• Description
  • Details
Transwestern has been retained to exclusively represent the seller of Cottonwood Apartments in Greeley, Colorado. The portfolio consists of a 96 unit apartment community composed of one, two, and three bedroom apartments. The apartments feature central HVAC systems, inviting floorplans, with a private balcony or fenced patio. Every unit features a large utility closet with room to add a washer/dryer unit. Based on comparable properties with renovated units within the Greeley market, an estimated premium of approximately 22% may be achieved. Transwestern has coordinated with several interested lenders that offer competitive bridge financing for the assets and capital expenditures needed for the value add business plan. An investor should be able to purchase the community, renovate units upon turns, and raise rents for stabilization. Upon stabilization, the investor should be able to recapitalize with more permanent financing or a sale. According to the Census Bureau, the Greeley MSA has placed in the top ten for population growth for the last seven years consecutively. Its strong job growth over the years and new home values compared to Denver are appealing to new residents moving from other areas of the US. Whether buying for a long term hold or to fix up and sell to someone who is, strong growth supports outsized returns in the long run. Cottonwood Apartments is being offered unpriced in a competitive offering to investors as a true value-add opportunity with significant upside available in rents. This well-built community is situated on two major thoroughfares across from Greeley’s largest park, a rare opportunity that should not be missed.
  • Property Type : Multi-Family
  • Class : C
  • Property Size : 74,400
  • Year Built : 1972
  • Stories : 3
  • Typical Floor Size : 24,800
John Blackshire

Vice President

Greenwood Village, Colorado

(303) 952-5603

vCard

Tom Wanberg

Senior Vice President

Greenwood Village, Colorado

(303) 952-5592

vCard

Photos

  • Exterior (10)

Available Space (1)

Suite
Attachments
Sqft
Rate
Type
Max Contiguous
Lease Type
Cam Charges
Cottonwood Apartments 74,400 Sale 74,400

Property Downloads (1)

Name Type
Cottonwood Deal Room Flyer DOWNLOAD