About 1170 E 5th St
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
| MLS® # | 998591 |
|---|---|
| Price | $500,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Square Footage | 1,780 |
| Acres | 0.20 |
| Year Built | 1978 |
| Type | Residential Income |
| Sub-Type | Attached Dwelling |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 1170 E 5th St |
|---|---|
| Area | Loveland |
| Subdivision | Wilson Addition |
| City | Loveland |
| County | Larimer |
| State | CO |
| Zip Code | 80537 |
Amenities
| Utilities | Natural Gas Available, Electricity Available, Cable Available |
|---|---|
| Parking | Alley Access |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Eat-in Kitchen, Open Floorplan |
|---|---|
| Appliances | Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Trash Compactor, Disposal |
| Heating | Forced Air |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Lighting |
|---|---|
| Lot Description | Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Level |
| Windows | Double Pane Windows |
| Roof | Composition |
| Construction | Wood/Frame, Composition Siding |
School Information
| District | Thompson R2-J |
|---|---|
| Elementary | Winona |
| Middle | Ball (Conrad) |
| High | Thompson Valley |
Additional Information
| Days on Market | 156 |
|---|---|
| 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 |