1170-1172 East 5th Street, Unit 11701172

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

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...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.
  1. Listed by Wayne Lewis • LC Real Estate Group, LLC • wlewis@lcrealestategroup.com,303-588-8808
  2. Listed by Wayne Lewis • LC Real Estate Group, LLC

Property Details for 1170-1172 East 5th Street, Unit 11701172

Structure Type
Duplex
Architectural Style
Duplex
Levels
One
Stories
1
Subdivision Name
Wilson Addition
Association
No
Basement
Yes

Location

Listing Courtesy of LC Real Estate Group, LLC, Wayne Lewis; LC Real Estate Group, LLC, Wayne Lewis
Add your commute
LISTING UPDATED: 04/05/2024 07:04 PM

Property Details for 1170-1172 East 5th Street, Unit 11701172

StatusActive
MLS #1704093
Days on Compass176
Taxes$2,943 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.20 AC / 8,712 SF
CountyLarimer County

Location

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

Building Information for 1170-1172 East 5th Street, Unit 11701172

Stories-Residences-Year Built1978Building Size-Lot Size0.20 AC / 8,712 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, Unit 11701172

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 1780
  • Sqft Total: 1780
  • Living Area (SqFt Finished): 1780
  • Above Grade Finished Area: 1780
  • Living SqFt: 1780
  • Sq Ft Apx: 0
  • Below Grade Unfinished Area: 0
  • Area Source: Public Records
  • PSF Total: 281
  • PSF Above Grade: 281
  • PSF Finished: 281
  • Master on Main: No
  • Basement: Crawl Space
  • Heating: Forced Air
  • Cooling: None
  • Interior Features: Eat-in Kitchen, Open Floorplan
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Trash Compactor, Washer
  • Laundry Features: In Unit
Bed & Bath Summary
Bedrooms
  • Bedrooms Total: 4
Bathrooms
  • Bathrooms Total: 2
Unit Information
Unit 1
  • Unit Type: 2 Bedroom
  • Units Total: 2
  • Unit Average Rent: $1,250.00
  • Unit Average Sq Ft: 890
  • Beds Total: 2
  • Baths Total: 1
  • Number Of Refrigerators: 1
  • Number Of Stoves: 1
Parking
Parking
  • Parking Features: Driveway-Dirt
  • Attached Garage: No
  • Parking Type: Garage (Detached)
  • Parking Description: Garage (Detached)-4
  • Parking Details: 4
  • Parking Total: 1
  • Garage Spaces: 4
  • Offstreet Spaces: 0
  • Parking Count: 4
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
  • Senior Community: No
Site & Location Information
School Information
  • Elementary School: Winona
  • Elementary School District: Thompson R2-J
  • Middle Or Junior School: Conrad Ball
  • Middle Or Junior School District: Thompson R2-J
  • High School: Thompson Valley
  • High School District: Thompson R2-J
Site & Location Information
  • Lot Size Acres: 0
  • Lot Size Square Feet: 8712
  • Lot Features: Level
  • Zoning: Re3
  • Fencing: Partial
  • Property Exclusions: Tenants and owners Personal Property.
Building Information
Outbuildings
  • Out Building Count: 0
  • Horse: No
Building Information
  • Construction Materials: Frame, Other
  • Roof: Composition
  • Common Walls: 1 Common Wall
  • Livable Structure Count: 0
  • Unit Count: 1
Water & Utilities
Water & Utilities
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Sewer: Public Sewer
  • Electric: 110V

Schools near 1170-1172 East 5th Street, Unit 11701172

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, Unit 11701172 is a multi-family home for sale in Loveland, CO 80537. This property was listed for sale on October 26, 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, Unit 11701172 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; LC Real Estate Group, LLC, Wayne Lewis

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