220 12th St SW Unit 125 Loveland, CO 80537
Estimated payment $3,699/month
About This Home
Unique investment NNN opportunity to buy fully leased and equipped commissary catering kitchen in Loveland, Colo. This health department-approved commissary commercial kitchen includes fully equipped kitchen with everything needed: walk-in refrigerator and freezer, grease trap, vent hood, double oven, commercial dish washer, new kitchen mini-split AC and more. Long term lease with 6.74% Cap rate NNN lease w/ personal guarantee.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,205
Year Built
- Built in 2005
HOA Fees
- $229 Monthly HOA Fees
Home Design
- Metal Roof
- Metal Siding
Interior Spaces
- 1,740 Sq Ft Home
- 1-Story Property
- Gas Oven or Range
Additional Features
- 1,500 Sq Ft Lot
- Zoned Heating
Listing and Financial Details
- Assessor Parcel Number R1634436
Community Details
Overview
- Southwest Commercial Center Subdivision
Building Details
- Gross Income $37,744
- Net Operating Income $37,744
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,205 | $62,998 | $8,342 | $54,656 |
| 2024 | $4,205 | $62,998 | $8,342 | $54,656 |
| 2022 | $4,317 | $54,259 | $7,424 | $46,835 |
| 2021 | $4,312 | $54,259 | $7,424 | $46,835 |
| 2020 | $4,197 | $52,780 | $5,945 | $46,835 |
| 2019 | $4,126 | $52,780 | $5,945 | $46,835 |
| 2018 | $4,177 | $50,750 | $5,945 | $44,805 |
| 2017 | $3,597 | $50,750 | $5,945 | $44,805 |
| 2016 | $2,914 | $39,730 | $5,945 | $33,785 |
| 2015 | $2,890 | $39,740 | $5,950 | $33,790 |
| 2014 | $2,356 | $31,330 | $5,950 | $25,380 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2024 07/18/24 | For Sale | $560,000 | -6.5% | $322 / Sq Ft |
| 01/15/2022 01/15/22 | Off Market | $599,000 | -- | -- |
| 10/15/2021 10/15/21 | Sold | $599,000 | 0.0% | $344 / Sq Ft |
| 06/15/2021 06/15/21 | For Sale | $599,000 | -- | $344 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $130,000 | Heritage Title | |
| Special Warranty Deed | $139,500 | Fahtco |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $319,147 | Commercial | |
| Closed | $30,399 | Commercial |
Source: IRES MLS
MLS Number: 1014660
APN: 95234-38-007
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Information deemed reliable but not guaranteed by the MLS.
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