About 1421 N Madison Ave
This 4-unit apartment building presents a unique opportunity for investors or owner-occupants to acquire a value-add asset in a highly desirable market. With the potential for increased rents through targeted renovations, this property has the capability to provide significant returns for new ownership. The building is situated on an 8,491-square-foot-foot lot, just north of downtown Loveland, and is located within minutes of major highways and public transportation, providing convenient access to all that the city has to offer. 1421 N Madison features an excellent unit mix comprised of spacious 1-bedroom 1-bath plus den units, with on-site coin-operated laundry and ample off-street parking for the tenants. Value-add potential to further increase NOI through converting the units to 2-bedrooms.
Features of 1421 N Madison Ave
| MLS® # | 2248986 |
|---|---|
| Price | $900,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 3,456 |
| Acres | 0.19 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Income Property |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 1421 N Madison Ave |
|---|---|
| Area | Loveland |
| Subdivision | SILVER LAKE 12TH, LOV (20130053147) |
| City | Loveland |
| County | Larimer |
| State | CO |
| Zip Code | 80538 |
Amenities
| # of Garages | 6 |
|---|---|
| Garages | Off Street |
| View | Mountain(s), City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
Exterior
| Roof | Fiberglass |
|---|---|
| Construction | Brick/Brick Veneer, Concrete |
School Information
| District | Thompson R2-J |
|---|---|
| Elementary | Monroe |
| Middle | Bill Reed |
| High | Mountain View |
Additional Information
| Days on Market | 115 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jeff Johnson |
|---|---|
| Office | Pinnacle Real Estate Advisors |
| Contact Info | jrteam@PINNACLEREA.COM,303-962-9555 |