University Apartments Rates

UNC Today: UNC Officially Sells University Apartments


February 15, 2017

The University of Northern Colorado closed on the sale of University Apartments on Wednesday afternoon and has officially transferred ownership of the property.

The buyers, Bears Village LLC and MMP Ventures LLC, intend to continue operating the 98-unit complex as student housing and are collaborating with UNC to ensure a smooth transition.

The purchase price of the 76,150-square-foot complex, which offers two-bedroom, one-bathroom units at 509 18th St., was $7.1 million.

Last spring, UNC Board of Trustees authorized the sale of University Apartments and factored into the decision the deferred maintenance needs of the complex UNC has owned and operated since 1967. UNC can meet housing demand by accommodating over 3,000 students in 16 residence halls on central and west campuses and Arlington Park Apartments south of the University Center.

UNC has remained in contact with current residents of University Apartment about the process throughout the year. They were notified of the pending sale Jan. 13. Lease agreements that run through the end of the academic year will be honored.

 

Rates listed below are from prior to the sale of the property.
Any new contracts will need to be done through the new landlord.

 

University Apartments Academic Year 2016-2017 Room Rates


*All apartments have 2 bedrooms, a living room, bathroom and kitchen/dining area.
**Furnished units include: 1 bed, 1 desk and 1 dresser in each bedroom and a standard living room and kitchen set. Additional beds may be requested at a $5 per bed monthly rate.
***Rates are subject to change pending approval by the Board of Trustees.

 

 

Academic Year Contract (August 18, 2016 - May 15, 2017)
 
Billing for
Fall Semester
Billing for
Spring Semester
Unfurnished Shared Apartment*
$1,795
$1,795
Unfurnished Full Apartment*
$3,590
$3,590
Furnished Shared Apartment**
$1,930
$1,930
Furnished Full Apartment**
$3,860
$3,860
The academic year lease is designed for students who desire the traditional academic year lease and who plan to return home for the summer break. Resident is responsible for the full term of the lease.

 

Month-to-Month Contract
 
Billing for
Fall Semester
Billing for
Spring Semester
Unfurnished Shared Apartment*
$2,015
$2,015
Unfurnished Full Apartment*
$4,030
$4,030
Furnished Shared Apartment**
$2,150
$2,150
Furnished Full Apartment**
$4,300
$4,300
The month-to-month lease provides the convenience of being able to vacate apartment with relatively short notice. A 30-day notice is required to vacate the space. (Please note: If your month-to- month contract extends into summer months, you will be billed accordingly.)

For more information about meal plans, go to the Dining Services web site.