Loveland, CO 80538 3609 Butternut Dr

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Presented By: Century 21 Signature Realty North, Inc.; 720-788-0191
  • MLS# 3840691
  • 01/14/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 4
  • SQFT • 3,548
  • Garage • 8

Home Details

Investor alert! 3609 Butternut Drive is an income producing 4-unit rental property offering steady cash flow and excellent growth potential. Each unit features 2 bedrooms, 1 bath, with updated bathrooms and spacious layouts that appeal to long-term tenants. The property has seen significant recent updates, including a freshly painted exterior (summer 2024) and new flooring in three of the four units. A programmable sprinkler system helps maintain the large, well-kept yard, offering tenants space to relax or play. Additional income is generated from an on-site coin-operated laundry managed by a third party. This property is move-in ready for tenants and requires minimal upkeep. With consistent occupancy, off-street parking, and opportunities to further increase rents, this is a dependable and hassle-free investment. Contact us today for financials or to schedule a showing! The tenants pays electric, cable, and internet. The owner pays water, sewer, trash, gas, and common area electric. Current rental rates are #3609 $1400, #3611 $1470, #3613 $1400, and 3615 is owner occupied but worth $1450. Please see the website for more interior photos
Presented By: Century 21 Signature Realty North, Inc.; 720-788-0191

Interior Features for 3609 Butternut Dr

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area3548
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes

General for 3609 Butternut Dr

AccessibilityLevel Lot
Attached Garage No
Cap Rate6.46
CityLoveland
Construction MaterialsWood/Frame, Wood Siding
CoolingRoom Air Conditioner
CountyLarimer
Directions37th St west of 287 to Sheridan, south to Butternut, east to property
ElectricElectric
Elementary SchoolLincoln
ExclusionsTenants and owners personal property
Garage Spaces8
Garage Y/NYes
Gas Y/NNatural Gas
Gross Income7070
HOANo
HeatingBaseboard, Radiant
High SchoolLoveland
High School DistrictThompson R2-J
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet13504
Lot Size UnitsSquare Feet
MLS AreaLoveland/Berthoud
Middle/Junior High SchoolLucile Erwin
New ConstructionNo
Number Of Units Total4
Operating Expense15243
Patio/Porch FeaturesPatio
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer, Public Sewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameSunset Acres
Tax Annual Amount3584
Tax Year2023
Tenant PaysGas, Electricity, Water
UtilitiesNatural Gas Available, Electricity Available
Year Built1971
ZoningR3E

Exterior for 3609 Butternut Dr

Building Area Total3548
Covered Spaces8
FencingPartial
Horse Y/NNo
Lot FeaturesLevel
Lot Size Acres0.31
Lot Size Area13504
Other ParkingParking Per Unit(2 Spaces/Unit)
SpaNo
Water SourceCity Water
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Lincoln Elementary School
High School Loveland High School
Middle School Lucile Erwin Middle School

Jon Holsten

Price $830,000
MLS#3840691
List Date 01/14/2025
Property Type Income
Phone 970.237.2752
Request Tour
Request Info
Visit My Website

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