4012 W Eisenhower BLVD Loveland, CO 80537
UPDATED:
01/09/2025 03:47 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4439581
Style Traditional
HOA Y/N No
Originating Board recolorado
Year Built 1960
Annual Tax Amount $1,537
Tax Year 2022
Lot Size 1.500 Acres
Acres 1.5
Property Description
BUY / HOLD * EXPAND or REDEVELOP
This property offers a rare opportunity to acquire a rent-stabilized, nine-unit multi-family investment property in the thriving city of Loveland, Colorado. Strategically located on I-34 in West Loveland, this property is a high-opportunity commercial destination zone situated in Larimer County's Growth Management Area.
RENT STABILIZED
Solid rent stabilization, strong cap rate with 100% tenancy for over five years.
CAPITAL IMPROVEMENTS
Property has experienced over $350,000 in capital improvements, upgrades and enhancements all meeting high quality standards.
ZONING
Commercial Destination (CD) zoning offers flexibility for various uses including multi-family, specified commercial, or hospitality development. Contact for specifics.
GROWTH MANAGEMENT ZONE
Located in Larimer County's Growth Management Zone, the property is poised to benefit from Larimer County's growth plan and incentives for the region.
OPTION for ANNEXATION INCENTIVES
Prime location (borders city limits) for potential annexation into the City of Loveland offering increased property value, potential tax benefits, enhanced municipal services and utilities, and a voice in new development in the area. In this application, annexation can lead to higher property values due to improved services and access to more favorable zoning regulations.
With its prime location, ample land, commercial destination zoning, and opportunities for expansion or redevelopment, this property is well-positioned to generate attractive returns for investors.
Whether seeking stable income, long-term growth, or strategic development opportunities, Tower Ridge Apartments presents a compelling investment proposition in a dynamic and rapidly growing market.
Contact for financials and due diligence info.
Tracy Taylor 303-883-4498
tracy@tracytaylorproperties.com
Location
State CO
County Larimer
Zoning Commercial
Interior
Fireplace N
Exterior
Parking Features Asphalt, Circular Driveway, Guest
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected
Roof Type Architecural Shingle
Total Parking Spaces 14
Garage No
Building
Lot Description Foothills, Landscaped
Sewer Septic Tank
Water Public
Structure Type Frame,Vinyl Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
GET MORE INFORMATION