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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