INVESTORS!!! Great 4-plex centrally located in Loveland, well maintained and cared for. All units are 2 bed 1 full bath. There are 2 identical units which are 2 stories. The other two floorplans are one story ranches. The property has an on site laundry room with coin operated machines. This property has wonderful mature trees, grassy areas for tenants, partially fenced yards and a sprinkler system. The garages are each 2 car garages with a side entrance. These are attached to the building but are not specifically attached to a unit, which makes them available to any renter. All units have in wall A/C units, ceiling fans, Refrigerators, Dishwashers and Electric Oven/Cooktop and Microwaves (Unit 1 & 3 do not have a microwaves) All units are currently rented with leases expiring May-July 2025. Walking distance to Downtown Loveland with everything else near by and walkable including city transportation. Seller is a Licensed Broker. Buyer to verify all deemed information. Operating Expenses entered are YTD through 9/30/2024. Tenants pay Electric. Owner pays water and gas.
Prime location duplex offering- Income property built in 1968 with R3e - Established High Density Residential Zoning. 1120-1122 E 15th Street is a stable investment opportunity with one legacy tenant. New Roof in 2023. Side by side duplex with each side offering 2 beds and 1 bath with fenced backyard and in unit laundry. 1120 side has recently been remodeled with LVT flooring, butcher block countertops, new light fixtures, fresh paint, and new hardware. 1122 side is occupied. Unit is leased through 8/31/2025 for 24-25 year at a rental rate of $1375/month. Prospective rent for remodeled unit 1120 is $1600/month. There are 2 parking spaces, 1 for each unit with on street parking available in the front of the units.
This 4-unit apartment building presents a unique opportunity for investors or owner-occupants to acquire a value-add asset in a highly desirable market. With the potential for increased rents through targeted renovations, this property has the capability to provide significant returns for new ownership. The building is situated on an 8,491-square-foot-foot lot, just north of downtown Loveland, and is located within minutes of major highways and public transportation, providing convenient access to all that the city has to offer. 1421 N Madison features an excellent unit mix comprised of spacious 1-bedroom 1-bath plus den units, with on-site coin-operated laundry and ample off-street parking for the tenants. Value-add potential to further increase NOI through converting the units to 2-bedrooms.
The median home value in Loveland, CO is $482,200. This is lower than the county median home value of $531,700. The national median home value is $338,100. The average price of homes sold in Loveland, CO is $482,200. Approximately 60.85% of Loveland homes are owned, compared to 35.76% rented, while 3.39% are vacant. Loveland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Loveland real estate agent to arrange a tour today!
Loveland, Colorado 80538 has a population of 75,938. Loveland 80538 is less family-centric than the surrounding county with 28.23% of the households containing married families with children. The county average for households married with children is 31.78%.
The median household income in Loveland, Colorado 80538 is $73,907. The median household income for the surrounding county is $80,664 compared to the national median of $69,021. The median age of people living in Loveland 80538 is 40.2 years.
The average high temperature in July is 87.3 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 16.1 inches per year, with 46.1 inches of snow per year.