3609 Butternut Dr Loveland, CO 80538
Estimated payment $5,099/month
Total Views
5,517
8
Beds
4
Baths
3,548
Sq Ft
$242
Price per Sq Ft
Highlights
- No HOA
- Baseboard Heating
- Level Lot
- Patio
- Partially Fenced Property
- Wood Siding
About This Home
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 units. A programmable sprinkler system helps maintain the large, well-kept yard, offering tenants space to relax or play. Additional income is generated from an on-site coin-operated laundry managed by a third party. This property is move-in ready for tenants and requires minimal upkeep. With consistent occupancy, off-street parking, and opportunities to further increase rents, this is a dependable and hassle-free investment. Contact us today for financials or to schedule a showing!
The tenants pays electric, cable, and internet. The owner pays water, sewer, trash, gas, and common area electric. Current rental rates are #3609 $1400, #3611 $1470, #3613 $1400, and 3615 is owner occupied but worth $1450. Please see the website for more interior photos
Listing Agent
Century 21 Signature Realty North, Inc. Brokerage Phone: 720-788-0191 License #100074332
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,584
Year Built
- Built in 1971
Lot Details
- 0.31 Acre Lot
- Two or More Common Walls
- Partially Fenced Property
- Level Lot
Parking
- 8 Parking Spaces
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
- Wood Siding
Interior Spaces
- 3,548 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Patio
Schools
- Lincoln Elementary School
- Lucile Erwin Middle School
- Loveland High School
Utilities
- Mini Split Air Conditioners
- Baseboard Heating
- Radiant Heating System
Listing and Financial Details
- Exclusions: Tenants and owners personal property
- Assessor Parcel Number R0348821
Community Details
Overview
- No Home Owners Association
- Sunset Acres Subdivision
Building Details
- Operating Expense $15,243
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 |
|---|---|---|---|---|
| 01/17/2025 01/17/25 | For Sale | $860,000 | +37.4% | $242 / Sq Ft |
| 11/26/2020 11/26/20 | Off Market | $626,000 | -- | -- |
| 08/28/2020 08/28/20 | Sold | $626,000 | +0.2% | $175 / Sq Ft |
| 07/21/2020 07/21/20 | For Sale | $625,000 | -- | $174 / Sq Ft |
Source: REcolorado®
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$889,000
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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
Jesse Laner C3 Real Estate Solutions LLC
Source: REcolorado®
MLS Number: 3840691
APN: 95024-33-021
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