692 SF
- 0.61 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1817 28Th St
- Year built
- 1971
- Lot size
- 0.61 lot acres
- Property size
- 10,692 SF
- Property type
- Apartment buildings
Description
This exceptional 12-unit apartment building presents a compelling investment opportunity in Greeley, Colorado. Located at 1817 28th St, this two-story, Class B property boasts 10,692 square feet on a 0.61-acre lot (APN: 096118318025). Built in 1971, the building features a desirable mix of updated and well-maintained units. Recent renovations include new JELD-WEN windows, updated interior and exterior paint, new interior doors, sliding glass patio doors, updated decks and railings, and new carpet. Lower-level units offer ceramic tile flooring. All units include central air/heat, and a coin-operated laundry provides additional income. The brick exterior ensures low maintenance. Ample parking is available with two spaces per unit across two large lots. The property enjoys a strong rental history, high occupancy rates, and a stable tenant base, generating a Net Operating Income (NOI) of $149,821 and a 7.13% cap rate. The asking price is $2,100,000. Utilities are separately metered for gas and electricity. City water and sewer services are available. The property is zoned R-H and includes a full, mostly finished basement. Mineral rights are excluded. Financing options include cash, conventional loans, and 1031 exchanges. Seller disclosures, including lead paint disclosure, are available. Flood risk is minimal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.709
- Latitude
- 40.3926
