Property Description

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 Lovelands 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 acquirean 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 Colorados largest employers, 715?719 16th Street SW offers investors the opportunity to acquire a well-maintained,income-producing asset in one of Colorados fastest-growing multifamily markets. Located within one of Northern Colorados fastest-growing rental markets, the Property benefits from Lovelands 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, Devils Backbone Open Space, Downtown Loveland, and theregions 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 Colorados Northern Front Range.

Property Features

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