Loveland, CO 80537 920 N Douglas Ave

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Presented By: Kittle Real Estate; 9702189200
  • MLS# 1034901
  • 05/23/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 4
  • SQFT • 3,234

Home Details

All 4 Tenants have renewed for 2025-2026! Seize the opportunity to invest in a prime real estate asset with this 4-unit apartment complex located in the vibrant heart of Loveland. This property features three 2-bed/1-bath units and one 1-bed/1-bath unit, each offering a strong rental history. Extensive improvements throughout the property include fresh paint, upgraded flooring, and modern kitchen appliances, ensuring minimal upkeep and long-term value. Additional storage is available for each unit in the newly rebuilt sheds. The shared on-site coin-operated laundry room and a private, off-street parking lot are added conveniences. Located just 2 miles from the bustling downtown area, tenants will love the convenience of nearby fine dining, breweries, boutique shopping, lively nightlife, and year-round events. A short stroll brings you to the serene Lake Loveland, a perfect draw for tenants seeking relaxation and outdoor recreation. Each unit has its own electric meter, and the tenants pay for their electricity. The other utilities are on single meters. Currently, the landlord pays the other utilities, and the tenants reimburse them for a portion of the expenses. Both water heaters were replaced in 2023. The roof was replaced in 2018 and was verified to be in excellent condition in 2024. The operating expenses are based on the current property management company.
Presented By: Kittle Real Estate; 9702189200

Interior Features for 920 N Douglas Ave

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesOutside Entry

General for 920 N Douglas Ave

AppliancesElectric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
Attached Garage No
Cap Rate5.91
CityLoveland
Construction MaterialsBrick/Brick Veneer
CoolingRoom Air Conditioner, Ceiling Fan(s)
CountyLarimer
ElectricElectric, Separate Meter Electricity, City of LVLD
Elementary SchoolGarfield
Entry LocationOutside Entry
ExclusionsTenants Personal Property
Garage Y/NNo
Gas Y/NNatural Gas, Master Meter-Gas, Xcel Energy
Gross Income62912
HOANo
HeatingHot Water, Baseboard
High SchoolThompson Valley
High School DistrictThompson R2-J
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet7740
Lot Size UnitsSquare Feet
MLS AreaLoveland/Berthoud
Middle/Junior High SchoolBill Reed
Net Operating Income47302
New ConstructionNo
Number Of Units Total4
Operating Expense15610
Other StructuresStorage
Possible UseMulti-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameMechalke
Tax Annual Amount3629
Tax Year2024
Tenant PaysDeposit, Electricity
UtilitiesNatural Gas Available, Electricity Available
Virtual TourClick here
Year Built1974
ZoningR3e

Exterior for 920 N Douglas Ave

Horse Y/NNo
Lot Size Acres0.18
Lot Size Area7740
Road Frontage TypeCity Street
Road Surface TypeAsphalt
SpaNo
Water SourceCity Water, City of Loveland
WaterfrontY/NNo

Additional Details

Price History

Schools

Elementary School Garfield Elementary School
High School Thompson Valley High School
Middle School Bill Reed Middle School

Jon Holsten

Price $800,000
MLS#1034901
List Date 05/23/2025
Property Type Income
Phone 970.237.2752
Request Tour
Request Info
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