Loveland, CO 80537 1502 E 5th St

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Presented By: C3 Real Estate Solutions LLC; accounting@c3-re.com,970-225-5152
  • MLS# 8033205
  • 04/24/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 4
  • SQFT • 3,456
  • Garage • 8

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; accounting@c3-re.com,970-225-5152

Interior Features for 1502 E 5th St

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area3456
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes

General for 1502 E 5th St

AppliancesDishwasher, Refrigerator, Washer, Microwave, Disposal
Attached Garage No
Cap Rate6.280000209
CityLoveland
Construction MaterialsWood/Frame
CoolingCeiling Fan(s)
CountyLarimer
DirectionsFrom Hwy 34, South on N Boise Ave, West on E 5th St to Property
ElectricSeparate Meter Electricity
Elementary SchoolWinona
ExclusionsTenant's personal property. Washer and Dryer units in 1502 and 1506
Garage Spaces8
Garage Y/NYes
Gross Income68748
HOANo
HeatingBaseboard
High SchoolMountain View
High School DistrictThompson R2-J
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size UnitsSquare Feet
MLS AreaLoveland/Berthoud
Middle/Junior High SchoolBill Reed
Net Operating Income55840
New ConstructionNo
Number Of Units Total4
Operating Expense12908
Patio/Porch FeaturesPatio, Deck
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
Stories Count2
Subdivision NameWater Addition
Tax Annual Amount3877
Tax Year2024
Year Built1996

Exterior for 1502 E 5th St

Building Area Total3456
Covered Spaces8
Horse Y/NNo
Other ParkingParking Per Unit(2 Spaces/Unit)
SpaNo
Water SourceCity Water
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#8033205
List Date 04/24/2025
Property Type Income
Phone 970.237.2752
Request Tour
Request Info
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