Loveland, CO 80538 1302 E 16th St 1-4
$874,900
26 more
Presented By: High Point Homes; 9708171492
Beds • 8
Baths • 4
SQFT • 4,687
Garage • 2
Home Details
INVESTORS!!! Great 4-plex centrally located in Loveland, well maintained and cared for. All units are 2 bed 1 full bath. There are 2 identical units which are 2 stories. The other two floorplans are one story ranches. The property has an on site laundry room with coin operated machines. This property has wonderful mature trees, grassy areas for tenants, partially fenced yards and a sprinkler system. The garages are each 2 car garages with a side entrance. These are attached to the building but are not specifically attached to a unit, which makes them available to any renter. All units have in wall A/C units, ceiling fans, Refrigerators, Dishwashers and Electric Oven/Cooktop and Microwaves (Unit 1 & 3 do not have a microwaves) All units are currently rented with leases expiring May-July 2025. Walking distance to Downtown Loveland with everything else near by and walkable including city transportation. Seller is a Licensed Broker. Buyer to verify all deemed information. Operating Expenses entered are YTD through 9/30/2024. Tenants pay Electric. Owner pays water and gas.
Presented By: High Point Homes; 9708171492
Interior Features for 1302 E 16th St 1-4
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area
General for 1302 E 16th St 1-4
AccessibilityNear Bus
AppliancesElectric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
Architectural StyleContemporary/Modern
Attached Garage No
Cap Rate6.44
CityLoveland
Construction MaterialsBrick/Brick Veneer
CoolingRoom Air Conditioner, Ceiling Fan(s)
CountyLarimer
ElectricElectric, Separate Meter Electricity, City of Lovelan
Elementary SchoolPeakview Academy at Conrad Ball
ExclusionsTenants personal property
Exterior FeaturesLighting, Balcony
Garage Y/NNo
Gas Y/NNatural Gas, Xcel
Gross Income67180
HOANo
HeatingRadiant
High SchoolMountain View
High School DistrictThompson R2-J
Interior FeaturesEat-in Kitchen, Walk-In Closet(s)
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet11761
Lot Size UnitsSquare Feet
MLS AreaLoveland/Berthoud
Middle/Junior High SchoolPeakview Academy at Conrad Ball
Net Operating Income56386
New ConstructionNo
Number Of Units Total4
Operating Expense10794
Possible UseMulti-Family
Property Attached Y/NYes
Property ConditionNot New, Previously Owned
Property SubtypeAttached Dwelling
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive/Backup
Stories2
Subdivision NameMcKee Meadows
Tax Annual Amount3738
Tax Year2023
Tenant PaysDeposit, Electricity
Unit Number1-4
UtilitiesNatural Gas Available, Electricity Available
Virtual TourClick here
Waterfront Y/NNo
Year Built1969
ZoningRES
Exterior for 1302 E 16th St 1-4
FencingPartial
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Lawn Sprinkler System, Corner Lot, Level
Lot Size Acres0.27
Lot Size Area11761
Other ParkingParking Per Unit(2 Spaces/Unit)
Parking FeaturesAlley Access
Road Frontage TypeCity Street
Road Surface TypePaved, Concrete
SpaNo
Water SourceCity Water, City of Loveland
Additional Details
Price History
Schools
High School
Mountain View High School
Elementary School
Peakview Academy at Conrad Ball Elementary School
Middle School
Peakview Academy at Conrad Ball Middle School
