3609 Butternut Dr Loveland, CO 80538
Great investment property in central Loveland, NO HOA and 2 parking spots per unit (tandem) and nicely updated. All units painted in the last 2 yrs and new flooring too! Nice big well maintained yard to play or relax in. Tenants pay electric, cable and internet, owner pays water, sewer, trash, gas and common area electric. Nice CAP rate based off all units around $1400, which is very reasonable. Current rental rates are $1355, 1375, and $1450 with the owner occupying one of the units as well. This is a simple investment with a nice return! Live in one and rent the other 3? Take some money out of the market and invest in a tangible asset? Make this your next investment!
- Property TypeMulti-Family
- NeighborhoodSunset Acres
- CountyLarimer
- Taxes$3,387
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusActive
- MLS ID Number1011026
- Home Size Source Assessor
- Year Built1971
- Lot Size0.31 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Ranch
- Basement None
- Number of Stories 1One, Two
- Acreage 0.31
- Property Sub Type Multi Family
- Utilities Natural Gas AvailableElectricity Available
- Zoning R3E
- Construction Wood/Frame
- Tenant Pays DepositGasElectricityWater
- Buyer Agent Compensation 3.00 %
Interior Features
- Heating Radiant
- Appliances All Appliances
- Basement Foundation None
Exterior Features
- Roof Composition
- Fencing PartialWood
- Spa No
- Waterfront Property No
- Lot Level
- Road Frontage City Street
- Fences PartialWood
- Waterfront No
Community Features
- Senior Community No
- MLS Area Loveland/Berthoud