1170 E 5th St
Loveland,
CO
80537
Property Details
List Price: |
$500,000 |
Beds: |
4 |
Baths: |
Full: 2 |
Status: |
Active |
SqFt: |
1780 Square Feet |
Agency: |
LC Real Estate Group, LLC |
Description/Comments
Lot Size: |
0 acre(s) |
Property Type: |
Residential Multi Family-Other |
Year Built: |
1978 |
Notes: |
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. |
MlsNumber: |
-- |
Estimate Your Monthly Payment
Listing Provided By: |
LC Real Estate Group, LLC, original listing |
Phone: |
(970) 402-6432 |
Office Phone: |
(970) 402-6432 |
Agent Name: |
Wayne Lewis |
Disclaimer: |
Copyright © 2024 Information and Real Estate Services, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |