1213 12th Street is a $1,950,000, 11,626 square foot, 20.0 bath home on a 0.44 acre lot located in Greeley, CO.
The Kensington is a classic 19-unit apartment building with a single-family home (20 total units) built in 1910 close to the University of Northern Colorado the downtown of the Northeast City of Greeley. The property features eight distinct floor plans composed of studios, one-bedrooms, two-bedrooms and a sole four-bedroom unit apartment. The single family home is two-bedrooms and has one bathroom. The property has a strong in-place cap rate of 6.2% with opportunity for value add. Strong fundamentals such as low vacancy and a high tenant retention over many years of owner-management has proven this asset as a top performer among the competitive set. Some units in the property have newer kitchens, appliances, flooring, paint/texture, window coverings, and mostly updated electrical. Although some units have been updated, a new owner will be able to step in and make improvements as they see fit to increase top line revenue.
|Above Grade Sqft||8,615|
|# Parking Spaces||8|
Not In HOA
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORAD®. Real estate listings held by brokers other than LoKation Realty are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. Data last updated 08/24/2019 at 11:35am MDT. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. See full DMCA disclaimer