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199 S Jefferson Ave 4 Unit Apartment Building Offered at $899,000 at a 6.10% Cap Rate Loveland, CO 80537
Investment Highlights
- 199 S Jefferson boasts very large units, all over 1,000 square feet.
- 2003 construction means fewer immediate maintenance costs and updated building standards.
- Individually metered units presents less operating expenses and complications with pass through utility billing.
- Rents are under market presenting an opportunity for investors to boost performance and maximize value.
Executive Summary
The 199 S Jefferson Ave Apartments is a fully-occupied 4-unit multifamily property in the heart of Loveland, Colorado, offered at $1,100,000 by MMG. Built in 2003, this newer build features all two-bed, one-bath units. With 8 off-street parking spaces and close proximity to popular local dining, retail, and major employers, 199 S Jefferson presents an opportunity for investors to acquire a stabilized asset in a central location with solid, ongoing rental demand.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $899,000 | Lot Size | 0.21 AC |
| Price Per Unit | $224,750 | Building Size | 4,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.10% | Year Built | 2003 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | R3E | ||
| Price | $899,000 |
| Price Per Unit | $224,750 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.21 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built | 2003 |
| Opportunity Zone |
Yes |
| Zoning | R3E |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $975.00 | 1,000 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 95242-49-002 | Improvements Assessment | $40,500 (2025) |
| Land Assessment | $12,500 (2025) | Total Assessment | $53,000 (2025) |
Property Taxes
Parcel Number
95242-49-002
Land Assessment
$12,500 (2025)
Improvements Assessment
$40,500 (2025)
Total Assessment
$53,000 (2025)
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199 S Jefferson Ave
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