BrokerageMultifamily

Loveland Multifamily Town Homes Acquired for $4.3M

Loveland, COGreystone Unique Apartment Group, multifamily division of Unique Properties, Inc., recently brokered the sale of a 34-unit multifamily asset located at 701 South Tyler Street in Loveland, Colorado. The Property sold for $4,340,000 or $127,647 per unit. This off-market transaction closed on January 10, 2017.

701 South Tyler Street is a 34,954-square foot property constructed in 1971. The Property consists of four buildings with a total of thirty-four (34) two-bedroom townhome units averaging 1,040 square feet. The seller added value to the Property by renovating the units including new cabinets, countertops, flooring, and bathroom upgrades. The buyer intends to raise rents to market values and cash flow from the Property.

Image courtesy of Greystone Unique Apartment Group

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