Marcus & Millichap is pleased to present Fox Meadows Apartments, a 138-unit multifamily asset located on South Timberline Road in the highly desirable and fast-growing Fort Collins market. Originally delivered in 2000, Fox Meadows combines quality construction with long-term affordability appeal, offering a unique mix of market-rate and rentrestricted apartment homes in one of Colorado’s most dynamic and supply-constrained rental markets. The property’s location in southeast Fort Collins provides residents with immediate access to nearby retail, employment centers, and outdoor recreation, positioning it as a top choice for workforce and lifestyle renters alike.
Located at 3644 South Timberline Road, Fox Meadows Apartments lies within minutes of the Harmony Road corridor—home to major employers, grocery anchors, and entertainment options—while also offering seamless access to downtown Fort Collins, Colorado State University, and major roadways including I-25 and US-287. The community is less than five minutes from Front Range Village, a premier shopping and dining destination, and is surrounded by parks, bike paths, and preserved open space, reinforcing its appeal to residents seeking a true live-work-play lifestyle.
Fox Meadows comprises 56 one-bedroom and 82 two-bedroom units, with a total of 63 units rent-restricted at 50% and 60% AMI, and the remaining 75 units offered at market rates. This mix of affordability and market-driven pricing positions the asset for both long-term stability and significant operational upside through strategic management and upgrades, with current rents for market-rate units being more than $550/month below that of similar, competing units. With Fort Collins experiencing strong population growth, rising home prices, and consistent renter demand, Fox Meadows offers investors the opportunity to acquire a well-located asset with embedded affordability and significant longterm value and operational upside.
Offering a highly desirable mix of affordability, community, and access, Fox Meadows stands out as a rare opportunity to acquire scale in Fort Collins with built-in rent stability and meaningful upside. The property’s strategic location, strong physical fundamentals, and combination of affordable and market-rate units ensure consistent demand and the ability to capture future rent growth. With limited new supply in the area, Fox Meadows is well positioned for strong performance and value appreciation
Strategic Fort Collins Location Positioned along South Timberline Road, Fox Meadows offers residents easy access to major employers, Colorado State University, and retail amenities along the Harmony Road corridor, driving consistent renter demand.
Scale and Unit Mix The 138-unit community features 56 one-bedroom and 82 two-bedroom layouts, with 63 units under affordability restrictions and 75 market-rate units, creating a balanced mix of stability and upside.
Embedded Rent Growth Market-rate units currently lease for more than $550 per month below comparable properties, presenting a clear path for significant rent growth through strategic management and unit upgrades.
Affordable Housing Stability Rent-restricted units at 50% and 60% AMI ensure long-term occupancy stability, while allowable rent increases provide steady revenue growth in line with CHFA guidelines.
Value-Add Opportunities Renovations on market-rate units are projected to generate rent premiums of $550+ per month with returns exceeding 50% annually, offering strong ROI potential.
Additional Income Potential Implementing utility bill-back on market-rate units could add over $46,000 in annual income, translating to nearly $1 million in asset value creation at market cap rates.
Fort Collins Market Fundamentals With limited new supply, strong population and wage growth, and rising home prices, Fort Collins continues to demonstrate high renter demand and barriers to ownership, supporting long-term value appreciation.
License #: FA100103127
(303) 328-2035matthew.berk@marcusmillichap.com