$3,840,000
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 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.
48
Beds
⋅
24
Baths
⋅
5383004
MLS
715 16th Street Unit 719, Loveland
Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. . charles.burkhart@marcusmillichap.com,214-336-6064
