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#20 5750 W 20th St

11 Unit Apartment Building $4,506,137 CAD ($409,649 CAD/Unit) 3.44% Cap Rate Greeley, CO 80634

Executive Summary

The Highland Green portfolio consists of two quadplexes and one triplex located just northwest of Highland Hills Golf Club. Built in 1988, these townhome-style two-bedroom, two-and-a-half-bathroom units are well-constructed and have been impeccably maintained over the years. This portfolio is situated in West Greeley, an upscale residential area in close proximity to retail, schools, parks, and entertainment. The owners of this portfolio manage a well-funded HOA, which includes participation from the 20 buildings (29 units) in the development. An investor can capitalize on the value difference between this portfolio as individual townhomes versus the combined value of the triplex and quadplex buildings. Simply put, an investor who cosmetically improves the unit interiors and sells the townhomes individually could profit in today’s market.

Property Facts

Price $4,506,137 CAD
Price Per Unit $409,649 CAD
Sale Type Investment
Cap Rate 3.44%
Gross Rent Multiplier 16.13
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.24 AC
Building Size 12,903 SF
No. Stories 2
Year Built 1988
Parking Ratio 0.85/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2.5 11 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R3917705
  • R3917505
Land Assessment
$11,381 CAD
Improvements Assessment
$135,619 CAD
Total Assessment
$147,000 CAD
  • Listing ID: 33563222

  • Date on Market: 2024-10-18

  • Last Updated:

  • Address: 5750 W 20th St, Greeley, CO 80634

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