1320 7th Ave, Greeley, CO, 80631

Pleased to present the opportunity to purchase The Magnolia, a six unit apartment building in Greeley, Colorado. The apartments are conveniently located within minutes from Downtown Greeley and the University of Northern Colorado with easy access to the rest of Greeley one block from 8th Avenue/State Highway 85 Business Route. Desirable unit mix of two 2 Bedroom, 1 Bath and four 3 Bedroom, 1 Bath Units. Property renovated including updated facade, landscaping, interior updates, individual forced air heating and hot water. Leasing upside with current in-place rent of $1.46/SF with survey 2 Bed / 1 Bath units at $1.50/SF and 3 Bed / 1 Bath units at $1.61/SF. Low current in-place price per bedroom of $382/bed. Low maintenance finishes and landscaping for low ongoing operating costs. Additional income opportunity to add coin operated laundry to the existing laundry room not currently being utilized. Opportunity to increase rents by fencing in and amenitizing backyard/back of lot.