Loveland, CO 80537
1143 East 5th Street is just minutes from Centerra, Lovelands premier shopping, dining, and entertainment development in addition to the Medical Center of the Rockies which is a 166-private bed facility adjacent to 150,000 SF of medical office space. The property offers an incredibly attractive unit mix consisting of all two-bedroom/one-bath units averaging +/- 825 square feet. Units feature an open floor plan with fully-appointed kitchens including dishwashers and garbage disposals. All units are individually metered for electricity. Based on the current rents in place, 1143 East 5th Street offers investor one of the highest returns on the market today. Based on the current rent roll and trailing 12 month expenses, the cap rate at list is 7.10% with upward trending income.
JUSTIN HUNT with APARTMENT REALTY ADVISORS
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