Loveland, CO 80538 3609 Butternut Dr

3609 Butternut Dr Loveland, CO - Image 13609 Butternut Dr Loveland, CO - Image 23609 Butternut Dr Loveland, CO - Image 3
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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
Waterfront Y/NNo
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

Additional Details

Price History

Schools

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

Jon Holsten

Price $860,000
MLS#3840691
List Date 01/14/2025
Property Type Income
Phone 970.237.2752
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