2122 28Th Ave Greeley, CO 80634

This exceptional 8-unit apartment building presents a compelling investment opportunity in Greeley, Colorado. Boasting 13,600 square feet on a 0.46-acre lot, this 1983-built property has undergone a complete renovation, resulting in a turnkey operation with high-end finishes. Each unit features two bedrooms and two bathrooms, a two-car garage with additional assigned parking, a private enclosed patio, a beautiful brick fireplace, high vaulted ceilings, and an open layout. A fully finished basement in each unit provides versatile additional living space. Units include in-unit washer/dryers and individually metered gas and electric utilities. The property currently generates a NOI of $162,886, with a pro-forma NOI of $215,086, representing a 6.15% cap rate and a pro-forma cap rate of 8.12%. The asking price is $2,650,000, or $331,250 per unit. Located in a desirable neighborhood near Sanborn Park, this property offers easy access to shopping, dining, and outdoor recreation. The potential for increased revenue exists through market-rate rent adjustments and a utility billback system. This is a rare opportunity to acquire a fully renovated, high-performing multifamily asset in a thriving Colorado market.