Updated Oct 29, 2024
17th Ave CO LLC Acquires Multifamily Property In Greeley, CO For $6.7M
3101 17th Avenue, Greeley, Colorado 80631, United States
$6,700,000
$1,675,000/SF
Building Size
4 SF
Asset Type
MultiFamily
Closing
Dec 20, 2022
About this deal
AI
The multifamily property located at 3101 17th Avenue in Greeley, CO was sold on December 20, 2022. The property spans 4,176 square feet and was sold at a price of $6,700,000, resulting in a price per square foot of $1,604.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Address: 3101 17th Avenue, Greeley, CO
- Market: Greeley, CO
- Buyer: 17th Ave CO LLC
- Seller: Termino LLC
- Square Feet: 4,176
- Price per Square Foot: $1,604
17th Ave CO LLC was the buyer in this transaction, while Termino LLC acted as the seller. The sale of this multifamily property signifies a significant investment in the Greeley, CO market. The transaction shed light on the active involvement of both buyer and seller in the real estate industry.
Players
Greeley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93