Listed by Brian Mannlein of Cushman & Wakefield (9707763900)

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EXTREMELY STRONG RENTAL MARKET - NOT OVERBUILT & STRONG DEMAND. This offering presents a rare opportunity to acquire a fully repositioned, 34-unit multifamily portfolio in Loveland, Colorado at $6,800,000. Spanning three buildings built between 1972 and 1978, the property has just completed a comprehensive, unit-by-unit renovation program, including new kitchens with granite countertops, updated bathrooms with new tile and fixtures, contemporary LVP flooring, all-new LED lighting, and energy-efficient appliances and thermostats throughout. Beyond the interiors, ownership invested heavily in the buildings' major systems and exteriors - new water heaters and electrical panel upgrades across two of the three buildings, new gutters, fresh sealcoat and striping, updated address signage, and a durable, low-maintenance stained (not painted) brick exterior. Together, these improvements substantially de-risk the near-term capital outlook for a new owner, removing the deferred-maintenance burden typically associated with 1970s-vintage garden-style assets and reducing the likelihood of significant capex or unplanned operational costs in the years immediately following acquisition. The hard work is already done - and the upside is still on the table. Ownership has absorbed the heaviest lift of the value-add plan, the renovation, leaving a new buyer with an immediate, low-risk growth story: current rents of $1,350/unit sit meaningfully below the $1,474 market average for comparable renovated product, with no further capital investment required to close that gap - just lease-up and renewal cycling. Layer in a $75/month utility reimbursement fee that isn't yet fully rolled out portfolio-wide, and the path to NOI growth of roughly 34% (Trailing 12 months to Pro Forma) comes into clear view. Butternut Apartments offers the best of both worlds: the stability of a turn-key asset paired with the upside of a value-add deal - without the execution risk.

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Listings courtesy of IRES MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 15, 2026 10:50 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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