2122 28th Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2122 28th Ave
8 Unit Block of Flats £2,074,410 (£259,301/Unit) 8.27% Net Initial Yield Greeley, CO 80634
Investment Highlights
- Fully Renovated, Turn Key Property
- Excellent Unit Mix
- Private enclosed patio offering additional living space for residents
- High End Finishes with Washer/ Dryer In-Unit
- Two car garage with additional assigned parking space for each unit, ensuring ample parking for residents
- Beautiful brick fireplace in each unit adds charm and warmth
Executive Summary
MMG is pleased to present the opportunity to invest in prime real estate with these newly renovated townhome-style units in Greeley's most desirable neighborhood near Sanborn Park. This investment opportunity offers the potential for increasing revenue through raising rents to market rates and implementing a utility billback system. With a focus on 3-bedroom, 2-bathroom units, this property offers high rental rates and low vacancies, ensuring steady cash flow for investors. Located in the heart of the front range, residents have easy access to shopping, dining, and outdoor activities.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,074,410 | Building Class | C |
| Price Per Unit | £259,301 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 13,600 SF |
| Net Initial Yield | 8.27% | Average Occupancy | 97% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1983 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Apartment Style | Low Rise |
| Price | £2,074,410 |
| Price Per Unit | £259,301 |
| Sale Type | Investment |
| Net Initial Yield | 8.27% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 13,600 SF |
| Average Occupancy | 97% |
| Number of Floors | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.18/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Heating
- Vaulted Ceiling
- Carpet
- Patio
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+3 | 8 | £2,492 | 1,700 |
1 of 1
PROPERTY TAXES
| Parcel Number | R2370386 | Improvements Assessment | £109,034 |
| Land Assessment | £8,569 | Total Assessment | £117,603 |
PROPERTY TAXES
Parcel Number
R2370386
Land Assessment
£8,569
Improvements Assessment
£109,034
Total Assessment
£117,603
zoning
| Zoning Code | R-M |
| R-M |
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2122 28th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.