Duplex Portfolio

Evans, Colorado

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Property Highlights

LC Real Estate Group is pleased to present the opportunity to purchase 6 Duplex units located in Evans Colorado. The 38th Street and Golden Street Duplexes are well-positioned assets with proximity to Evans City Park, City of Evans Recreation Center, Greeley Mall, University Square grocery retail center, and are 2 miles from the University of Northern Colorado. These assets are available for purchase in bulk as a portfolio or individually.
38th Street Duplexes | 810-812, 816-818 38th Street
4 Units | +/- 3,284 SF  | Built 1995
$700,000 | +/- $213 / SF | 5.9% Cap Rate | 6.1% Proforma 
 
  • Excellent Unit mix of Four (4) 821 SF 2 Bed / 1 Bath Units
  • Lease rollover upside with average in-place rent of $1,106 and market rents between $1,150 to $1,200
  • Utility reimbursement income upside (3/4 Units Reimburse)
  • Newly installed coin operated laundry generates additional income
  • Opportunity to increase rent through property updates
Evans Street Duplex | 3517-3519 Golden Street
2 Units | +/- 2,722 SF  | Built 1998 
$450,000 | +/- $165 / SF | 5.9% Cap Rate | 6.6 Proforma 
 
  • One duplex, Two (2) 1,361 SF 4 Bed / 2 Bath Units
  • Below market rents relative to overall unit size and number of bedrooms, market rent estimated to be $1,500 per month
  • Excellent rental value with large unit size of 1,361 sf with four (4) bedroom units  with average in-place rent of $1,400 per month 
  • Utility reimbursement income upside (1/2 Units Reimburse) 
  • New exterior paint, newer roof, and newer HVAC equipment
  • Opportunity to increase rent through property updates 

For More Information Contact:

Wayne Lewis

Wayne Lewis

Senior Partner
Senior Broker

(303) 588-8808
Rico Devlin

Rico Devlin

Partner
Senior Broker

(970) 413-1182