thank you
Your email has been sent.
Glendale Apartments 2916-2924 Glen Dale Dr 18 Unit Apartment Building $2,100,000 ($116,667/Unit) 7.42% Cap Rate Evans, CO 80620
Investment Highlights
- Well-Maintained 18 Unit Property in Evans, CO
- Less Than One Mile to the University of Norther Colorado
- Ideal Unit Mix with 15 - 2Br/1Ba and 3 - 1Br/1Ba Units
- Value-Add Upside Through Additional Unit Renovations
- 5 Minutes to the Greeley Mall
- Just $129,167/unit for Mostly 2 Bedroom Units!
Executive Summary
PRICE REDUCTION! 7.42% Actual CAP Rate. The Glendale Apartments is an 18 unit (3 – six unit buildings), value-add apartment complex located in Evans, CO. This well-maintained asset offers investors the opportunity to add additional value through a proven renovation strategy and acquire the property at a basis well below replacement cost. All 18 units are individually deeded, offering an investor additional flexibility on the backend.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$243,360
|
$18.71
|
| Other Income |
$24,402
|
$1.88
|
| Vacancy Loss |
$17,035
|
$1.31
|
| Effective Gross Income |
$250,727
|
$19.27
|
| Taxes |
$7,038
|
$0.54
|
| Operating Expenses |
$87,888
|
$6.76
|
| Total Expenses |
$94,926
|
$7.30
|
| Net Operating Income |
$155,801
|
$11.98
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $243,360 |
| Annual Per SF | $18.71 |
| Other Income | |
|---|---|
| Annual | $24,402 |
| Annual Per SF | $1.88 |
| Vacancy Loss | |
|---|---|
| Annual | $17,035 |
| Annual Per SF | $1.31 |
| Effective Gross Income | |
|---|---|
| Annual | $250,727 |
| Annual Per SF | $19.27 |
| Taxes | |
|---|---|
| Annual | $7,038 |
| Annual Per SF | $0.54 |
| Operating Expenses | |
|---|---|
| Annual | $87,888 |
| Annual Per SF | $6.76 |
| Total Expenses | |
|---|---|
| Annual | $94,926 |
| Annual Per SF | $7.30 |
| Net Operating Income | |
|---|---|
| Annual | $155,801 |
| Annual Per SF | $11.98 |
Property Facts
| Price | $2,100,000 | Building Class | C |
| Price Per Unit | $116,667 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 13,008 SF |
| Cap Rate | 7.42% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1973 |
| No. Units | 18 | Parking Ratio | 3.84/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | Parcel Number | R4596307 |
| Apartment Style | Low-Rise | ||
| Zoning | Residential, Evans | ||
| Price | $2,100,000 |
| Price Per Unit | $116,667 |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| Sale Condition | 1031 Exchange |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 13,008 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 3.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Residential, Evans |
| Parcel Number | R4596307 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Heating
- Kitchen
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 496 |
| 2+1 | 15 | - | 760 |
1 1
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Glendale Apartments | 2916-2924 Glen Dale Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.