Loveland, CO 80537 1502 E 5th St

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Presented By: C3 Real Estate Solutions LLC; 9706727212
  • MLS# 1038346
  • 07/03/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 4
  • SQFT • 3,456

Home Details

Fantastic 4-plex built in 1996 is an investment opportunity you don't want to pass on! As you know, a newer built 4 plex that has been WONDERFULLY maintained is very hard to find in Loveland. Excellent CAP rate for a property of this condition and low maintenance costs. All 4 units feature 2bed/1ba and include 2 off-street parking spaces. NEW roof 2020, all exterior windows (front and back) have been replaced, between 2017-2018 replaced bath/shower units and sliding bath doors, carpet in bedrooms, synthetic hardwood floors, kitchen appliances (dishwasher, sink, garbage disposals, range, and refrigerator. Brand new water heaters in two units, the other two replaced in 2017/2018. Asphalt drive/parking done in 2023. All electric units (no gas), separately metered - tenants pay. Garbage/Water/Sewer - owner currently pays. Cable TV/internet - tenants pay. Each unit has an 4' x 10' enclosed, locked storage area off each units back deck/patio. Currently there is no PM fee, owner self manages and pride of ownership is evident. All units have washer and dryer hookups, but 1504 and 1508 have washer and dryer units owned by seller so will convey.
Presented By: C3 Real Estate Solutions LLC; 9706727212

Interior Features for 1502 E 5th St

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NNo
BasementNone
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesSatellite Avail, High Speed Internet, Eat-in Kitchen, Open Floorplan, Outside Entry
Laundry FeaturesWasher/Dryer Hookups
Window FeaturesWindow Coverings

General for 1502 E 5th St

AccessibilityLevel Lot, Level Drive, Low Carpet, Main Floor Bath, Main Level Bedroom
AppliancesElectric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Attached Garage No
Cap Rate6.28
CityLoveland
Construction MaterialsWood/Frame, Composition Siding
CountyLarimer
DirectionsFrom Hwy 34, South on N Boise Ave, West on E 5th St to Property
ElectricElectric, Separate Meter Electricity, City of Lvld
Elementary SchoolWinona
Entry LocationOutside Entry
ExclusionsTenant's personal property. Washer and Dryer units in 1502 and 1506
Facing DirectionNorth
Garage Y/NNo
Gross Income68748
HOANo
HeatingBaseboard, Individual Heat Source
High SchoolMountain View
High School DistrictThompson R2-J
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet10763
Lot Size UnitsSquare Feet
MLS AreaLoveland/Berthoud
Middle/Junior High SchoolBill Reed
Net Operating Income55840
New ConstructionNo
Number Of Units Total4
Operating Expense12908
Other StructuresStorage
Patio/Porch FeaturesPatio, Deck
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
Stories Count2
Subdivision NameWater Addition
Tax Annual Amount3877
Tax Year2024
Tenant PaysDeposit, Electricity
UtilitiesElectricity Available, Cable Available
Year Built1996
ZoningR3E

Exterior for 1502 E 5th St

Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Level
Lot Size Acres0.25
Lot Size Area10763
Other ParkingParking Per Unit(2 Spaces/Unit)
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Lvld
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Winona Elementary School
High School Mountain View High School
Middle School Bill Reed Middle School

Jon Holsten

Price $849,000
MLS#1038346
List Date 07/03/2025
Property Type Income
Phone 970.237.2752
Request Tour
Request Info
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