Listed by Cushman & Wakefield - Fort Collins, Colorado
$1,775,000
4501 Boardwalk Dr, Building N
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,425
Net Rentable (SqFt) 7,425
Units 10
Cap Rate 4.97%
NOI $88,221
Occupancy 100%
Pro-Forma Cap Rate 7.17%
Pro-Forma NOI $127,186
Year Built 1984
Buildings 1
Stories 3
Acreage 0.170
Multifamily | 10 Units | $177,500/unit
Marketing description
Boardwalk Apartments is a 10-unit multifamily community in the heart of Fort Collins, one of Colorado’s fastest-growing and most desirable rental markets. The property combines recent capital improvements with strong upside potential, offering investors a stabilized asset priced well below market replacement cost.
Unit Mix: (2) Studios, (4) 1BR, (2) 1BR + Loft, (2) 2BR units
Recent CapEx: New windows & patio doors (2024); siding repairs & paint (2024)
Located just minutes from Colorado State University, Old Town Fort Collins, and major employers, the property attracts long-term tenants and benefits from consistent rental demand from students, young professionals, and workforce housing.
Listing Contacts
Listed by Cushman & Wakefield - Fort Collins, Colorado
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$88,221.00
$7,351.75/mo
Valuation Metrics
0
DSCR
4.97%
Cap Rate
4.97%
ROI
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