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1213 12th St, Greeley, CO

$1,850,000 - 20 Baths 11,626 Sqft .44 Acres

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.

Berkadia Real Estate Advisors LLC.

Listing Status: Active

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Essential Information

  • MLS® # 7130391
  • Price $1,850,000
  • Bathrooms 20.00
  • Square Footage 11,626
  • Acres 0.44
  • Year Built 1910
  • Type Income
  • Sub-Type Income
  • Style Multi-Story
  • Status Active

Community Information

  • Address 1213 12th St
  • Subdivision Greeley City
  • City Greeley
  • County Weld
  • State CO
  • Zip Code 80631

Amenities

  • Parking Spaces 8
  • Parking Off-Street

Interior

  • Heating Hot Water
  • Cooling None

Exterior

  • Lot Description 19000.00
  • Roof Composition Shingles
  • Construction Frame

School Information

  • District Greeley-Evans Weld 6
  • High Greeley Central

Additional Information

  • Zoning Residential High (RH)

Listing Details

Office

Berkadia Real Estate Advisors LLC

Terms and Conditions: 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 RECOLORADO® Real estate listings held by brokers other than The Cascade Team Real Estate 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.

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Listing information last updated on September 15th, 2019 at 3:34pm PDT.