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    201 South 1St St Loveland, CO 80534

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    For Sale
    $2,400,000

    Thirteen-unit apartment building in downtown Johnstown, Colorado.

    Property size:
    13,144 SF

    Property Features for 201 South 1St St

    General Information

    Size
    13,144 SF

    Building Details

    Year built
    1920

    Source: Quentin Shore Agent Quentin Shore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Johnstown Apartment Building For Sale

    The property at 201 E. South 1st Street is a 13-unit apartment building located in Johnstown, CO. The unit mix includes four 1-bedroom/1-bathroom units, six 2-bedroom/1-bathroom units, and three 3-bedroom/1-bathroom units. This turn-key investment is in excellent condition. The property has a new roof and gutters installed in 2017, and a new boiler was recently installed. The majority of the electrical panels in the units have been updated, along with the plumbing. There are 13 surface parking spots available. Large storage units are located in the basement, which tenants currently rent. The property is located in the heart of downtown Johnstown, with the ability to walk to numerous restaurants and retail stores. The area boasts a welcoming atmosphere and easy access to a variety of amenities, scenic parks, top-rated schools, and vibrant local culture, making it an attractive prospect for multifamily/low-rise/garden investment. Twelve out of thirteen units are fully renovated. With a history of strong occupancy rates and stable rental income, the property is poised to continue generating consistent cash flow. The building has a total size of 13,144 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Loveland
    County
    Larimer
    State
    Colorado
    Longitude
    -104.9044571
    Latitude
    40.334733

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    FAQs

    What type of property is this?
    Apartment building - Thirteen-unit apartment building in downtown Johnstown, Colorado.
    Where is this apartment building located?
    The property is located at 201 South 1St St Loveland, CO.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Turn-key investment requiring little to no capital injection due to excellent condition and recent renovations.; - Strong occupancy rates and stable rental income, poised to continue generating consistent cash flow.; - Newer roof (2017), new boiler, updated electrical panels in the majority of units, and updated plumbing.
    (720) 635-2863
    Request Owner's contact information
    201 South 1St St Loveland, CO 80534
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    Loveland, CO 80534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 South 1St St Loveland, CO 80534
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