Glendale Apartments | 2916-2924 Glen Dale Dr
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Glendale Apartments 2916-2924 Glen Dale Dr
18 Unit Block of Flats £1,893,600 (£105,200/Unit) 5.87% Net Initial Yield Evans, CO 80620
Investment Highlights
- Well-Maintained 18 Unit Property in Evans, CO
- Less Than One Mile to the University of Norther Colorado
- Ideal Unit Mix with 15 - 2Br/1Ba and 3 - 1Br/1Ba Units
- Value-Add Upside Through Additional Unit Renovations
- 5 Minutes to the Greeley Mall
- Just $133,333/unit for Mostly 2 Bedroom Units!
Executive Summary
The Glendale Apartments is an 18 unit (3 – six unit
buildings), value-add apartment complex located in
Evans, CO. This well-maintained asset offers
investors the opportunity to add additional value
through a proven renovation strategy and acquire
the property at a basis well below replacement cost.
All 18 units are individually deeded, offering an
investor additional flexibility on the backend.
buildings), value-add apartment complex located in
Evans, CO. This well-maintained asset offers
investors the opportunity to add additional value
through a proven renovation strategy and acquire
the property at a basis well below replacement cost.
All 18 units are individually deeded, offering an
investor additional flexibility on the backend.
Property Facts
| Price | £1,893,600 | Apartment Style | Low Rise |
| Price Per Unit | £105,200 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.72 AC |
| Net Initial Yield | 5.87% | Building Size | 13,008 SF |
| Sale Conditions | 1031 Exchange | Number of Floors | 1 |
| No. Units | 18 | Year Built | 1973 |
| Property Type | Residential | Parking Ratio | 3.84/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £1,893,600 |
| Price Per Unit | £105,200 |
| Sale Type | Investment |
| Net Initial Yield | 5.87% |
| Sale Conditions | 1031 Exchange |
| No. Units | 18 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 13,008 SF |
| Number of Floors | 1 |
| Year Built | 1973 |
| Parking Ratio | 3.84/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Balcony
- Dishwasher
- Heating
- Kitchen
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 496 |
| 2+1 | 15 | - | 760 |
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zoning
| Zoning Code | Residential, Evans |
| Residential, Evans |
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Glendale Apartments | 2916-2924 Glen Dale Dr
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