- Walkable Downtown Location
- Strong Demographics & Market Growth
- Recent Capital Improvements
- Value-Add Potential
- Long-Term Upside
Walkable Downtown Location
The property’s location is one of its strongest attributes. Just a short walk from the revitalized downtown area, tenants enjoy immediate access to restaurants, boutique shopping, entertainment, and essential community services such as the Chilson Recreation Center, The Health Center, Foundry Plaza, and the public library. Further enhancing the area’s appeal is the Heart Improvement Plan, a city-backed initiative aimed at transforming Fourth Street with ADA-compliant sidewalks, pedestrian lighting, bike racks, and public art, improving both livability and long-term desirability.
Strong Demographics & Market Growth
Demographically, Loveland offers a strong foundation for rental housing. With over 95% of residents holding a high school diploma and more than a third attaining a bachelor’s degree or higher, the city boasts a well-educated workforce that supports a diverse economy. Between 2000 and 2023, Loveland’s population grew by approximately 52.8%, reaching nearly 80,000 residents. This sustained growth reflects consistent demand for quality rental housing and supports the long-term value of multifamily investments in the area.
Recent Capital Improvements
The property has benefited from several recent capital improvements. A Class 4 shingle roof was installed in 2022, gutters were replaced in 2014, double-pane windows were added in 2006, and R30 insulation was installed in the attic in 2004. Most units feature updated bathroom vanities, while Unit 1 has newer kitchen countertops and Unit 3’s cabinets were refinished last fall. The original kitchen cabinets across units remain in solid condition and are routinely maintained between tenants. While the furnace is original (1972), it continues to operate reliably and with minimal maintenance.
