For Sale

Listed by Brian Mannlein from Cushman Wakefield

Source: Information and Real Estate Services, LLC #1070332

3310 Butternut Drive, Loveland, CO, 80538

$6,800,000

0.88 ac.

Other

•

1 day on the market

What's around 3310 Butternut Drive

About this property

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.

Looking for more information on 3310 Butternut Drive?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$74,000
31/4105 North Garfield Avenue
Loveland CO 80538
3
2
Other
Listing courtesy of KW Realty Downtown, LLC
For Sale
$280,000
11-104/4705 Hahns Peak Drive
Loveland CO 80538
2
2
1
Other
Listing courtesy of CENTURY 21 Elevated
For Sale
$300,000
4955 Hahns Peak Dr
Loveland CO 80538
2
2
1
Other
Listing courtesy of Coldwell Banker Realty-N Metro

Other properties for sale by Cushman Wakefield

For Sale
$882,090
5590 East Harmony Road
Timnath CO 80525
Land
Listing courtesy of Cushman Wakefield
For Sale
$1,227,974
3955 Peralta Drive
Loveland CO 80538
Land
Listing courtesy of Cushman Wakefield
For Sale
$735,000
1011 Birch Street
Weld County CO 80648
Land
Listing courtesy of Cushman Wakefield

Browse properties sold in nearby areas

Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. Copyright © IRES. Broker Reciprocity is the current compilation of active listings of all Broker Reciprocity subscribers except those listings where the seller or the seller's agency has opted out of Internet publication by so indicating on the listing contract or by written notice to the Multiple Listing Service. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user, Information deemed reliable but not Guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2026 Information and Real Estate Services, LLC. All rights reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent