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2354 10th St SW

Loveland, CO 80537
  • $985,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 975348
UPDATED: 14 min ago
$985,000
  • 10
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,852
    SQFT
  • $256
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Information

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

Description

Qualified investors have the opportunity to acquire this cash flowing asset in the heart of Loveland. With two 3-bedroom units, two 2-bedroom units, and 8 reserved parking spaces, this property has had historically low vacancy. Two units were recently remodeled, leaving an opportunity for value-add renovations to the remaining two units to increase annual NOI. High demand for these rental units continues to drive rental increases. The last unit that leased in Aug 2022 received 40+ applications.

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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 Downtown Real Estate Brokers, LLC.. Data last updated: 2022-10-05T21:41:25.14.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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2354 10th St SW Loveland, CO 80537

  • Price: $985,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 14 min ago
  • MLS #: 975348
10
Beds
0
Baths
0
½ Baths
0.23
Acres
3,852
SQFT
$256
$/SQFT
1979
Built
Neighborhood:
Loch Lon
County:
Larimer
Area:
08 Loveland/Berthoud area
Elementary School:
Milner (Sarah)
Middle School:
Clark (Walt)
High School:
Thompson Valley
School District:
Thompson R2-J
Property Description
Qualified investors have the opportunity to acquire this cash flowing asset in the heart of Loveland. With two 3-bedroom units, two 2-bedroom units, and 8 reserved parking spaces, this property has had historically low vacancy. Two units were recently remodeled, leaving an opportunity for value-add renovations to the remaining two units to increase annual NOI. High demand for these rental units continues to drive rental increases. The last unit that leased in Aug 2022 received 40+ applications.
Exterior Features

Construction Materials Wood/Frame Horse YN No Levels Bi-Level Lot Features Level Patio And Porch Features Patio Roof Composition Spa YN No Waterfront YN No

Interior Features

Basement Daylight Building Area Total 3852 Cooling Ceiling Fan(S) Cooling YN Yes Heating Baseboard Heating YN Yes Living Area Source Appraiser Unit1 Bedrooms 3 Unit1 Est Sq Ft 1036 Unit1 Total Baths 2 Unit2 Bedrooms 2 Unit2 Est Sq Ft 861 Unit2 Total Baths 1 Unit3 Bedrooms 3 Unit3 Est Sq Ft 1040 Unit3 Total Baths 2 Unit4 Bedrooms 2 Unit4 Est Sq Ft 888 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 5.72 Ditches Active YN No Electric Electric Exclusions Tenant's Personal Property Gross Income 71160 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/RentsDeposits ForfeitedLaundry Listing Sub Status None Listing Terms CashConventional Locale Loveland Net Operating Income 56393.13 New Construction YN No Operating Expense 14766.87 Possible Use Multi-Family Property Condition Not NewPreviously Owned Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 3727.73 Tenant Pays Electricity Unit1 Rent 1760 Unit2 Rent 1170 Unit3 Rent 1870 Unit4 Rent 1200 Utilities Electricity Available Water Source City WaterCity Water Zoning R3

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of David Katz of Waypoint Real Estate: 9706325050.



© 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 Downtown Real Estate Brokers, LLC.. Data last updated: 2022-10-05T21:41:25.14.

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