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901 W Kelly Dr

Loveland, CO 80537
  • $550,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 1001877
UPDATED: 33 min ago
$550,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,416
    SQFT
  • $388
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Information

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

Description

Welcome to a lucrative investment opportunity at 901-903 W Kelly Dr, Loveland, CO 80537 - a strategically positioned duplex on Loveland's west side, just minutes from downtown. Perfect for an experienced investor or the first time home buyer looking to offset their mortgage payment with rental income. Give us a call to learn about FIRST TIME HOME BUYER PROGRAMS that allow multiunit properties with personal occupancy. This income-generating property features a well-designed duplex layout, with 901 currently leased for a year to a stable tenant at $1,650/month, ensuring immediate returns for savvy investors. Boasting a substantial 792 square feet, including an attached garage and backyard. Step out onto the covered patio and expansive fenced backyard, offering backyard access along the Big Barnes River. Unit, 903 (rental potential $1,500 to $1,700/mo.) underwent a beautiful renovation, enhancing its market appeal. Updates include a newly tiled kitchen and bath, fresh paint, Luxury Vinyl Plank flooring and upgraded doors, electrical outlets/covers and new baseboards. Both units share the enduring appeal of hardwood floors, providing a timeless aesthetic and ease of maintenance. Whether you're a seasoned investor or someone entering the real estate market, this duplex offers a blend of current income and future potential. The property's proximity to downtown Loveland, Parks & Schools ensures a high demand for rental units, making it an ideal addition to your investment portfolio. Explore the financial possibilities of 901-903 W Kelly Dr, where the beauty of waterfront living meets the promise of consistent returns. Schedule a showing today and seize the opportunity to elevate your investment strategy in Northern Colorado. NOTE: Seller will install w/d in unit 903 if buyer would prefer. The tradeoff is less storage space since it would have to go in the closet as a stackable w/d.

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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: 2024-02-24T07:42:26.457.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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901 W Kelly Dr Loveland, CO 80537

  • Price: $550,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 33 min ago
  • MLS #: 1001877
4
Beds
2
Baths
0
½ Baths
0.13
Acres
1,416
SQFT
$388
$/SQFT
1963
Built
Neighborhood:
Romer
County:
Larimer
Area:
08 Loveland/Berthoud area
Elementary School:
Garfield
Middle School:
Bill Reed
High School:
Loveland
School District:
Thompson R2-J
Property Description
Welcome to a lucrative investment opportunity at 901-903 W Kelly Dr, Loveland, CO 80537 - a strategically positioned duplex on Loveland's west side, just minutes from downtown. Perfect for an experienced investor or the first time home buyer looking to offset their mortgage payment with rental income. Give us a call to learn about FIRST TIME HOME BUYER PROGRAMS that allow multiunit properties with personal occupancy. This income-generating property features a well-designed duplex layout, with 901 currently leased for a year to a stable tenant at $1,650/month, ensuring immediate returns for savvy investors. Boasting a substantial 792 square feet, including an attached garage and backyard. Step out onto the covered patio and expansive fenced backyard, offering backyard access along the Big Barnes River. Unit, 903 (rental potential $1,500 to $1,700/mo.) underwent a beautiful renovation, enhancing its market appeal. Updates include a newly tiled kitchen and bath, fresh paint, Luxury Vinyl Plank flooring and upgraded doors, electrical outlets/covers and new baseboards. Both units share the enduring appeal of hardwood floors, providing a timeless aesthetic and ease of maintenance. Whether you're a seasoned investor or someone entering the real estate market, this duplex offers a blend of current income and future potential. The property's proximity to downtown Loveland, Parks & Schools ensures a high demand for rental units, making it an ideal addition to your investment portfolio. Explore the financial possibilities of 901-903 W Kelly Dr, where the beauty of waterfront living meets the promise of consistent returns. Schedule a showing today and seize the opportunity to elevate your investment strategy in Northern Colorado. NOTE: Seller will install w/d in unit 903 if buyer would prefer. The tradeoff is less storage space since it would have to go in the closet as a stackable w/d.
Exterior Features

Architectural Style Ranch Construction Materials Brick/Brick VeneerVinyl Siding Door Features Storm Door(s) Exterior Features Lighting Fencing FencedChain Link Horse YN No Levels One Lot Features CurbsGuttersSidewalksLawn Sprinkler SystemLevelWithin City LimitsRiver AccessRiver Front Other Parking Parking Per Unit(Less Than 1) Parking Features Garage Door Opener Patio And Porch Features Patio Road Frontage Type City Street Road Surface Type PavedConcrete Roof Composition Spa YN No Structure Type Duplex View Mountain(s) Waterfront Features River Front Waterfront YN No

Interior Features

Accessibility Features Main Floor BathMain Level Bedroom Appliances Electric Range/OvenRefrigeratorMicrowave Basement None Cooling Central AirAttic Fan Cooling YN Yes Flooring Wood Floors Heating Forced Air Heating YN Yes Interior Features Eat-in KitchenSeparate Dining RoomOpen FloorplanStain/Natural Trim Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 792 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 624 Unit2 Total Baths 1 Window Features Double Pane Windows

Property Features

Association YN No Cap Rate 6.37 Ditches Active YN No Electric Electric Exclusions Seller and tenant personal property. Gas Natural Gas Gross Income 37800 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventionalFHAVA Loan Locale Loveland Net Operating Income 35042 New Construction YN No Operating Expense 2758 Possible Use Single FamilyMulti-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 1918 Tax Year 2022 Tenant Pays DepositGasElectricitySewerTrash Collection Unit1 Rent 1650 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity of Loveland Zoning RES

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Todd Maltzahn of Berkshire Hathaway-FTC: 9702265511.



© 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: 2024-02-24T07:42:26.457.

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