3609-3615 Butternut Drive

Loveland, CO 80538

$925,000
Price
8
Beds
4
Baths
3,548 Sq. Ft.
$261 / Sq. Ft.
3,548
Sq. Ft.
$261
per Sq. Ft.

Description

Great investment property in central Loveland, fully rented, 2 parking spots per unit (tandem) and nicely updated. All units painted in the last 2 yrs and new flooring too! All tenants are current and want to renew. Boiler heat ensures low utilities. Nice big well maintained yard to play or relax in. Tenants pay electric, cable and internet, owner pays water, sewer, trash, gas and common area electric. Nice CAP rate based off all units at $1450, which is very reasonable. Current rental rates are...Great investment property in central Loveland, fully rented, 2 parking spots per unit (tandem) and nicely updated. All units painted in the last 2 yrs and new flooring too! All tenants are current and want to renew. Boiler heat ensures low utilities. Nice big well maintained yard to play or relax in. Tenants pay electric, cable and internet, owner pays water, sewer, trash, gas and common area electric. Nice CAP rate based off all units at $1450, which is very reasonable. Current rental rates are $1355, 1375, and $1450 with the owner occupying one of the units as well. This is a simple investment with a nice return! Live in one and rent the other 3? Take some money out of the market and invest in a tangible asset? Make this your next investment!
  1. Listed by Benjamin Blonder • Keller Williams Realty NoCo • 9704206166

Amenities

  • Common Outdoor Space
  • Radiant Heating

Location

Listing Courtesy of Keller Williams Realty NoCo, Benjamin Blonder
Add your commute
LISTING UPDATED: 04/25/2024 12:13 AM

Property Details for 3609-3615 Butternut Drive

StatusActive / Backup
MLS #1000172
Days on Compass148
Taxes$3,387 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.31 AC / 13,379 SF
CountyLarimer County

Location

Listing Courtesy of Keller Williams Realty NoCo, Benjamin Blonder
Add your commute

Building Information for 3609-3615 Butternut Drive

Stories1Residences4Year Built1971Building Size-Lot Size0.31 AC / 13,379 SF

Payment Calculator

$5,330 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$282

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3609-3615 Butternut Drive

Summary
Location and General Information
  • Road Access 2: City Street
  • Longitude and Latitude: -105.08337, 40.42869
  • Latitude: 40.43
  • Longitude: -105.08
  • Elementary School District: Thompson R2-J
  • Middle Or Junior School District: Thompson R2-J
Parking
  • Total Parking: 8.00
Taxes and HOA Information
  • Tax Information: No
  • Tax Year: 2022
  • Tax Annual Amount: $3,387
  • Parcel Number: R0348821
Property
Lot Information
  • Lot Improvements: Curbs, Gutters, Sidewalks
  • Lot Size Area: 13,379.00
  • 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
  • Are Ditches Active: No
  • Security Features: Smoke Detector(s)
  • New Construction YN: No
  • Property Styles: 1
  • Levels: One, Two
  • Home Warranty YN: No
Utilities
  • Utilities 1: No
  • Electric: Electric, City
  • Gas: Natural Gas, Xcel
  • Sewer: City Sewer
  • Heating YN: Yes
Interior and Exterior Features
Exterior Features
  • Exterior Features: Lighting
Interior Features
  • ViewYN: No
  • Spa YN: No
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: 887
  • Unit 2's Number of Bedrooms: 2
  • Unit 2's Number of Baths: 1.00
  • Number of 2 bedroom units: 4
  • Number of units in Unit 2: 1
  • Unit 2's Estimated Square Feet: 887
  • Unit 3's Number of Bedrooms: 2
  • Unit 3's Number of Baths: 1.00
  • Unit 3's Estimated Square Feet: 887
  • Number of units in Unit 3: 1
  • Unit 4's Number of Bedrooms: 2
  • Unit 4's Number of Baths: 1.00
  • Unit 4's Estimated Square Feet: 887
  • Number of units in Unit 4: 1
Rental
Rental Information
  • Rent Unit 1: $1,450.00
  • Rent Unit 2: $1,450.00
  • Rent Unit 3: $1,375.00
  • Rent Unit 4: $1,355.00
  • Lease Sq Ft Unit: Square Feet
  • Total Actual Rent: $5,630.00
  • Horse YN: No

Schools near 3609-3615 Butternut Drive

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
Public - K to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Lucile Erwin Middle School
Public6 to 8

Loveland High School
Public9 to 12

Leap School
PublicK to 12

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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Listing Courtesy of Keller Williams Realty NoCo, Benjamin Blonder

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.