Greeley, CO (November 29, 2016) — Greystone Unique Apartment Group, division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of a 36-unit apartment complex, The Chateau Apartments, located at 2921, 2931 & 2941 17th Avenue in Greeley, Colorado. The apartment complex sold for $2,790,000 or $77,500 per unit. UAG represented the Buyer and the transaction closed as an off-market deal on November 18, 2016.
The Chateau Apartments consist of three (3) buildings, each containing twelve units. 2921 17th Avenue has twelve (12) two bedroom units. 2931 17th Avenue has three (3) one bedroom units, six (6) two bedroom units, and three (3) three bedroom units. 2941 17th Avenue has three (3) one bedroom units, seven (7) two bedroom units and two (2) three bedroom units. The Chateau Apartments are centrally located in the heart of Greeley, neighboring the mall and blocks from the University of Northern Colorado. The Buyer intends to raise rental rates to market value and hold long term.