The interest in the Fort Collins apartment market is heating up even more! With the latest sale of The Mill House in Old Town Fort Collins to an investor out of New Jersey for $13.6 million, that equates out to $251,852 per unit according to the Colorado Real Estate Journal. This used to be a much less attractive side of Old Town, but we are seeing more and more development and re-development in the area. The increasing rents, especially in the realm of urban living has made it even more attractive for these investors.
The good news, is single family and smaller multiunit investments (like duplexes, triplexes, and fourplexes) are all seeing rental increases as well. The cash flow and yield numbers are working great on those as well even with the increase in pricing we have seen.
If you have any questions about this information, please feel free to give me a call to talk investment properties!
Happy Monday! I wanted to bring you some good news if you have not already heard, that according to the Colorado Real Estate Journal, an large retail/mixed use development will be coming to the I-25 and Crossroads Boulevard areaIt will be called the Brands at the Ranch and will be on the east side of I-25. It will be a three phase development, and will cost $572 million over 5 years. They plan on having a 12 screen I-MAX theater, restaurants, and 600 luxury apartment units. While this will be especially great for Loveland, the rest of Northern Colorado will benefit from the increased activity. They also plan to add another hotel to that area. Exciting times in Northern Colorado!
Check out the link below to see more info from the developer, and as always if you have any questions or need anything, feel free to click here and give me a call or shoot me an email!
I’m happy to announce that I am taking my involvement in the REALTOR organization to the state level! I was elected as the Northeast District Chairman for the Colorado Association of REALTORS, and my term has just begun. In this volunteer position, I will be the avenue of communication between the local boards in my District, and the State Association of REALTORS.
I really look forward to advancing the professionalism of REALTORS and the REALTOR brand, and I am certain that this position will give me even more insight for me to bring back to you all, the most important part of my business, my real estate clients!
If you or anyone you know are in need of buying or selling a home, please feel free to give me a call today and I’ll take you to lunch to talk about it!
Are you interested in taking advantage of the 16.1% appreciation year over year in Fort Collins or the 8.6% number in Loveland? Give me a call and I would love to give you an idea of what your market value is today, and what your equity is in your home. That way if you do decide to sell or refinance this spring, you’ll be in a position to know what you can expect! I can share the Windermere Certified Listing program with you that has successfully helped my sellers beat the market when it comes to days on market sold price. Have a great week!
I got back last night from this trip representing the Fort Collins Board of REALTORS as the 2015 Chair. It was fantastic to get to see the Association Staff and REALTORS that I met in Washington D.C. in May again, and build those relationships on behalf of my board and my clients. If you need a referral for anywhere in the country, please let me know as I have become friends with top producing agents in almost every state.
How does my trip to Chicago help you? In a few of different ways. First, you can be assured if you are buying outside of the Northern Colorado area, I will be able to connect you with a top agent in that community, maximizing your chances of an awesome experience buying a home! Second, I brought home new ways to market your listing, to get homes sold more quickly. You can be assured that the marketing of your home will be extensive and effective, which is important in this ever changing real estate market in Fort Collins. Finally, I learned ways to increase my productivity on the “behind the scenes” part of my business, which will make me more available to show you homes as a buyer and meet with you to get your home listed as a seller.
Call me and I would to go over some of the ways I learned that I can help you or someone you know who may be getting in to the real estate market. Have a great week!
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