199 S Jefferson Ave Loveland, CO 80537

Property Details for 199 S Jefferson Ave

Year built

2003

Property type

Investment properties

Property subtype

Residential income homes

Description

This exceptional investment opportunity presents a fully occupied four-unit apartment building situated at 199 S Jefferson Ave in Loveland, Colorado. Offered at $1,100,000, this 4,000 square foot property, built in 2003, boasts four spacious two-bedroom, one-bathroom units, each exceeding 1,000 square feet. The property includes eight off-street parking spaces, a significant advantage in a desirable location. Its central location provides easy access to a variety of local amenities, including popular restaurants, retail establishments, and major employers, ensuring consistent rental demand. The individually metered units simplify utility billing and reduce operating expenses. The newer construction minimizes immediate maintenance needs and reflects updated building standards. Currently operating below market rents, this property offers a compelling opportunity for investors to increase profitability and maximize the asset's value. The 0.21-acre lot provides ample space for the building and parking. This is a stabilized asset in a high-demand area, presenting a strong return on investment.