1170-1172 East 5th Street

Loveland, CO 80537

$500,000
Price
4
Beds
2
Baths
1,780 Sq. Ft.
$281 / Sq. Ft.
1,780
Sq. Ft.
$281
per Sq. Ft.

Description

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...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.
  1. Listed by Wayne Lewis • LC Real Estate Group, LLC • wlewis@lcrealestategroup.com

Property Details for 1170-1172 East 5th Street

Description 1
Duplex

Location

Listing Courtesy of LC Real Estate Group, LLC, Wayne Lewis
Add your commute
LISTING UPDATED: 03/30/2024 03:05 PM

Property Details for 1170-1172 East 5th Street

StatusActive
MLS #998591
Days on Compass188
Taxes$2,943 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.20 AC / 8,640 SF
CountyLarimer County

Location

Listing Courtesy of LC Real Estate Group, LLC, Wayne Lewis
Add your commute

Building Information for 1170-1172 East 5th Street

Stories1Residences6Year Built1978Building Size-Lot Size0.20 AC / 8,640 SF

Payment Calculator

$2,974 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,729

Property Taxes

$245

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1170-1172 East 5th Street

Summary
Location and General Information
  • Road Access 2: City Street
  • Longitude and Latitude: -105.06134, 40.39654
  • Latitude: 40.40
  • Longitude: -105.06
  • Elementary School District: Thompson R2-J
  • Middle Or Junior School District: Thompson R2-J
Parking
  • Parking Features: Alley Access
Taxes and HOA Information
  • Tax Information: No
  • Tax Year: 2022
  • Tax Annual Amount: $2,943
  • Parcel Number: R0694126
Virtual Tour
Property
Lot Information
  • Lot Improvements: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Level
  • Lot Size Area: 8,640.00
  • Lot Size Units: Square Feet
  • Has Irrigation Water Rights: No
  • Has Improvements: No
Property and Assessments
  • Total Finished Area Source: Assessor
  • Total Finished Area Units: Square Feet
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Location Description 2: No
  • Pano Url Position: 1
  • Property Attached YN: Yes
  • Are Ditches Active: No
  • Security Features: Smoke Detector(s)
  • New Construction YN: No
  • Property Styles: 1
  • Levels: One
  • Home Warranty YN: No
Utilities
  • Utilities 1: No
  • Electric: Electric, City
  • Gas: Natural Gas, XCEL Energy
  • Sewer: City Sewer
  • Heating YN: Yes
Interior and Exterior Features
Exterior Features
  • Exterior Features: Lighting
Interior Features
  • ViewYN: No
  • Interior Features: Eat-in Kitchen, Open Floorplan
  • Spa YN: No
  • Window Features: Double Pane Windows
Multi Family
Multi-Family Information
  • Unit 1's Number of Bedrooms: 2
  • Unit 1's Number of Baths: 1.00
  • Number of units in Unit 1: 1
  • Unit 1's Estimated Square Feet: 890
  • Unit 2's Number of Bedrooms: 2
  • Unit 2's Number of Baths: 1.00
  • Number of 2 bedroom units: 2
  • Number of units in Unit 2: 1
  • Unit 2's Estimated Square Feet: 890
  • Unit 3's Number of Bedrooms: 0
  • Unit 3's Number of Baths: .00
  • Unit 3's Estimated Square Feet: 960
  • Number of units in Unit 3: 4
Rental
Rental Information
  • Rent Unit 1: $1,450.00
  • Rent Unit 2: $1,450.00
  • Rent Unit 3: $500.00
  • Lease Sq Ft Unit: Square Feet
  • Total Actual Rent: $3,400.00
  • Horse YN: No

Schools near 1170-1172 East 5th Street

This home is within Thompson R2-J School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Winona Elementary School
PublicK to 5

Conrad Ball Middle School
Public6 to 8

Mountain View High School
Public9 to 12

New Vision Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1170-1172 East 5th Street is a multi-family home for sale in Loveland, CO 80537. This property was listed for sale on October 23, 2023 by LC Real Estate Group, LLC, it's currently listed at $500,000. This listing's school district is Thompson R2-J School District. Nearby schools include Winona Elementary School, Conrad Ball Middle School and Mountain View High School. 1170-1172 East 5th Street is a 4-bed, 2-bath, 1,780 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LC Real Estate Group, LLC, Wayne Lewis

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.