About 1170 E 5th St 1170-1172
BACK ON THE MARKET! Buyer defaulted through no fault of the property. Unique opportunity to own an infill duplex with FOUR (4) separately rented detached garage spaces minutes from Downtown Loveland. Freshly painted and updated exterior trim. Current tenants are with long term tenants and are on a month-to-month lease. Pro forma rents of $1,450/month/unit. Broker average rent of $1,444/month or $1.84/SF (786 Avg Unit SF). Survey rent per SF of $1.84/SF applied to subject's 890 SF unit size is a monthly rent of $1,640/month. Property is eligible for Section 8 Housing Choice Voucher program (Ask for rent schedule). Separately leased detached garage spaces ($100/mo.) w/ market rent of $125/mo. or greater. Tenants pay separately metered gas and electricity. Sewer, storm, and trash charges are paid by owner and are reimbursable per lease. Owner pays for water and landscaping maintenance. Pro forma assumes owner bills back for water and tenants are responsible for landscaping maintenance.
Features of 1170 E 5th St 1170-1172
| MLS® # | 1704093 |
|---|---|
| Price | $500,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Square Footage | 1,780 |
| Acres | 0.20 |
| Year Built | 1978 |
| Type | Residential Income |
| Sub-Type | Income Property |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 1170 E 5th St 1170-1172 |
|---|---|
| Area | Loveland |
| Subdivision | Wilson Addition |
| City | Loveland |
| County | Larimer |
| State | CO |
| Zip Code | 80537 |
Amenities
| Utilities | Natural Gas Available, Electricity Available, Cable Available |
|---|---|
| # of Garages | 4 |
| Garages | Detached |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Eat-in Kitchen, Open Floorplan |
|---|---|
| Appliances | Dishwasher, Refrigerator, Washer, Dryer, Trash Compactor |
| Heating | Forced Air |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Composition |
| Construction | Wood/Frame, Other |
School Information
| District | Thompson R2-J |
|---|---|
| Elementary | Winona |
| Middle | Conrad Ball |
| High | Thompson Valley |
Additional Information
| Days on Market | 163 |
|---|---|
| Zoning | Re3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Wayne Lewis |
|---|---|
| Office | LC Real Estate Group, LLC |
| Contact Info | wlewis@lcrealestategroup.com,303-588-8808 |