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14,000 SqFt
$ 840,000
Est. payment | /mo
14,000 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,000 sqft
Price per Sqft $60
MLS Listing ID 5673302
HOA Y/N No
Year Built 1927
Annual Tax Amount $4,043
Tax Year 2024
Lot Size 0.321 Acres
Acres 0.32
Property Sub-Type Multi Family
Source recolorado
Property Description
CBRE is pleased to present 1824 13th Ave, a six-unit apartment building in Greeley, Colorado. Constructed in 1927, the property has a diverse mix of one, two and three-bedroom units. The building features on-site storage, and income-producing garage and coin-operated laundry.
The property is located on a large corner lot on a quiet residential street, within walking distance of the University of Northern Colorado. The units have been updated over time, and the property has a class four impact-resistant roof. Through targeted unit updates and renovations, investors can increase rental rates and capitalize on potential storage income to increase net operating income further.
Additionally, The University of Northern Colorado's new College of Osteopathic Medicine will significantly benefit the city of Greeley. Establishing an even stronger medical presence in the city will continue to attract top-tier faculty and researchers, boosting Greeley's intellectual and economic vitality. The college will also create new jobs and stimulate local businesses.
According to a recent economic impact study by Lightcast, it is projected to boost Colorado's economy by $1.4 billion over the next 20 years and generate $84 million in taxpayer benefits. Furthermore, the increased access to high-quality medical education and healthcare services will enhance the overall quality of life for Greeley residents, making 1824 13th Ave and its ideal location a promising investment opportunity now and for years to come.
The property is located on a large corner lot on a quiet residential street, within walking distance of the University of Northern Colorado. The units have been updated over time, and the property has a class four impact-resistant roof. Through targeted unit updates and renovations, investors can increase rental rates and capitalize on potential storage income to increase net operating income further.
Additionally, The University of Northern Colorado's new College of Osteopathic Medicine will significantly benefit the city of Greeley. Establishing an even stronger medical presence in the city will continue to attract top-tier faculty and researchers, boosting Greeley's intellectual and economic vitality. The college will also create new jobs and stimulate local businesses.
According to a recent economic impact study by Lightcast, it is projected to boost Colorado's economy by $1.4 billion over the next 20 years and generate $84 million in taxpayer benefits. Furthermore, the increased access to high-quality medical education and healthcare services will enhance the overall quality of life for Greeley residents, making 1824 13th Ave and its ideal location a promising investment opportunity now and for years to come.
Location
State CO
County Weld
Interior
Fireplace N
Exterior
Garage Spaces 1.0
Total Parking Spaces 1
Garage Yes
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Brick
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by CBRE, Inc.
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