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1841 Lily Pl

Loveland, CO 80537
  • $795,000
  • STATUS: Active Under Contract
  • ON SITE: 44 Days
  • MLS #: 1004360
Under Contract
$795,000
  • 9
    BEDS
  • 0.22
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,357
    SQFT
  • $237
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Information

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

Description

Great 4-plex investment property. Over under 4-plex with one 3-bedroom unit and three 2-bedroom units. The building has a common area storage room offering each unit a private storage closet along with a workbench & storage shelves for landlord or other use. Appliances in each of the units are included, except the washer/dryer which are all owned by tenants. Three of the units have an A/C split-unit. Unit 2 does not have one. All units currently rented. The units are currently rented at $1,500 for the 3 bedroom unit and $1,250 for all 2-bedroom units. All units currently leased through end of April 2024. There is no HOA. New roof installed in Mar 2022. The backyard is fenced off as a private dog run as tenants are allowed pets. There is a sprinkler system, but it was made inactive. The backflow device was disconnected, but the water line is still available in the lower-level storage room.

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© 2024 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 RE/MAX Alliance. Data last updated: 2024-04-03T23:42:42.67.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1841 Lily Pl Loveland, CO 80537

  • Price: $795,000
  • Status: Active Under Contract
  • On Site: 44 Days
  • MLS #: 1004360
9
Beds
5
Baths
0
½ Baths
0.22
Acres
3,357
SQFT
$237
$/SQFT
1979
Built
Neighborhood:
Thompson Valley Estates
County:
Larimer
Area:
08 Loveland/Berthoud area
Elementary School:
Milner (Sarah)
Middle School:
Walt Clark
High School:
Thompson Valley
School District:
Thompson R2-J
Property Description
Great 4-plex investment property. Over under 4-plex with one 3-bedroom unit and three 2-bedroom units. The building has a common area storage room offering each unit a private storage closet along with a workbench & storage shelves for landlord or other use. Appliances in each of the units are included, except the washer/dryer which are all owned by tenants. Three of the units have an A/C split-unit. Unit 2 does not have one. All units currently rented. The units are currently rented at $1,500 for the 3 bedroom unit and $1,250 for all 2-bedroom units. All units currently leased through end of April 2024. There is no HOA. New roof installed in Mar 2022. The backyard is fenced off as a private dog run as tenants are allowed pets. There is a sprinkler system, but it was made inactive. The backflow device was disconnected, but the water line is still available in the lower-level storage room.
Exterior Features

Architectural Style Contemporary/Modern Construction Materials Wood/FrameBrick/Brick VeneerWood Siding Direction Faces South Fencing FencedWire Foundation Details Slab Horse YN No Levels Two Lot Features CurbsGuttersSidewalksFire Hydrant within 500 FeetCul-De-SacLevel Other Parking Parking Per Unit(2 Spaces/Unit) Patio And Porch Features Patio Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No View City Waterfront YN No

Interior Features

Appliances Electric Range/OvenDishwasherRefrigerator Basement None Cooling Room Air Conditioner Cooling YN Yes Heating Baseboard Heating YN Yes Interior Features Separate Dining Room Laundry Features Washer/Dryer Hookups Living Area Source Appraiser Unit1 Bedrooms 3 Unit1 Est Sq Ft 1020 Unit1 Total Baths 2 Unit2 Bedrooms 2 Unit2 Est Sq Ft 779 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 779 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Est Sq Ft 779 Unit4 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 7.84 Ditches Active YN No Electric ElectricCity of LVLD Exclusions All seller and tenant personal property. All washer/dryer units are tenant owned. Gross Income 73200 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status Backup Listing Terms CashConventional Locale Loveland Net Operating Income 62347 New Construction YN No Operating Expense 10853 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 3550 Tax Year 2022 Tenant Pays Electricity Unit1 Rent 1500 Unit2 Rent 1250 Unit3 Rent 1250 Unit4 Rent 1250 Utilities Electricity Available Water Source City WaterCity of LVLD Zoning R3

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Matthew Dozier of Group Loveland: 9702134877.



© 2024 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 RE/MAX Alliance. Data last updated: 2024-04-03T23:42:42.67.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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RE/MAX Alliance
750 West Eisenhower Blvd
Loveland CO, 80537