Loveland, CO 80537,1170-1172 E 5th ST
Loveland, CO 80537,1170-1172 E 5th ST
Loveland, CO 80537,1170-1172 E 5th ST
Loveland, CO 80537,1170-1172 E 5th ST
Loveland, CO 80537,1170-1172 E 5th ST
Loveland, CO 80537,1170-1172 E 5th ST
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$500,000

$500,000

Est.Price: ?

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Est. payment /mo

8,712 Sqft Lot


SOLD DATE : 09/30/2024

Key Details

Sold Price $500,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Wilson Addition

MLS Listing ID IR1017060

Sold Date 09/30/24

HOA Y/N No

Originating Board recolorado

Year Built 1978

Annual Tax Amount $2,943

Tax Year 2023

Lot Size 8,712 Sqft

Acres 0.2

Property Description

ASK ABOUT HOW YOU CAN LIVE HERE WITH LOW MONTHLY PAYMENT AS AN OWNER OCCUPIED UNIT. This +/- 1,811 SF duplex on crawl space foundation with detached (4) car garage was built in 1978 and was remodeled in 2018 when converted from a house into a duplex. This property offers offers an excellent investment opportunity to acquire an infill property within minutes to Downtown Loveland on an 0.2 acre (8,640 SF) lot with no homeowners association. Recent property improvements include new exterior paint in 2024 and new roof and windows in 2018. Rear unit was constructed in 2018 with associated forced HVAC system and appliances. Detached four (4) car garage was resided in 2018. Excellent unit amenities including in unit washer/dryer for each unit, forced air heating, and fenced private backyard for rear unit and fenced patio for front unit. Future development potential with R3e Zoning, a high density residential zoning for established neighborhoods allowing for up to twenty (20) units per acre or four (4) dwelling units for the subject property. Current tenants are with long term tenants and are on a month-to-month lease. Pro forma rents of $1,600/month/unit based on rent survey, ask for details. Separately leased detached garage spaces with pro forma rents of $125/month. 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.

Location

State CO

County Larimer

Zoning Re3

Rooms

Basement Crawl Space

Interior

Interior Features Eat-in Kitchen, Open Floorplan

Heating Forced Air

Fireplace N

Appliance Dishwasher, Dryer, Oven, Refrigerator, Washer

Exterior

Fence Fenced

Utilities Available Cable Available, Electricity Available, Natural Gas Available

Roof Type Composition

Building

Lot Description Level

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Wood Frame

Schools

Elementary Schools Winona

Middle Schools Conrad Ball

High Schools Thompson Valley

School District Thompson R2-J

Others

Ownership Individual

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REColorado (REColorado MLS)
Listed by LC Real Estate Group, LLC • 3035888808
Bought with LPT Realty, LLC.
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8300 E Maplewood Ave Ste 100, Village, CO, 80111

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