Bears Village
Status: ACTIVE
List Price: $15,950,000
Units: 98 Units
CAP Rate:
Current: 6.18%
Pro Forma: 7.21%
NOI:
Current: $985,339
Pro Forma: $1,149,565
Unit Mix
98 Two-Bedroom/One-Bathroom
Investment Highlights:
Loan Assumption with Interest Rate 250+ Basis Points Below Current Market Rates
Positive Cash Flow Upon Acquisition
Interest Only Until May 2025
3.2% Interest Rate (Fixed) Until May 2030
Highly Desirable Location in Downtown Greeley
Cash Flowing Asset Offering Value Add Upside Through Operations
Phase 1: Significant Upside Through Rents (Currently 12-13% Below Market)
Phase 2: Additional Upside Through Renovations (Additional 15% Upside)
Rapidly Growing Area and Demographic Shift
Complimentary Asset Valuation
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