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1806 E 16th St

Loveland, CO 80538
  • $539,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 1002896
UPDATED: 137 min ago
$539,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,695
    SQFT
  • $318
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Information

Elementary School:
High School:
School District:

Description

1806 - 1810 E 16th Street a stable investment property being offered to the market. This property has been under the management and ownership of the seller for the past 6 years and there have been no vacancies experienced in that time. Prospective tenants line up for the opportunity to live in this area due to the fact that is centrally located to work, lifestyle, and social settings. McKee Medical Center is an 11 min walk and a 2 min car ride both of which are influencing factors of prospective tenants that work at McKee and want to live close to work. Traveling nurses as your renter base? Access to I25 is 8 minutes by car and downtown is only a 7 minute drive. Pride of ownership is evident throughout this property. Luxury vinyl planking in all of the living and high traffic areas for low maintenance upkeep and comfortable carpet in the bedrooms. The furnaces are in great shape and the reports from 01/2024 are available. The hot water heaters are 6 and 7 years old. The roof is older but still in working condition and the owner is willing to consider a seller concession for the roof. All appliances are in good working order. Looking to enter the hot Northern Colorado real estate market as a home buyer? Duplexes allow you to purchase as a primary residence and have tenants paying down your mortgage, a great opportunity to get into the market at an affordable price point and have your overhead dramatically reduced. There are 2 parking spaces for each unit 1 in the attached garage and one in the driveway. On street parking is also an option in front of the units. Both units are leased through 08/31/2024.

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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 Downtown Real Estate Brokers, LLC.. Data last updated: 2024-02-27T23:42:01.567.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1806 E 16th St Loveland, CO 80538

  • Price: $539,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 137 min ago
  • MLS #: 1002896
4
Beds
2
Baths
0
½ Baths
0.14
Acres
1,695
SQFT
$318
$/SQFT
1972
Built
Neighborhood:
Mckee Meadows Add
County:
Larimer
Area:
08 Loveland/Berthoud area
Elementary School:
Peakview Academy At Conrad Ball
Middle School:
Peakview Academy At Conrad Ball
High School:
Mountain View
School District:
Thompson R2-J
Property Description
1806 - 1810 E 16th Street a stable investment property being offered to the market. This property has been under the management and ownership of the seller for the past 6 years and there have been no vacancies experienced in that time. Prospective tenants line up for the opportunity to live in this area due to the fact that is centrally located to work, lifestyle, and social settings. McKee Medical Center is an 11 min walk and a 2 min car ride both of which are influencing factors of prospective tenants that work at McKee and want to live close to work. Traveling nurses as your renter base? Access to I25 is 8 minutes by car and downtown is only a 7 minute drive. Pride of ownership is evident throughout this property. Luxury vinyl planking in all of the living and high traffic areas for low maintenance upkeep and comfortable carpet in the bedrooms. The furnaces are in great shape and the reports from 01/2024 are available. The hot water heaters are 6 and 7 years old. The roof is older but still in working condition and the owner is willing to consider a seller concession for the roof. All appliances are in good working order. Looking to enter the hot Northern Colorado real estate market as a home buyer? Duplexes allow you to purchase as a primary residence and have tenants paying down your mortgage, a great opportunity to get into the market at an affordable price point and have your overhead dramatically reduced. There are 2 parking spaces for each unit 1 in the attached garage and one in the driveway. On street parking is also an option in front of the units. Both units are leased through 08/31/2024.
Exterior Features

Architectural Style Ranch Construction Materials Wood/Frame Exterior Features Lighting Fencing Partial Horse YN No Levels One Lot Features CurbsGuttersSidewalksLevel Other Parking Parking Per Unit(2 Spaces/Unit) Patio And Porch Features Patio 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

Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryer Basement None Cooling Room Air Conditioner Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features Satellite AvailHigh Speed InternetEat-in Kitchen Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 847 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 847 Unit2 Total Baths 1

Property Features

Association YN No Cap Rate 5.06 Ditches Active YN No Electric Electric Exclusions Tenants personal property Gas Natural Gas Gross Income 32300 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventionalFHAVA Loan Locale Loveland Net Operating Income 27257.95 New Construction YN No Operating Expense 5042.05 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Senior Community YN No Special Listing Conditions Private Owner Tax Annual Amount 2029.05 Tax Year 2022 Tenant Pays DepositGasElectricityTrash Collection Unit1 Rent 1595 Unit2 Rent 1635 Utilities Natural Gas AvailableElectricity AvailableOtherCable Available Water Source City WaterCity of Loveland Zoning Resident

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Brian Rahaley of HomeSmart Fort Collins: 9702147736.



© 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 Downtown Real Estate Brokers, LLC.. Data last updated: 2024-02-27T23:42:01.567.

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