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    1646 E 16th St

    Loveland, CO 80538
    • $1,195,000
    • STATUS: Closed
    • ON SITE: 37 days
    • ID#: 921704
    Sold - 09/23/2020
    $1,195,000
    SOLD - 09/23/2020
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,434
      SQFT
    • $161
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Northern Colorado 8 Plex with 2BR/1BA units in the heart of Loveland! Easy access to Boyd Lake, McKee Hospital, and Highway 34 from this central Loveland location. This investment is turn key with professional management - all utilities (Water/Sewer/Gas) are billed back on top of rent, extra income from the 2 separate coin operated laundries, covered parking, and inside entry make these desirable and easy to rent units! All eight units are 2 bed/1 bath and rented through Aug 2021. All units have updated flooring and paint and some have updated bathrooms with three piece bathtubs. Brand new rood in 2016! Email to see the full video walkthrough. This well maintained 8 plex is a perfect addition to your multifamily portfolio!

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    © 2020 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Griffith Home Team | Re/Max Professionals. Data last updated: 2020-09-27T16:37:47.487.
    www.yourdenverhomesource.com/homes/109179362
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    1646 E 16th St Loveland, CO 80538

    • Price: $1,195,000
    • Status: Closed
    • Updated: 44 min ago
    • ID#: 921704
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    7,434
    SQFT
    $161
    $/SQFT
    1971
    Built
    Neighborhood:
    8/14
    County:
    Larimer
    Area:
    08 Loveland/Berthoud area
    Elementary School:
    Monroe
    Middle School:
    Ball (Conrad)
    High School:
    Mountain View
    School District:
    Thompson R2-J
    Property Description
    Northern Colorado 8 Plex with 2BR/1BA units in the heart of Loveland! Easy access to Boyd Lake, McKee Hospital, and Highway 34 from this central Loveland location. This investment is turn key with professional management - all utilities (Water/Sewer/Gas) are billed back on top of rent, extra income from the 2 separate coin operated laundries, covered parking, and inside entry make these desirable and easy to rent units! All eight units are 2 bed/1 bath and rented through Aug 2021. All units have updated flooring and paint and some have updated bathrooms with three piece bathtubs. Brand new rood in 2016! Email to see the full video walkthrough. This well maintained 8 plex is a perfect addition to your multifamily portfolio!
    Exterior Features

    Construction Wood/FrameBrick/Brick Veneer Location Description Level Lot Lot Improvements Street PavedCurbsGuttersSidewalksStreet LightAlley Outdoor Features Lawn Sprinkler SystemStorage Buildings Parking Per Unit Less Than 1 Property Styles 2 Story Property Views City View Road Access City Street Type Contemporary/Modern Waterfront No

    Interior Features

    Basement Foundation Daylight Basement Cooling Room Air Conditioner Design Features Separate Dining RoomOpen Floor Plan Disabled Accessibility Features Ramp AccessLevel LotLevel DriveNear BusLow Carpet Heating Forced Air Inclusions Window CoveringsElectric Range/OvenSelf-Cleaning OvenDishwasherRefrigeratorClothes WasherClothes Dryer Unit1 Bedrooms 2 Unit2 Bedrooms 2

    Property Features

    Capitalization Rate 6.48 Energy Star Certified No Gross Operating Income 93890.0000 Has Green Features Addendum No Has Solar Photovoltaic No Has Solar Thermal No Hers Rated No Hoa YN No Leed Certified No Listing Sub Status None Locale Loveland Nahb Certified No Net Operating Income 77451.1900 New Construction Status Not NewPreviously Owned New Financing CashConventional Ownership Licensed OwnerPrivate Owner Possible Usage Multi Family Tax Year 2020 Taxes 3851.65 Tenant Pays DepositElectric Total Operating Expense 16438.8100 Utilities Natural GasElectricCable Tv Available Zoning Mf

    Listing information © 2020 Information and Real Estate Services
    Listing provided courtesy of David Lund of David Lund.



    © 2020 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Griffith Home Team | Re/Max Professionals. Data last updated: 2020-09-27T16:37:47.487.
     
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