1429 10th Street, Greeley, CO, 80631

LC Real Estate Group is pleased to present the opportunity to purchase The Patton & Parkman Multifamily in Greeley, CO. The apartments have a convenient central Greeley location with easy access to the rest of Greeley one block from Highway 34 Business Route.
-Desirable unit mix of all two bedroom units: Fourplex (2 Bedroom, 1.5 Bathroom units) and Single Family Home (2 Bedroom, 1 Bathroom)
-Reduced future capital expenditures with recent renovations including brand new roof (2022), siding (2022), parking lot (2019), five air conditioning (2013), and four furnace units (2013)
-Expected ongoing lower vacancy rate with well maintained property and landscaping
-Leasing upside with single family home at same market rent as fourplex units average unit size of 914 sf with individually controlled forced air heating and cooling and updated flooring and cabinets/counters in some units, and clothes washer and dryer in all units
-Inflation hedge with all utilities billed back to tenants with gas and electricity paid directly by tenants and water, sewer, and trash charges billed back
-The recently repaved parking lot and two car driveway proved ample off street parking, and street parking on 10th Street allows for plenty of extra parking