For Sale
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Property summary
This meticulously renovated 13-unit apartment building, Chateau 29, is situated in West Greeley, Colorado, at 1650 29th Ave Pl, 80634. Built in 1979, this three-story building boasts 14,031 square feet on a 23,444 square foot lot. The property features a mix of unit types including one studio, two one-bedroom/one-bathroom units, and ten spacious two-bedroom/one-and-a-half-bathroom units. Recent upgrades include a new roof, resurfaced parking lot, upgraded boiler, fresh exterior paint, renovated stairwells, and updated landscaping. Interior renovations are equally impressive, with each unit showcasing high-end stainless steel appliances, quartz countertops, new bathrooms, recently replaced windows and flooring, and in-unit laundry facilities. The property offers a compelling investment opportunity with a current NOI of $150,356 and a pro-forma NOI of $171,161, translating to a current cap rate of 5.57% and a pro-forma cap rate of 6.34%. The asking price is $2,700,000, representing a price per unit of $207,692.31 and a price per square foot of $192.43. Its prime location provides easy access to major highways, diverse retail and business districts, parks, and entertainment options. This property presents a strong value proposition for investors seeking a well-maintained, high-performing multifamily asset in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Complex
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Greeley market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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