248 East 4th Street, Loveland, CO 80537

PRIME DOWNTOWN LOVELAND LOCATION

Situated on E. 4th Street in the heart of Loveland's walkable arts and dining corridor, the property sits steps from the Rialto Theater, Loveland Museum, Benson Sculpture Garden, and a thriving brewery scene — one of the most coveted addresses in the downtown submarket and a natural draw for quality, long-term tenants.

SIGNIFICANTLY DE-RISKED CAPITAL PROFILE

The property underwent a comprehensive renovation in 2016, funded in part by a $423,559 City of Loveland grant covering building-wide sprinkler installation. Further, a full electrical overhaul, new heating infrastructure and new roof were installed in 2023. This investment significantly reduces near term capex risk and reflects the city's long-term commitment to the building's role in Loveland's downtown fabric.

DIVERSIFIED, STABILIZED INCOME STREAM

27 residential units combined with three established retail tenants across 21,004 SF produces a balanced income mix. Retail alone generates approximately $106,500 annually at close, underpinned by leases with 3% annual escalations and personal guarantees extending through 2029–2030.

VALUE-ADD OPPORTUNITY

Lincoln Apartments offers a straightforward value-add play on a fully renovated, stabilized asset in the heart of downtown Loveland. With major capital already deployed — including a city-funded sprinkler system, new electrical, heating, and roof — an incoming owner faces minimal near-term capex while inheriting a below-market rent roll with measurable upside. Professional management, modern leasing systems, and market-rate pricing are the primary levers needed to close the gap to the asset's true earning potential.

HISTORIC CHARACTER & DOWNTOWN CHARM

Lincoln Apartments is a rare piece of Loveland's architectural fabric — a historic mixed-use building that has anchored E. 4th Street's eclectic downtown corridor for decades. Its vintage character and authentic street presence attract the arts minded residents and established retailers that define Loveland's cultural identity, creating an irreplaceable asset that new construction simply cannot replicate.

STRONG MARKET FUNDAMENTALS SUPPORTING RENT GROWTH

The Fort Collins–Loveland MSA recorded a 2025 median family income of $127,600, with downtown Loveland apartments averaging $1,342–$1,715 per month. With current rents at or below market and a supply-constrained downtown submarket, the property offers a clear, low-friction path to organic income growth over the hold period.