Northglenn Property Management

What you need to know about Northglenn property management and real estate investing

Pros and Cons of Owning Northglenn Investment Real Estate

northglenn Property Management

Northglenn is a landlocked suburb of Denver with a housing stock that is generally older, with little room to build new housing units.

This fact creates a buying opportunity for real estate investors to purchase investment properties in Northglenn that are on average 23% lower than prices in surrounding areas.

Northglenn is a blue collar working class area with lots of renters creating strong demand for rental homes. Northglenn has built new community amenities including retail and restaurants and is drawing renters into the area because of its affordability and yet close proximity to Denver. 

Investors interested in Northglenn should either look for an updated property or plan on spending the money needed to update a property.

We are big fans of Northglenn as an investment area and manage a number of properties in the area.

 

Pros

  • Lower than average home price presents buying opportunity
  • Close proximity to Denver
  • CAP rate (investment rate of return) is higher than some other areas
  • Community amenities

Cons

  • Older schools are rated lower than some other neighboring cities
  • Most housing is older and there is very little new construction
  • Crime rate is higher than in some other areas
 
 

Overall Northglenn Real Estate Investment Rating

A

 

Northglenn Investment Rental Property Fast Facts:

Average Northglenn Home Price: $283,300

Real estate appreciation over past 12 months: Up 10.8%

Average Northglenn Household Income: $66,160

Percentage of Northglenn homes that are rental properties: 41%

Northglenn Resident Median Age: 34

Poverty Level: 13.6%

 

Median Northglenn Housing Rental Rates +

Northglenn Rental Trend Summary+

Adams County Rent Trends By Bedroom+

 

Top 5 Northglenn property management companies – listed alphabetically
Blue Sage Realty
Dakota Property Management
Grace Property Management
James C Hill Real Estate
Woodruff Property Management

 

Inquire About Our Services

303-255-1990

 
 
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Contact Us

Grace Property Management & Investment Corp.
2200 East 104th Ave., Suite 105
Thornton, CO 80233

Tel: 303-255-1990

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