SWEETHEART MULTIFAMILY INFILL DEVELOPMENT OPPORTUNITYin the heart of the city with very low vacancy rates. Prime 4.441 Acre R-3 infill site with many mature trees and 2 blocks from a large lake. Offered 21% BELOW APPRAISAL WITH EXCELLENT TERMS including OWC, JOINT VENTURE OR 1031 EXCHANGE. Possible assumption of $210,000 existing development loan with local bank. Much engineering done and includes 13 prepaid sewer taps, 5 manholes and 2 water lines. Preliminary approval for 72 unit apartment complex has been received from the city. If you don't desire 72 units, you might try 66 condos, 54 townhouses, 36 duplex/fourplex units, or 22 single family.Located in the nation's SWEETHEART CITY OF LOVELAND, CO, in Larimer County, one of the fastest growing counties in the nation with extremely low vacancy rates. A beautiful area at the mouth of the scenic Big Thompson Canyon and Gateway to the Rocky Mountain National Park.
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