- Strong In-Place Cash Flow with Upside Potential
- Zoning Unlocks Development Opportunities
- Recent Capital Improvements Enhance Value
- Additional Income Drivers
- Prime Downtown Loveland
- Access to Key Northern Colorado Markets
Strong In-Place Cash Flow with Upside Potential
168 S Lincoln Ave offers investors immediate income with strong in-place monthly cash flow. With current rents below market, there is clear upside through rental escalations. The property’s well-maintained condition allows for organic upside without requiring major renovations.
Zoning Unlocks Development Opportunities
The property is zoned R3e under the City of Loveland’s land use code, allowing for a wide range of residential development options. Investors have the flexibility to explore duplexes, townhouses, multiplexes, or infill multifamily, making this a unique opportunity to either maintain a cash-flowing asset or reposition for higher density.
Recent Capital Improvements Enhance Value
Significant recent capital expenditures have been completed, reducing near-term maintenance concerns. A brand-new roof was installed in August 2024, and a new sewer line was recently added. Most boilers have been replaced within the past two years. Additionally, 19 of the 21 units have been updated with new flooring, fresh paint, plumbing upgrades, and modernized bathrooms. New windows were also installed within the past year.