Marcus & Millichap is pleased to present the exclusive opportunity to acquire 715–719 16th Street SW, a stabilized 24-unit multifamily community located in one of Loveland’s most established residential neighborhoods. The property consists entirely of spacious two-bedroom residences and is complemented by 24 detached garages, creating an amenity package rarely… Read More found in similarly sized apartment communities. Ownership has completed significant capital improvements, allowing investors to acquire an asset with immediate in-place cash flow and limited near-term capital expenditure requirements while preserving the opportunity to capture future rental growth. Located just minutes from Highway 34, Downtown Loveland, Centerra, and many of Northern Colorado’s largest employers, 715–719 16th Street SW offers investors the opportunity to acquire a well-maintained, income-producing asset in one of Colorado’s fastest-growing multifamily markets. Located within one of Northern Colorado’s fastest-growing rental markets, the Property benefits from Loveland’s expanding population, diverse employment base, and exceptional quality of life. TheFort Collins–Loveland MSA has grown by approximately 18% since 2010, while residents enjoy convenient access to major employers, Boyd Lake State Park, Devil’s Backbone Open Space, Downtown Loveland, and the region’s extensive trail system. Combined with immediate access to US-34 and Interstate 25, the Property is well positioned to capitalize on the continued growth of Colorado’s Northern Front Range. Read Less
Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. [email protected]
Listing Snapshot
Days Online
3
Last Updated
Property Type
Quadruplex
Beds
48
Square Ft.
17,880
Year Built
1970
MLS Number
5383004
30 Days Snapshot Of 80537
$628k
+6%
(avg) sold price
65
-10%
homes sold
67
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Above Grade Finished Area: 17880, Construction Materials: Concrete, Levels: Multi/Split, Living Area: 17880, Occupant Type: Owner, Structure Type: Quadruplex, Total Area: 17880, Unit Count: 1, Unit Types: Array, Built in 1970
Cooling
Cooling: None
Disclosures
Exclusions: n/a
Heating
Heating: Baseboard
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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