168 S Lincoln Ave

Capstone Apartments Partners is pleased to present 168 S Lincoln St: a 21-unit apartment community in Loveland, Colorado. The well-maintained property was built in 1935 and provides a unique opportunity to investors for a property with strong in place cash flow and the availability to develop in the heart of downtown Loveland. Under R3e zoning, the City of Loveland allows for a variety of development opportunities including townhouses, multiplexes, duplexes, and infill multifamily. The recently finished mixed-use development, the Foundry, is just blocks from the property and boasts a 155-unit multifamily apartment as well as retail and dining. The City of Loveland provides residents ample opportunities to enjoy a vibrant community and proximity to the Colorado outdoors.

INVESTMENT HIGHLIGHTS:
» Desirable value-add opportunity through rent escalations in a fast growing market
» Strong in-place monthly cashflow with rental increase upside in as-is condition
» Zoning presents lucrative development opportunity.
Currently zoned under code R3e, allowing for: duplexes, townhouses, multiplexes, and infill multifamily.
» Ample off-street parking and on-site laundry help boost other income.
» Recent Cap Ex includes: Brand new roof installed in August 2024, majority of boilers replaced within the past 2 years, and new windows replaced within the past year. 19/21 units have also been updated within the past couple of years that include flooring, paint, plumbing, and bathroom remodels.
» Brand new sewer line.

LOCATION HIGHLIGHTS:
» Located blocks from Downtown and the new mixed-use Foundry Development
» Loveland has a small town feel with big city resources and easy access to Boulder and Fort Collins
» Near shopping, retail, and Loveland’s newly expanding dining and entertainment scene.