Description
The Maple Apartments offer an outstanding investment opportunity in the heart of Greeley. Built in 1996, this well-maintained 10-unit property features large three-bedroom, two-bathroom units, each including dishwashers, ceiling fans, in-unit washer and dryer hookups, and private decks or patios accessed through sliding glass doors. Every unit operates on individual electric and gas meters, ensuring efficiency and convenience for tenants and owners. Adding to the property's value-add potential, The Maples includes 2,200 square feet of storage space on the ground level, offering an exciting opportunity for conversion into one or two additional rental units- maximizing revenue. With renovation and cosmetic upgrades, new ownership can drive higher rent potential and increase NOI YOY. Current rents sit slightly below market, presenting an immediate opportunity by aligning them with market rates. Located just minutes from downtown Greeley and only six blocks from the University of Northern Colorado, The Maple Apartments benefit from strong tenant demand-ideal for families, university-affiliated tenants, and young professionals. A great opportunity to acquire a well-positioned asset with room for appreciation and income growth in a thriving rental market.
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30BEDS
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0.43ACRES
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20BATHS
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01/2 BATHS
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13,281SQFT
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$151$/SQFT
School Information
Description
The Maple Apartments offer an outstanding investment opportunity in the heart of Greeley. Built in 1996, this well-maintained 10-unit property features large three-bedroom, two-bathroom units, each including dishwashers, ceiling fans, in-unit washer and dryer hookups, and private decks or patios accessed through sliding glass doors. Every unit operates on individual electric and gas meters, ensuring efficiency and convenience for tenants and owners. Adding to the property's value-add potential, The Maples includes 2,200 square feet of storage space on the ground level, offering an exciting opportunity for conversion into one or two additional rental units- maximizing revenue. With renovation and cosmetic upgrades, new ownership can drive higher rent potential and increase NOI YOY. Current rents sit slightly below market, presenting an immediate opportunity by aligning them with market rates. Located just minutes from downtown Greeley and only six blocks from the University of Northern Colorado, The Maple Apartments benefit from strong tenant demand-ideal for families, university-affiliated tenants, and young professionals. A great opportunity to acquire a well-positioned asset with room for appreciation and income growth in a thriving rental market.
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