Eleven13 apartments is a well-located two and three story, low-rise apartment community in Northern Colorado’s most desirable market, Fort Collins. Totaling 107 units, the property offers a mix of two and three bedroom apartment units ranging from 750 to 1,456 square feet. The unit mix entails 102 two bedroom, one bathroom units, three (3) two bedroom, two-and-a-half bathroom townhome units, and two (2) three bedroom, three bathroom townhome units. Built in 1966 and renovated in 2017, the property sits on 3.43 acres of land which equates to a density of 31.20 units per acre.
Located in the heart of Fort Collins, Eleven13 is steps from Colorado State University’s sprawling, 5,000 acre campus, which makes the property an ideal destination for students seeking off-campus housing. Unit amenities at the property include, air conditioning, microwaves, spacious floor plans, plush carpet, and oversized closets. Property amenities include fitness center, hot tub, clubhouse, laundry facilities, and assigned parking.
Eleven13 offers an investor the ability to acquire a well-located assert situated in the third largest MSA in Colorado and the third fastest growing job market in the country. Located at the basin of the Rocky Mountains in northern Colorado, Fort Collins offers a small college-town feel with a dynamic mix of natural beauty, a variety of entertainment options, and burgeoning employment hub. With the expectation of the population to surpass 174,250 residents by 2024, Fort Collins is often a long-term destination for Millennials seeking higher education at Colorado State University. With a Fall 2020 enrollment of roughly 32,765 students, Colorado State University is a key driver in the local economy with over 105,000 CSU alumni residing in Colorado. According to MarketWatch, Fort Collins is ranked number 4 among the “Best U.S. Cities to Raise a Family”. By combining a distinct downtown with retailers, restaurants, and entertainment with 40,000 acres of natural areas, Fort Collins truly offers four season recreation for its residents. acres of natural areas, Fort Collins truly offers four season recreation for its residents.
2 & 3
Gross Leasable Area
31.20 Units Per AC
Wood Frame Masonry Veneer
Vinyl Plank, Carpet
The property is steps to Colorado State University which is the flagship institution in the CSU system and a significant driver in the Fort Collins economy. With a fall 2020 enrollment of more than 32,646 students, CSU’s supply-constricted housing capacity which can only support 6,600 students makes Eleven13 and ideal destination for the 81% of CSU students in need of off-campus housing.
According to the Fort Collins Board of Realtors, the median single-family home price in Fort Collins was $463,600 in February 2021, up 4.17% from the previous year. Further, a staggering 41% of the city’s housing units are renter-occupied. Despite population growth of more than 25,365 individuals since 2010, only 3,228 market rate apartment units have been built during the same time.
Eleven13 is packed with thoughtful community amenities and features including fitness center, bike storage, hot tub, clubhouse, pool table, assigned parking, professional management, media center, barbeques, package concierge, and courtyard.
Eleven13 provides residents with direct access to numerous employment hubs and job centers. Major employers in Fort Collins include Colorado State University, UCHealth, and Broadcom, all of which are within 4 miles of the property and support a total of approximately 14,000 jobs. Additional notable Fort Collins employers include Hewlett Packard Enterprise, Otter Products, Columbine Health Systems, and Qualfon.
Located along the Front Range of the Rocky Mountains, Fort Collins provides exceptional access to the outdoors. With 40,000 acres of natural areas, 50 city parks, and an excess of 280 miles of trails, Fort Collins offers a wide array of outdoor recreation. Whether camping, hiking, fishing, golfing, cross country skiing, horseback riding, or kayaking, Fort Collins residents enjoy year-round outdoor adventure.
In Fort Collins, 71% of city workers are in white-collar positions, while 54% of residents age 25 and older hold a bachelor’s degree or higher. In addition, median household income is projected to reach $73,927 by 2025, up 15.7% from 2020. Astoundingly, 29% of Fort Collins households earn $100,000 or more annually. Further, 31% of Fort Collins residents are within the key renter age of 18 to 35 years old.
Colorado State University
Colorado State University (CSU) in Fort Collins is the CSU System’s flagship institution and a key driver in the local economy.
UCHealth Poudre Valley
UCHealth Poudre Valley Hospital is a regional medical center that offers a wide array of primary and specialized health services to northern Colorado, southern Wyoming, and western Nebraska residents.
Broadcom, a global infrastructure technology leader, operates a semiconductor plant in Fort Collins.
Woodward, Inc. is a major manufacturing company for aerospace and industrial markets.
OtterBox is a privately owned consumer electronics accessory company based in Fort Collins, Colorado that produces water-resistant, shock-resistant, and drop-resistant cases for mobile devices.
Qualfon, Inc. is a global provider and leader of call center, back office, and business process outsourcing services.
Columbine Health Systems
Columbine Health Systems operates five nursing home centers totaling 478 beds in the Fort Collins metro area.
Tolmar develops and manufactures both proprietary and generic pharmaceutical products with specific focus in dermatology, oncology, and specialty injectable therapeutic areas.
Senior Managing Director
1113 West Plum Street, Fort Collins, CO 80521
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