$1,175,000 | Single Family Home & Four-Plex | 6.0% Cap Rate | Recently Renovated
LC Real Estate Group is pleased to present the opportunity to purchase The Patton Parkmans Apartments in Greeley Colorado. The apartments have convenient central Greeley location with easy access to the rest of Greeley one block from Highway 34 Business Route.
- Desirable unit mix of all two bedroom units including Fourplex (2 Bedroom, 1.5 Bathroom units) and Single Family Home (2 Bedroom, 1 Bathroom)
- Reduced future capital expenditures with recent renovations including brand new roof (2022), siding (2022), parking lot (2019), five air conditioning (2013), and four furnace units (2013)
- Excellent rental value with average unit size of 914 sf with individually controlled forced air heating and cooling and updated flooring and cabinets/counters in some units
- Inflation hedge with all utilities billed back to tenants with gas and electricity paid directly by tenants and water, sewer, and trash charges billed back
- Exterior renovations include new roof and siding (2022), reducing future capital expenditures
- The recently repaved parking lot provide ample off street parking spaces, and the street parking on 10th Street allows for plenty of parking for residents and guests.