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715-719 16th St SW 24 Unit Apartment Building $6,160,625 CAD ($256,693 CAD/Unit) 5.91% Cap Rate Loveland, CO 80537



INVESTMENT HIGHLIGHTS
- Major Capital Improvements
- Common Area Laundry
- 24 Garages
EXECUTIVE SUMMARY
May also be purchased with:
1428 S California Ave - $2,025,000
4912 S Iowa Ave - $1,500,000
208 S Jefferson - $1,100,000
1428 S California Ave - $2,025,000
4912 S Iowa Ave - $1,500,000
208 S Jefferson - $1,100,000
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$574,940
|
$19.64
|
| Other Income |
$42,710
|
$1.46
|
| Vacancy Loss |
$17,248
|
$0.59
|
| Effective Gross Income |
$600,402
|
$20.51
|
| Taxes |
$30,079
|
$1.03
|
| Operating Expenses |
$168,573
|
$5.76
|
| Total Expenses |
$198,652
|
$6.79
|
| Net Operating Income |
$401,750
|
$13.73
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $574,940 |
| Annual Per SF | $19.64 |
| Other Income (CAD) | |
|---|---|
| Annual | $42,710 |
| Annual Per SF | $1.46 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $17,248 |
| Annual Per SF | $0.59 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $600,402 |
| Annual Per SF | $20.51 |
| Taxes (CAD) | |
|---|---|
| Annual | $30,079 |
| Annual Per SF | $1.03 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $168,573 |
| Annual Per SF | $5.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $198,652 |
| Annual Per SF | $6.79 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $401,750 |
| Annual Per SF | $13.73 |
PROPERTY FACTS
| Price | $6,160,625 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $256,693 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.16 AC |
| Cap Rate | 5.91% | Building Size | 29,268 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.95/1,000 SF |
| Zoning | R-2 - Residential | ||
| Price | $6,160,625 CAD |
| Price Per Unit | $256,693 CAD |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.16 AC |
| Building Size | 29,268 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2025 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | R-2 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | $1,996 CAD | 800 |
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PROPERTY TAXES
| Parcel Number | 95262-25-002 | Total Assessment | $368,438 CAD |
| Land Assessment | $92,680 CAD | Annual Taxes | $30,079 CAD ($1.03 CAD/SF) |
| Improvements Assessment | $275,758 CAD | Tax Year | 2025 Payable 2026 |
PROPERTY TAXES
Parcel Number
95262-25-002
Land Assessment
$92,680 CAD
Improvements Assessment
$275,758 CAD
Total Assessment
$368,438 CAD
Annual Taxes
$30,079 CAD ($1.03 CAD/SF)
Tax Year
2025 Payable 2026
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715-719 16th St SW
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