920 N Douglas Ave Loveland, CO 80537
Estimated payment $5,047/month
Total Views
5,593
7
Beds
4
Baths
3,234
Sq Ft
$263
Price per Sq Ft
Highlights
- No HOA
- Air Conditioning
- Ceiling Fan
- Brick Veneer
- Outdoor Storage
- Baseboard Heating
About This Home
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. Two of the 4 units have renewed 25-26 leases at higher rates. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,629
Year Built
- Built in 1974
Home Design
- Brick Veneer
- Composition Roof
Interior Spaces
- 3,234 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Electric Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Schools
- Garfield Elementary School
- Bill Reed Middle School
- Thompson Valley High School
Utilities
- Air Conditioning
- Baseboard Heating
- Hot Water Heating System
Additional Features
- Outdoor Storage
- 7,740 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number R0399787
Community Details
Overview
- No Home Owners Association
- 4 Units
- Mechalke Subdivision
Building Details
- Gross Income $62,312
- Net Operating Income $43,952
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 |
|---|---|---|---|---|
| 01/24/2025 01/24/25 | For Sale | $850,000 | +193.1% | $263 / Sq Ft |
| 05/03/2020 05/03/20 | Off Market | $290,000 | -- | -- |
| 04/11/2014 04/11/14 | Sold | $290,000 | -3.3% | $90 / Sq Ft |
| 03/12/2014 03/12/14 | Pending | -- | -- | -- |
| 02/21/2014 02/21/14 | For Sale | $300,000 | -- | $93 / Sq Ft |
Source: IRES MLS
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Source: IRES MLS
MLS Number: 1025214
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