920 N Douglas AVE Active Save Request In-Person Tour Request Virtual Tour
Loveland,CO 80537
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Subdivision Mechalke
MLS Listing ID IR1025214
HOA Y/N No
Originating Board recolorado
Year Built 1974
Annual Tax Amount $3,629
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Property Description
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. All four units are currently rented until July 2025. 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.
Location
State CO
County Larimer
Zoning R3e
Rooms
Basement None
Interior
Heating Baseboard,Hot Water
Cooling Air Conditioning-Room,Ceiling Fan(s)
Fireplace N
Appliance Dishwasher,Dryer,Oven,Refrigerator,Washer
Exterior
Utilities Available Electricity Available,Natural Gas Available,Natural Gas Connected
Roof Type Composition
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Garfield
Middle Schools Other
High Schools Thompson Valley
School District Thompson R2-J
Others
Ownership Individual
Acceptable Financing Cash,Conventional,VA Loan
Listing Terms Cash,Conventional,VA Loan