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Additional details
$5,000,000
Est. payment /mo
30,188 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 30,188 sqft
Price per Sqft $165
MLS Listing ID 5538890
HOA Y/N No
Year Built 1962
Annual Tax Amount $14,210
Tax Year 2025
Property Sub-Type Multi Family
Source recolorado
Property Description
Westview Apartments is a well-maintained, low-rise multifamily community located in the heart of Greeley, Colorado. Comprising three two-story apartment buildings constructed in 1962, 1969, and 1970, the property offers a total gross building area of approximately 30,188 square feet.
Constructed with durable wood frame and masonry veneer exteriors, the buildings are topped with pitched composition shingle roofs, contributing to long-term structural resilience and curb appeal. The property benefits from its convenient location in the West submarket, with close proximity to schools, retail centers, and major commuter routes.
The unit mix consists of 40 total apartments, including 4 one-bedroom, one-bath units, 34 two-bedroom, one bath units, and 2 three-bedroom, one-bath units.
Westview Apartments presents a stable investment opportunity in a growing Northern Colorado market with strong demand for quality rental housing. The asset also offers a clear operational upside through the implementation of a Ratio Utility Billing System (RUBS), allowing a future owner to recapture utility expenses and improve net operating income without significant capital investment. This provides an immediate, scalable value-add strategy while maintaining affordability for residents.
Constructed with durable wood frame and masonry veneer exteriors, the buildings are topped with pitched composition shingle roofs, contributing to long-term structural resilience and curb appeal. The property benefits from its convenient location in the West submarket, with close proximity to schools, retail centers, and major commuter routes.
The unit mix consists of 40 total apartments, including 4 one-bedroom, one-bath units, 34 two-bedroom, one bath units, and 2 three-bedroom, one-bath units.
Westview Apartments presents a stable investment opportunity in a growing Northern Colorado market with strong demand for quality rental housing. The asset also offers a clear operational upside through the implementation of a Ratio Utility Billing System (RUBS), allowing a future owner to recapture utility expenses and improve net operating income without significant capital investment. This provides an immediate, scalable value-add strategy while maintaining affordability for residents.
Location
State CO
County Weld
Interior
Fireplace N
Exterior
Exterior Feature Balcony
Parking Features Asphalt
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Sewer Connected
Total Parking Spaces 80
Garage No
Building
Lot Description Cul-De-Sac, Landscaped
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Unique Properties LLC
Nearby School & Business
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