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1109 E 4th St

Loveland, CO 80537
  • $1,270,000
  • STATUS: Active Under Contract
  • ON SITE: 110 Days
  • MLS #: 968046
Under Contract
UPDATED: 57 min ago
$1,270,000
  • 6
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,298
    SQFT
  • $202
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1934
County:

School Information

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

Description

Visit DownloadOffering.com/4thStreet for full investment package and access to due diligence materials. Duplex and eight unit mobile home investment with irreplaceable grandfathered zoning in a walkable Downtown Loveland location. Below market average in-place rent at $880 per unit, no rent increases in years create rent upside. Vested right to replace units creates future tiny home development opportunity by upgrading units. Low long term property taxes with taxes through DMV for mobile units.

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© 2022 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 SW Team | RE/MAX Alliance. Data last updated: 2022-09-28T21:41:47.337.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.soldbystephco.com/homes/129701803
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1109 E 4th St Loveland, CO 80537

  • Price: $1,270,000
  • Status: Active Under Contract
  • On Site: 110 Days
  • Updated: 57 min ago
  • MLS #: 968046
6
Beds
0
Baths
0
½ Baths
0.4
Acres
6,298
SQFT
$202
$/SQFT
1934
Built
Neighborhood:
Riley Bell
County:
Larimer
Area:
08 Loveland/Berthoud area
Elementary School:
Truscott
Middle School:
Reed (Bill)
High School:
Thompson Valley
School District:
Thompson R2-J
Property Description
Visit DownloadOffering.com/4thStreet for full investment package and access to due diligence materials. Duplex and eight unit mobile home investment with irreplaceable grandfathered zoning in a walkable Downtown Loveland location. Below market average in-place rent at $880 per unit, no rent increases in years create rent upside. Vested right to replace units creates future tiny home development opportunity by upgrading units. Low long term property taxes with taxes through DMV for mobile units.
Exterior Features

Construction Materials Brick/Brick VeneerBlockMetal Siding Exterior Features Lighting Fencing Partial Horse YN No Lot Features CurbsGuttersSidewalksFire Hydrant Within 500 FeetCorner LotLevelWithin City Limits Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof CompositionMetal Spa YN No Waterfront YN No

Interior Features

Basement Partial Cooling None Cooling YN No Heating Forced AirSuspended Heaters Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 1 Unit1 Est Sq Ft 732 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 732 Unit2 Total Baths 1 Unit3 Bedrooms 0 Unit3 Est Sq Ft 520 Unit3 Total Baths 0 Unit4 Bedrooms 1 Unit4 Est Sq Ft 357 Unit4 Total Baths 1

Property Features

Association YN No Business Type Incorporated AreaOther Commerical Cap Rate 7.39 Ditches Active YN No Electric ElectricCity Gas Natural GasXcel Energy Gross Income 124552 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status Backup Listing Terms CashConventional Locale Loveland Net Operating Income 93869 New Construction YN No Operating Expense 30683 Possible Use Multi-FamilyMobile Homes Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Sale Includes Building(S)LandLeases Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 2723 Tax Year 2021 Tenant Pays DepositGasElectricity Unit1 Rent 1200 Unit2 Rent 1700 Unit3 Rent 250 Unit4 Rent 925 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Loveland Zoning Re3

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Wayne Lewis of Lc Real Estate Group, Llc: 9706677000.



© 2022 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 SW Team | RE/MAX Alliance. Data last updated: 2022-09-28T21:41:47.337.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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Loveland CO, 80538