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1170 E 5th St MultiFamily $500,000 — Listed by Wayne Lewis, LC Real Estate Group, LLC

Updated on Apr 15, 2024

Unique opportunity to own an infill duplex with FOUR (4) separately rented detached... $500,000

Address 1170 E 5th St
Loveland, CO 80537
TypePurchase
Price$500,000
Bedrooms4
Bathrooms2
Living Area1,780 square feet
StatusActive
Listing Agent
(970) 402-6432
Office
1712 Topaz Drive
Loveland, CO 80537
(970) 402-6432
Located in LOVELAND, CO
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.

    Virtual tours

  • Media modification timestamp: 2023-10-27T06:51:16+00:00
  • https://v6d.com/yvr
  • Taxes

  • $2,943
  • Rooms

  • Bedroom: 4
  • Full bath: 2
  • General

  • Property type: MultiFamily
  • Property sub type: Other
  • Living area: 1780
  • Lot size: 0.2
  • Year built: 1978
  • Listing date: 2023-10-23
  • Listing title: Residential Income, Ranch - Loveland, CO
  • Full bathrooms: 2
  • Architecture style: Ranch
  • Is new construction: no
  • Num floors: 1.0
  • Roof types: Unknown
  • Listing Details

  • Mls name: Information and Real Estate Services, LLC
  • MLS Identifier: IRESCO
  • MLS Number: 998591
  • Provider name: LC Real Estate Group, LLC
  • Provider Category: Broker
  • Property Type: MultiFamily
  • Property sub type: Other
  • Listing Category: Purchase
  • Office Key: IRESCO-8LMHS
  • Office ID: 8LMHS
Copyright © 2024 Information and Real Estate Services, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

 

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