1170-1172 E 5th Street # 1170-1172 Loveland, CO $ 500,000
1170-1172 E 5th Street # 1170-1172
$ 500,000
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1170-1172 E 5th Street # 1170-1172

Loveland, CO, 80537
$ 500,000
Bedrooms4 Baths2.0 Sq 1,780

Monthly Estimate*

$ 3,493

Listed by LC Real Estate Group, LLC
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Multi-Family Home for sale in Loveland, CO

for $500,000 with 4 bedrooms and 2 full baths. This 1,780 square foot home was built in 1978 on a lot size of 0.2.

BACK ON THE MARKET! Buyer defaulted through no fault of the property. Unique opportunity to own an infill duplex with FOUR (4) separately rented detached garage spaces minutes from Downtown Loveland. Freshly painted and updated exterior trim. Current tenants are with long term tenants and are on a month-to-month lease. Pro forma rents of $1,450/month/unit. Broker average rent of $1,444/month or $1.84/SF (786 Avg Unit SF). Survey rent per SF of $1.84/SF applied to subject's 890 SF unit size is a monthly rent of $1,640/month. Property is eligible for Section 8 Housing Choice Voucher program (Ask for rent schedule). Separately leased detached garage spaces ($100/mo.) w/ market rent of $125/mo. or greater. Tenants pay separately metered gas and electricity. Sewer, storm, and trash charges are paid by owner and are reimbursable per lease. Owner pays for water and landscaping maintenance. Pro forma assumes owner bills back for water and tenants are responsible for landscaping maintenance.

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Multi-Family Active

Price

$ 500,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,943

Style

Duplex

Lot Size

0.2

Year Built

1978

Town/City

Loveland

County/Region

Larimer

MLS | Web ID

1704093

Features
General
Interior Features Eat-in Kitchen Open Floorplan
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Cable Available Electricity Available Natural Gas Available
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Dryer Oven Range Refrigerator Trash Compactor Washer
Zoning Re3
Garage Spaces 4
Construction Materials Frame Other
Exclusions Tenants and owners Personal Property.
Year Built 1978
Electric 110V
Tenant Pays Cable TV Electricity Gas Trash Collection
Levels One
Unit Number 1170-1172
Property SubType Duplex
Tax Year 2022
Percent Ownership Individual
Gross Income 36019
County Larimer
Operating Expense 6367
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Subdivision Name Wilson Addition
Status Active
Directions Drive west on US Hwy 34/Eisenhower from I-25. Turn south onto Madison Ave. Turn right onto 5th Street. Property is approx. 13th building on left.
High School Thompson Valley
City Loveland
Buyer Agent Compensation 2.8
Senior Community Y/N N
High School District Thompson R2-J
Lot Size Square Feet 8712
Carport Spaces 0
Street Name 5th
Listing Terms Cash Conventional FHA VA Loan
Elementary School Winona
Tax Annual Amount 2943
Middle/Junior High School Conrad Ball
Structure Type Duplex
Standard Status Active
Occupancy Description Tenant
Middle/Junior School District Thompson R2-J
Elementary School District Thompson R2-J
Cap Rate 7.3
Buyer Agent Compensation Type %
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Interior
Basement Crawl Space
Flooring Carpet Laminate Tile
Common Walls 1 Common Wall
Basement (Y/N) Y
Above Grade Finished Area 1780
Street Suffix Street
Laundry Features In Unit
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 2
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Exterior
Fencing Partial
Parking Features Driveway-Dirt
Lot Features Level
Water Source Public
Total Parking 4
Lot Size Area 0.2
Building Area Total 1780
Lot Size Acres 0.2
Lot Size Units Acres
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1170
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* Excluded Features
List By
Lc Real Estate Group, Llc

Broker

(303) 588-8808

Phone

Affordability Calculator

$3,738
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,493
Monthly Property Taxes
$245
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
732128 Elementary School
731836 Middle School
Thompson Valley High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2024$500,000 -6.37% Price Down
10/23/2023$534,000 Listed Price

Map


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1170-1172 E 5th Street # 1170-1172, Loveland, CO, 80537 is a Multi-Family Home for sale at $500,000 with 1,780 sqft and a lot size of 0.2. 1170-1172 E 5th Street # 1170-1172 has 4 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 80537 which is in Loveland, CO