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Lincoln Apartments 248 E 4th St 27 Unité Immeuble d’appartements 6 437 778 $ CAD (238 436 $ CAD/Unité) Loveland, CO 80537
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- PRIME DOWNTOWN LOVELAND LOCATION
- DIVERSIFIED, STABILIZED INCOME STREAM
- HISTORIC CHARACTER & DOWNTOWN CHARM
- SIGNIFICANTLY DE-RISKED CAPITAL PROFILE
- VALUE-ADD OPPORTUNITY
- STRONG MARKET FUNDAMENTALS SUPPORTING RENT GROWTH
Résumé de l'annonce
PROPERTY OVERVIEW
Lincoln Apartments presents a rare opportunity to acquire a stabilized, mixed-use asset in downtown Loveland, Colorado. The property comprises 27 vintage apartment units and three established retail tenants across 21,004 square feet.
Situated on E. 4th Street — Loveland's walkable arts and dining corridor — the building benefits from immediate proximity to the Rialto Theater, Loveland Museum, Benson Sculpture Garden, and a thriving local brewery scene.
CAPITAL INVESTMENT
The property underwent a comprehensive renovation in 2016, funded in part by a $423,559 City of Loveland grant covering building-wide sprinkler installation. Further, a full electrical overhaul, new heating infrastructure and new roof were installed in 2023. This investment significantly reduces near term capex risk and reflects the city's long-term commitment to the building's role in Loveland's downtown fabric.
VALUE-ADD PROFILE
The value-add thesis is straightforward and low-risk. The property has been managed by an on-site resident manager without professional infrastructure, resulting in below-market rents, extended vacancy cycles, and above-market maintenance costs that have collectively suppressed NOI well below the asset's true earning potential. With all major capital work completed, a professional owner with modern leasing systems, market-rate pricing, and efficient vendor relationships can meaningfully close the gap between current in-place rents and market with minimal incremental investment.
Lincoln Apartments presents a rare opportunity to acquire a stabilized, mixed-use asset in downtown Loveland, Colorado. The property comprises 27 vintage apartment units and three established retail tenants across 21,004 square feet.
Situated on E. 4th Street — Loveland's walkable arts and dining corridor — the building benefits from immediate proximity to the Rialto Theater, Loveland Museum, Benson Sculpture Garden, and a thriving local brewery scene.
CAPITAL INVESTMENT
The property underwent a comprehensive renovation in 2016, funded in part by a $423,559 City of Loveland grant covering building-wide sprinkler installation. Further, a full electrical overhaul, new heating infrastructure and new roof were installed in 2023. This investment significantly reduces near term capex risk and reflects the city's long-term commitment to the building's role in Loveland's downtown fabric.
VALUE-ADD PROFILE
The value-add thesis is straightforward and low-risk. The property has been managed by an on-site resident manager without professional infrastructure, resulting in below-market rents, extended vacancy cycles, and above-market maintenance costs that have collectively suppressed NOI well below the asset's true earning potential. With all major capital work completed, a professional owner with modern leasing systems, market-rate pricing, and efficient vendor relationships can meaningfully close the gap between current in-place rents and market with minimal incremental investment.
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Faits sur la propriété
| Prix | 6 437 778 $ CAD | Taille du lot | 0,25 AC |
| Prix par unité | 238 436 $ CAD | Taille du bâtiment | 21 004 pi² |
| Type de vente | Investissement | Occupation moyenne | 100% |
| Nombre d’unités | 27 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1906/2015 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,38/1 000 pi² |
| Style d’appartement | De faible hauteur | Zone de développement économique |
Oui
|
| Classe d’immeuble | C | ||
| Zonage | BE | ||
| Prix | 6 437 778 $ CAD |
| Prix par unité | 238 436 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 27 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,25 AC |
| Taille du bâtiment | 21 004 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1906/2015 |
| Ratio de stationnement | 0,38/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | BE |
Commodités
Commodités des unités
- Traitement des déchets
- Chauffage
- Cuisine
- Électroménagers en acier inoxydable
- Accessible aux fauteuils roulants (chambres)
Commodités du site
- Installations de lessive
- Commerce de détail sur place
- Transport en commun
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 2 | - | 400 |
| 1+1 | 23 | - | 650 |
| 2+1 | 2 | - | 775 |
1 1
Assez practicable à pied
50/100
Moyennement facile d'accès en voiture
70/100
Transports en commun limités
20/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 95133-37-001 | Évaluation des bâtiments | 488 295 $ CAD |
| Évaluation du terrain | 101 518 $ CAD | Évaluation totale | 589 813 $ CAD |
Impôts fonciers
Numéro de lot
95133-37-001
Évaluation du terrain
101 518 $ CAD
Évaluation des bâtiments
488 295 $ CAD
Évaluation totale
589 813 $ CAD
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Lincoln Apartments | 248 E 4th St
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