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3609 Butternut Dr

Loveland, CO 80538
  • $939,500
  • STATUS: Active
  • ON SITE: 85 Days
  • MLS #: 1000172
Price Reduced
UPDATED: 83 min ago
$939,500
  • 8
    BEDS
  • 0.31
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,548
    SQFT
  • $265
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Information

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

Description

Great investment property in central Loveland, fully rented, 2 parking spots per unit (tandem) and nicely updated. All units painted in the last 2 yrs and new flooring too! This property will be a cash cow for you! Boiler heat ensures low utilities. Nice big well maintained yard to play or relax in. Tenants pay electric, cable and internet, owner pays water, sewer, trash, gas and common area electric. Nice CAP rate based off all units at $1450, which is very reasonable. Current rental rates are $1355, 1375, and $1450 with the owner occupying one of the units as well. This is a simple investment with a nice return! Live in one and rent the other 3? Take some money out of the market and invest in a tangible asset? Make this your next investment!

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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: 2024-02-24T06:43:51.85.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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3609 Butternut Dr Loveland, CO 80538

  • Price: $939,500
  • Status: Active
  • On Site: 85 Days
  • Updated: 83 min ago
  • MLS #: 1000172
8
Beds
4
Baths
0
½ Baths
0.31
Acres
3,548
SQFT
$265
$/SQFT
1971
Built
Neighborhood:
Sunset Acres
County:
Larimer
Area:
08 Loveland/Berthoud area
Elementary School:
Lincoln
Middle School:
Erwin, Lucile
High School:
Loveland
School District:
Thompson R2-J
Property Description
Great investment property in central Loveland, fully rented, 2 parking spots per unit (tandem) and nicely updated. All units painted in the last 2 yrs and new flooring too! This property will be a cash cow for you! Boiler heat ensures low utilities. Nice big well maintained yard to play or relax in. Tenants pay electric, cable and internet, owner pays water, sewer, trash, gas and common area electric. Nice CAP rate based off all units at $1450, which is very reasonable. Current rental rates are $1355, 1375, and $1450 with the owner occupying one of the units as well. This is a simple investment with a nice return! Live in one and rent the other 3? Take some money out of the market and invest in a tangible asset? Make this your next investment!
Exterior Features

Architectural Style Ranch Construction Materials Wood/Frame Exterior Features Lighting Fencing PartialWood Horse YN No Levels OneTwo Lot Features CurbsGuttersSidewalks Other Parking Parking Per Unit(1 Space/Unit) Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances All AppliancesDisposal Basement None Heating Radiant Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 887 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 887 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 887 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Est Sq Ft 887 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 5.86 Ditches Active YN No Electric ElectricCity Exclusions Tenants and owner's personal property Gas Natural GasXcel Gross Income 70140 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventionalVA Loan Locale Loveland Net Operating Income 55094 New Construction YN No Operating Expense 15046 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 3387 Tax Year 2022 Tenant Pays DepositGasElectricityWater Unit1 Rent 1450 Unit2 Rent 1450 Unit3 Rent 1375 Unit4 Rent 1355 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Zoning R3E

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Benjamin Blonder of Keller Williams Realty NoCo: 9704206166.



© 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: 2024-02-24T06:43:51.85.

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