Dynamic Opportunity - Buy/Hold - Expand or Redevelop

Tower Ridge Apartments at 4012 W Eisenhower Blvd in Loveland, CO is a rare gem offering a dynamic investment opportunity.​ Priced at $1,300,000, this rent-stabilized property features nine units with 100% occupancy for over five years, providing a steady income stream.​

Situated in the high-opportunity commercial destination zone of Larimer County's Growth Management Area, the property has seen over $350,000 in capital improvements and is ready for the next stage.​

Investors can choose to buy and hold for stable income, expand the property for increased rental capacity, or pursue redevelopment for larger projects.​ The commercial destination zoning allows for versatile use including multi-family, commercial, or hospitality development.​

With its prime location near major transportation routes and amenities, Tower Ridge Apartments is an attractive investment opportunity for those seeking long-term growth and strategic development potential in the vibrant city of Loveland.​

Tower Ridge Apartments at 4012 W Eisenhower Blvd offers a rare opportunity to acquire a rent-stabilized, nine-unit multi-family investment property in the thriving city of Loveland, Colorado. Strategically located on I-34 in West Loveland, this property is a high-opportunity commercial destination zone situated in Larimer County’s Growth Management Area.

Buy/Hold – Expansion – Redevelop

1) Buy and hold for stable income

2) Expand property to increase rental capacity; or

3) Pursue land redevelopment for larger scope projects

Location

Conveniently located in West Loveland, minutes from both downtown Loveland and short drive to Estes Park, the property provides easy access to major transportation routes, amenities, entertainment venues and employment centers.

Rent-Stabilization

With solid rent stabilization and 100% tenancy for over five years, this property ensures a steady income stream with a solid cap rate and increases year over year.

Capital Improvements

Property has experienced over $350,000 in capital improvements, upgrades and enhancements all meeting high quality standards.

Beautiful restoration of units

* New roofing and gutters on all buildings

* Champion professional grade siding and insulation throughout all buildings

* Champion work included new soffits and fascia boards, doors and frames

* New insulated windows

* New hot water heaters

* Electrical upgrades to code conformity throughout

* Sidewalks installed in front of units

* Patios installed in rear of each unit (except #1/2)

* New asphalt drive with curbing and parking markers.

* 25' light pole by the main road

* Removal of blight structures in the interior drive area and replaced with beautiful landscaping

* Decorative water feature by front drive

* Removal of one dozen dead trees encroaching on the buildings and tenant areas

*Zoning permits redevelopment or expansion