Listing Details

Property Description

Rare Multifamily Development Opportunity in Loveland! A fantastic opportunity to bring your next investment project to life at 1625 E. 15th Street in Loveland. This vacant, multifamily-zoned lot offers a significant head start on development, with approximately $250, 000 in infrastructure improvements completed since the land was purchased, including sewer line construction and preparation for an eight-unit multifamily project. Water Rights for the property have been paid, estimated at $100K, adding further value for the next owner. The seller's architectural plans feature eight 2-bedroom, 2-bathroom units, including two ADA-accessible units. The plans were previously approved and expired in August 2025, providing a starting point as you pursue new permits or bring your own vision. There may also be an opportunity to explore building more units-or fewer-depending on your plans and applicable City of Loveland requirements. Think of this property as a blank slate for your next project. Explore the possibilities, whether you envision a multifamily investment or a different configuration that aligns with your goals. With substantial infrastructure work already completed, the sewer lines prepared for development, and water fees paid, you can take the next step toward bringing your vision to life. A soil test is available upon request. Located in the McKee Meadows subdivision, the property offers convenient access to shopping, medical facilities, and Interstate 25. Current proposed projects: Projected gross annual rental income of approximately $240, 000, based on estimated rents of $2, 500 per month for each of eight units. Bring your vision and explore the potential of this well-positioned Loveland development opportunity!