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$ 3,840,000
Est. payment /mo
New
715 16th ST Loveland, CO 80537
48 Beds
24 Baths
17,880 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 17,880 sqft
Price per Sqft $214
Subdivision 2131 - Loma Vista
MLS Listing ID 5383004
Bedrooms 48
HOA Y/N No
Year Built 1970
Property Sub-Type Quadruplex
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 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.
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.
Location
State CO
County Larimer
Zoning R3
Interior
Heating Baseboard
Cooling None
Exterior
Roof Type Composition
Private Pool No
Building
Lot Description Level
Story Multi/Split
Sewer Public Sewer
Schools
School District Elementary: Thompson R2-J, Middle/Junior: Thompson R2-J, High: Thompson R2-J
Others
Senior Community No
Tax ID R0419052
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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