2459 W 11th Street

Investment Overview

2459 W 11th Street is a 12-unit apartment building in Greeley, built in 1970, with 11,301 square feet, 7,534 above grade plus a 3,767 square foot finished basement, on a 0.32-acre lot. All twelve units are two-bedroom, one-bath floor plans of 857 square feet. The owner recently completed a capital improvement program. In-place rents average $1,126 per month against a concluded market rent of $1,250, a 10% mark-to-market available on natural turnover. Offered at $1,500,000, or $125,000 per unit.

Investment Highlights

• ​12-unit apartment building in Greeley
• ​Built in 1970 with 11,301 square feet
• ​All twelve units are two-bedroom, one-bath floor plans of 857 square feet
• ​Owner recently completed a capital improvement program
• ​In-place rents average $1,126 per month against a concluded market rent of $1,250, a 10% mark-to-market available on natural turnover
• ​Offered at $1,500,000, or $125,000 per unit