The Fraser Apartments

• +/- 11,703 SF  | Built 1971 | Recent Interior and Exterior Improvements

$2,200,000 | 6.0% Cap Rate | 17.3% Total Return | 18.0% Leveraged IRR | Renov. 2020/2021

LC Real Estate Group is pleased to present the opportunity to purchase The Fraser Apartments in Greeley Colorado. The Fraser Apartments is a well-positioned asset with proximity to the Greeley Mall, University Square grocery retail center, and is less than 1.5 miles from the University of Northern Colorado.

• Excellent unit mix of Ten 2 Bedroom, 1 Bathroom units, One Two Bedroom, 1 1/2 Bath unit, and One 1 Bedroom, 1 Bathroom Unit
• Recently interior and exterior renovations improves leasabilty and ability to increase rents along with lower ongoing property maintenance expense
• Interior renovations include solid surface flooring upgrades of tile and luxury vinyl throughout most living areas, updated kitchen counters, new carpet and paint, new light and plumbing fixtures, and newer appliances
• HVAC upgrades include updated boiler system and new mini-split HVAC system providing heating and cooling to each unit through tenants electricity bill
• Exterior renovations include new roof, newly painted balconies with structural reinforcement and new railing, and new paint on the main building and carport
• The recently repaved parking lot provides 26 off street parking spaces, and the corner lot allows for plenty of street parking for guests.
• Maintenance of the property is minimal with the recent updates to the boiler system, new mini-splits, recent roof repairs and simple landscaping all supported with the on-site maintenance garage.