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3609 Butternut Dr

Loveland, CO 80538
  • $885,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 1018495
Price Reduced
UPDATED: 57 min ago
$885,000
  • 8
    BEDS
  • 0.31
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,548
    SQFT
  • $249
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

This is a turn key investment property, fully occupied with long term leases in central Loveland! NO HOA and 2 parking spots per unit (tandem) and nicely updated. Interior of all units painted appx 2 years ago, and exterior was just repainted this summer, and new flooring in three out of the four apartments. Lots of work done recently to the entire 4 plex, it's ready to go. Updated bathrooms. Programable sprinkler system. Coin operated laundry by a third party adds some income. 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. Current rental rates are #3609 $1400, #3611 $1470, #3613 $1375, and 3615 is owner occupied but worth $1450. 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!

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-10-15T07:40:54.3.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/155102294
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3609 Butternut Dr Loveland, CO 80538

  • Price: $885,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 57 min ago
  • MLS #: 1018495
8
Beds
4
Baths
0
½ Baths
0.31
Acres
3,548
SQFT
$249
$/SQFT
1971
Built
Neighborhood:
Sunset Acres
County:
Larimer
Area:
08 Loveland/Berthoud area
Elementary School:
Lincoln
Middle School:
Erwin, Lucile
High School:
Loveland
School District:
Thompson R2-J
Property Description
This is a turn key investment property, fully occupied with long term leases in central Loveland! NO HOA and 2 parking spots per unit (tandem) and nicely updated. Interior of all units painted appx 2 years ago, and exterior was just repainted this summer, and new flooring in three out of the four apartments. Lots of work done recently to the entire 4 plex, it's ready to go. Updated bathrooms. Programable sprinkler system. Coin operated laundry by a third party adds some income. 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. Current rental rates are #3609 $1400, #3611 $1470, #3613 $1375, and 3615 is owner occupied but worth $1450. 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!
Exterior Features

Architectural Style Ranch Construction Materials Wood/Frame Exterior Features Lighting Fencing Partial Horse YN No Levels OneTwo Lot Features CurbsGuttersSidewalksLevel Other Parking Parking Per Unit(2 Spaces/Unit) Patio And Porch Features Patio Road Frontage Type City Street Road Surface Type PavedConcrete Roof Composition Spa YN No Waterfront YN No

Interior Features

Accessibility Features Level Lot Appliances All Appliances Basement None Heating Radiant Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 887 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 887 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 887 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Est Sq Ft 887 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 6.2 Ditches Active YN No Electric ElectricCity Exclusions Tenants and owners personal property Gas Natural GasXcel Gross Income 70140 Has Improvements No Has Water Rights No Income Includes Lease/RentsLaundry Listing Sub Status None Listing Terms CashConventionalFHAVA Loan Locale Loveland Net Operating Income 54897 New Construction YN No Operating Expense 15243 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 3584 Tax Year 2023 Tenant Pays DepositGasElectricityWater Unit1 Rent 1400 Unit2 Rent 1470 Unit3 Rent 1375 Unit4 Rent 1400 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Zoning RES

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Benjamin Blonder of Keller Williams Realty NoCo: 9704206166.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-10-15T07:40:54.3.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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