Greeley apartment buildings hit market

GREELEY— Three apartment buildings near downtown Greeley assessed at more than $8 million have been put up for sale.
According to the listing on real estate site LoopNet, the King Arthur Apartments at 1508 Ninth Ave., the Lancelot Apartments at 716 15th St., and the Ivanhoe Apartments at 1515 Seventh Ave. have been made available by the original builders and property owners as a remodeling opportunity. The three buildings combined hold 93 units and encompass 58,908 square feet.
The listing also lists a five-plex building on Seventh Avenue and four single-family homes available for sale as part of the larger portfolio. All of the buildings are located just north of the University of Northern Colorado campus.
The listing did not include a sale price, but the combined actual value of the listed properties is just more than $8.26 million, according to Weld County property records.
The properties are currently owned by TRI Property Management, a rental agency with properties in Greeley, Evans, Fort Collins, Windsor and Loveland. TRI did not immediately respond to a request for comment Tuesday morning.

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