CO > Loveland > Mechalke
Loveland, CO 80537,920 N Douglas AVE
Loveland, CO 80537,920 N Douglas AVE
Loveland, CO 80537,920 N Douglas AVE
Loveland, CO 80537,920 N Douglas AVE
Loveland, CO 80537,920 N Douglas AVE
Loveland, CO 80537,920 N Douglas AVE
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Matt Thomas

Matt Thomas

+1(303) 269-1617
$ 850,000
Est. payment | /mo

7,840 Sqft Lot

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$ 850,000
Est. payment | /mo
Save Virtual Tour

7,840 Sqft Lot

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

REColorado (REColorado MLS)
© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Kittle Real Estate • 9702189200

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Matt Thomas

Consultant | Broker Associate | FA100030130

+1(303) 269-1617

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920 N Douglas AVE