1502 E 5th St Loveland, CO 80537
Estimated payment $5,285/month
Total Views
1,323
8
Beds
4
Baths
3,456
Sq Ft
$257
Price per Sq Ft
Highlights
- Deck
- Patio
- Tile Flooring
- No HOA
- Tile Countertops
- Ceiling Fan
About This Home
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.
Listing Agent
C3 Real Estate Solutions LLC Brokerage Email: accounting@c3-re.com,970-225-5152 License #100029586
Co-Listing Agent
C3 Real Estate Solutions LLC Brokerage Email: accounting@c3-re.com,970-225-5152 License #100001625
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,877
Year Built
- Built in 1996
Lot Details
- Two or More Common Walls
Parking
- 8 Parking Spaces
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
Interior Spaces
- 3,456 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Tile Countertops
- Disposal
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry in unit
- Washer
Outdoor Features
- Deck
- Patio
Schools
- Winona Elementary School
- Bill Reed Middle School
- Mountain View High School
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Exclusions: Tenant's personal property. Washer and Dryer units in 1502 and 1506
- The owner pays for water
- Assessor Parcel Number R0343315
Community Details
Overview
- No Home Owners Association
- Water Addition Subdivision
Building Details
- Operating Expense $12,908
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | For Sale | $889,000 | -- | $257 / Sq Ft |
Source: REcolorado®
Similar Homes in the area
-
$860,000
- 8 Beds
- 4 Baths
- 3,548 Sq Ft
- 3609 Butternut Dr
- Loveland, CO
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
Barney Villa Century 21 Signature Realty North, Inc.
Source: REcolorado®
MLS Number: 8033205
APN: 85183-10-006
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