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 is a 13-unit multifamily offering across three buildings and two parcels at 604 - 606 E Eisenhower Blvd in Loveland, Colorado. The property includes a converted office building and a converted motel with a diverse unit mix, creating flexibility for future repositioning or redevelopment. This fully occupied asset presents a value-add opportunity through below-market in-place rents, interior renovations, and operational improvements. Several units feature dated finishes and are well suited for updates to flooring, kitchens, bathrooms, fixtures, and appliances. B - Developing Business zoning supports continued apartment use and offers long-term flexibility for redevelopment or mixed-use repositioning.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,050,000 |
| No. of Units: | 13 |
| Year Built: | 1949 |
| Lot Size: | 0.55 Acres |
| Opportunity Zone: | No |
| Price per unit: | $80,769 |
| Property Website | Click Here |
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