807-813 37th Ave
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807-813 37th Ave
5 Unit Block of Flats £789,000 (£157,800/Unit) 4.98% Net Initial Yield Greeley, CO 80634
Investment Highlights
- Recently renovated units
- All units currently occupied
- Professionally managed
- New parking lot
- Carport and patio for each unit
Executive Summary
807-813 37th Avenue is a 5 unit, multi family portfolio offering in Greeley, CO. 2 story buildings with brick construction, flat roof as well as mansard. Each individual unit features 2 beds, 1.5 baths comprising 936 sf and a carport. All of the units have been recently renovated with new luxury vinyl plank flooring, carpet, vanities, countertops and some lighting. Compared to many of the multifamily units in the region, these units show well and help the owner benefit with solid rents throughout. Professionally managed and under a HOA, these units are well - maintained fully rented. HOA is managed by 365 RPM (970-506-0615) and costs $400 / unit / month and covers water, sewer, gas, electrical, snow removal, trash service, and exterior maintenance.
This portfolio includes the following condos:
807 37th Ave A1, Greeley, CO 80634
807 37th Ave A2, Greeley, CO 80634
807 37th Ave A3, Greeley, CO 80634
807 37th Ave A4, Greeley, CO 80634
813 37th Ave B2, Greeley, CO 80634
This portfolio includes the following condos:
807 37th Ave A1, Greeley, CO 80634
807 37th Ave A2, Greeley, CO 80634
807 37th Ave A3, Greeley, CO 80634
807 37th Ave A4, Greeley, CO 80634
813 37th Ave B2, Greeley, CO 80634
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £789,000 | Apartment Style | Low Rise |
| Price Per Unit | £157,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Net Initial Yield | 4.98% | Building Size | 4,680 SF |
| Sale Conditions | Portfolio Sale | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.86 | Number of Floors | 2 |
| No. Units | 5 | Year Built/Renovated | 1978/2023 |
| Property Type | Residential | Parking Ratio | 3.85/1,000 SF |
| Property Subtype | Apartment |
| Price | £789,000 |
| Price Per Unit | £157,800 |
| Sale Type | Investment |
| Net Initial Yield | 4.98% |
| Sale Conditions | Portfolio Sale |
| Gross Rent Multiplier | 9.86 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 4,680 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1978/2023 |
| Parking Ratio | 3.85/1,000 SF |
Unit Amenities
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1.5 | 5 | £1,341 | 936 |
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Walk Score ®
Very Walkable (74)
zoning
| Zoning Code | R-H (Residential High Density (R-H)) |
| R-H (Residential High Density (R-H)) |
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807-813 37th Ave
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