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1170 E 5th St

Loveland, CO 80537
  • $500,000
  • STATUS: Active
  • ON SITE: 243 Days
  • MLS #: 998591
UPDATED: 173 min ago
$500,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,780
    SQFT
  • $281
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Information

Elementary School:
Middle School:
High School:
School District:

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.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daniels Group Real Estate. Data last updated: 2024-06-23T13:42:16.06.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.thedanielsgrouprealestate.com/homes/144627243
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1170 E 5th St Loveland, CO 80537

  • Price: $500,000
  • Status: Active
  • On Site: 243 Days
  • Updated: 173 min ago
  • MLS #: 998591
4
Beds
2
Baths
0
½ Baths
0.2
Acres
1,780
SQFT
$281
$/SQFT
1978
Built
Neighborhood:
Wilson Addition
County:
Larimer
Area:
08 Loveland/Berthoud area
Elementary School:
Winona
Middle School:
Ball (Conrad)
High School:
Thompson Valley
School District:
Thompson R2-J
Property 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.
Exterior Features

Architectural Style Ranch Construction Materials Wood/FrameComposition Siding Exterior Features Lighting Fencing FencedWood Horse YN No Levels One Lot Features CurbsGuttersSidewalksLawn Sprinkler SystemLevel Other Parking Parking Per Unit(2 Spaces/Unit) Parking Features Alley Access Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Structure Type Duplex Waterfront YN No

Interior Features

Accessibility Features Level Lot Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryerTrash CompactorDisposal Basement Crawl Space Heating Forced Air Heating YN Yes Interior Features Eat-in KitchenOpen Floorplan Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 890 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 890 Unit2 Total Baths 1 Unit3 Bedrooms 0 Unit3 Est Sq Ft 960 Unit3 Total Baths 0 Window Features Double Pane Windows

Property Features

Association YN No Cap Rate 7.3 Ditches Active YN No Electric ElectricCity Exclusions Tenants and owners personal property. Gas Natural GasXCEL Energy Gross Income 42038 Has Improvements No Has Water Rights No Income Includes Lease/RentsCommon Area FeesParking Listing Sub Status None Listing Terms CashConventionalFHAVA Loan Locale Loveland Net Operating Income 36516 New Construction YN No Operating Expense 5522 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 2943 Tax Year 2022 Tenant Pays DepositGasElectricitySewerTrash Collection Unit1 Rent 1450 Unit2 Rent 1450 Unit3 Rent 500 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity of Loveland Zoning Re3

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Wayne Lewis of LC Real Estate Group, LLC: wlewis@lcrealestategroup.com.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daniels Group Real Estate. Data last updated: 2024-06-23T13:42:16.06.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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