201 South 1St St Loveland, CO 80534
Thirteen-unit apartment building in downtown Johnstown, Colorado.
Property size:
13,144 SFProperty Features for 201 South 1St St
General Information
- Size
- 13,144 SF
Building Details
- Year built
- 1920
Source:
Pinnaclerea
Listing Agent: Chris Knowlton
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Loveland
- County
- Larimer
- State
- Colorado
- Longitude
- -104.9044571
- Latitude
- 40.334733
Nearby Similar for Sale
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.