604 – 606 E Eisenhower Blvd

• - Acquisition price-per-unit basis (100k/unit) compares favorably to recent small-multifamily sales across Loveland and the broader Northern Colorado region
• - Opportunity to improve management practices, streamline expenses, and optimize utilities, supporting NOI expansion beyond renovation-driven rent increases
• - Several units feature dated finishes and are well-suited for a light to moderate renovation scope, including flooring, kitchens, bathrooms, fixtures, and appliances, enabling meaningful rent growth
• - Favorable Developing Business (Loveland – B) zoning, permitting multifamily residential uses by right through administrative approval, minimizing entitlement risk and supporting long-term redevelopment potential
• - Central Loveland positioning along a primary regional corridor (Highway 34) with strong connectivity to Fort Collins, Greeley, Estes Park, and the broader Northern Colorado employment base, supporting durable renter demand

Property Description

The Valley Apartments consists of 13 units across Three (3) buildings, centrally located at 604 - 606 E Eisenhower Blvd Loveland, Colorado. The property spans two separate parcels, including a converted office building with Five (5) units comprised of Four (4) 1bed/1bath and One (1) studio unit, and a second parcel featuring Eight (8) units from a converted motel consisting of Five (5) 1bed/1bath units, One (1) studio, One (1) large 2bed/1bath unit, and One (1) #bed/1bath unit. The asset represents a true value-add opportunity driven by below market in place rents, interior renovation potential, and operational inefficiencies. Several units feature dated finishes and offer immediate upside through a light to moderate renovation program including flooring, kitchens, bathrooms, fixtures, and appliances, with market rents in the Loveland submarket supporting meaningful rent growth upon turnover. Additional upside exists through utility expense optimization, improved property management practices, and lease restructuring, while the two parcel configuration and diverse unit mix provide flexibility for future repositioning or redevelopment. The property is zoned B (Developing Business) under the City of Loveland Unified Development Code, a flexible mixed use commercial district that supports both residential and commercial uses and provides a low entitlement risk profile for continued apartment operations and future redevelopment. Multifamily residential, multiplex, general apartment, and infill multifamily uses are classified as Allowed Uses within the district and are permitted by right through a streamlined administrative approval process without discretionary review or public hearings. The district also permits a broad range of complementary commercial uses including office, professional services, restaurants, and personal services, reinforcing the corridor’s mixed-use character and supporting long term neighborhood stability. Duplexes, townhomes, assisted living, and other specialized residential formats may be permitted subject to additional administrative standards, while heavy industrial and disposal related uses are not consistent with the district’s intent, preserving the residential and neighborhood-oriented nature of the corridor and providing long term flexibility for repositioning, densification, or mixed-use redevelopment. The property is centrally located along Highway 34, one of Northern Colorado’s primary East/ West transportation corridors connecting Loveland to Fort Collins, Greeley, Estes Park, and the broader Front Range. The site benefits from strong visibility, consistent through traffic, and direct regional access, positioning the property within easy commuting distance of major employment centers, retail nodes, and lifestyle amenities across Northern Colorado. The surrounding area features a balanced mix of residential, retail, and service uses that support durable tenant demand and daily convenience, while the corridor location provides efficient access to Downtown Loveland and the broader Northern Colorado employment base. Loveland’s continued growth as a regional employment and lifestyle hub further enhances long term renter demand and neighborhood stability.