1170 E 5th St
Loveland, CO 80537

  • 4 beds
  • 2 baths
  • – sqft
  • 8,640 sqft lot
  • 1978 build
  • on site

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.

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Last checked: Checking… • Last updated Mar 30, 2024 •

MLS# 998591 —

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Sale history

Date Event Source Price % Change
3/2/24
Price Changed IRES $500,000 -6.4%
10/26/23
Listed / Active IRES $534,000 90.7% (16.5% / YR)
5/2/18
IRES $280,000

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Listing provided by broker:

Wayne Lewis

wlewis@lcrealestategroup.com

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This multifamily located in East Central Loveland, Loveland, CO 80537 is currently for sale for $500,000. 1170 E 5th St is a – square foot multifamily with 4 beds and 2 baths that has been on Estately for 192 days. 1170 E 5th St is in the East Central Loveland neighborhood of Loveland and has a WalkScore® of 53, making it somewhat walkable. This multifamily is in the attendance area of Winona Elementary School, Conrad Ball Middle School, and Mountain View High School.

Information and Realestate Services logo Listing Courtesy of: IRES

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