$500,000
Loveland, CO 80537
- 0.20 Acres
- Larimer County
- 4 Beds
- 2 Baths
Key Features
- Property Type: Residential Income
- Status: Active
- MLS® ID: 998591
- Year Built: 1978
- Lot/Acreage: 0.2
- County: Larimer
- Neighborhood: Wilson Addition
Interior Details
- Bedrooms: 4
- Bathrooms: 2
- Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Trash Compactor, Disposal
- Heating: Forced Air
- Basement: Crawl Space
- Water: City Water, City of Loveland
Exterior Details
- Zoning: Re3
- Roof: Composition
- Sewer: City Sewer
- Virtual Tour Link: View Tour #1
Description
Unique opportunity to own an infill duplex with FOUR (4) separately rented detached garage spaces minutes from Downtown Loveland. Freshly painted and updated exterior trim. Current tenants are with long term tenants and are on a month-to-month lease. Pro forma rents of $1,450/month/unit. Broker average rent of $1,444/month or $1.84/SF (786 Avg Unit SF). Survey rent per SF of $1.84/SF applied to subject's 890 SF unit size is a monthly rent of $1,640/month. Property is eligible for Section 8 Housing Choice Voucher program (Ask for rent schedule). Separately leased detached garage spaces ($100/mo.) w/ market rent of $125/mo. or greater. Tenants pay separately metered gas and electricity. Sewer, storm, and trash charges are paid by owner and are reimbursable per lease. Owner pays for water and landscaping maintenance. Pro forma assumes owner bills back for water and tenants are responsible for landscaping maintenance.
Location
- Address: 1170-1172 E 5th St Loveland CO 80537
- City: Loveland
- State: CO
- Zip: 80537
Drive west on US Hwy 34/Eisenhower from I-25. Turn south onto Madison Ave. Turn right onto 5th Street. Property is approx. 13th building on left.
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Listing # Courtesy of Wayne Lewis of LC Real Estate Group, LLC. Last Updated: March 30, 2024.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
