Property

Loveland, CO 80537 920 N Douglas Avenue

920 N Douglas Avenue Loveland, CO - Image 1920 N Douglas Avenue Loveland, CO - Image 2920 N Douglas Avenue Loveland, CO - Image 3
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Presented By: Kittle Real Estate;
  • REColorado (MTOMLS) - 6 - CO
  • MLS# IR1034901
  • 05/23/2025
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Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
  • SQFT • 3,234

Home Details

All 4 Tenants have renewed for 2025-2026! Seize the opportunity to invest in a prime real estate asset with this 4-unit apartment complex located in the vibrant heart of Loveland. This property features three 2-bed/1-bath units and one 1-bed/1-bath unit, each offering a strong rental history. Extensive improvements throughout the property include fresh paint, upgraded flooring, and modern kitchen appliances, ensuring minimal upkeep and long-term value. Additional storage is available for each unit in the newly rebuilt sheds. The shared on-site coin-operated laundry room and a private, off-street parking lot are added conveniences. Located just 2 miles from the bustling downtown area, tenants will love the convenience of nearby fine dining, breweries, boutique shopping, lively nightlife, and year-round events. A short stroll brings you to the serene Lake Loveland, a perfect draw for tenants seeking relaxation and outdoor recreation. Each unit has its own electric meter, and the tenants pay for their electricity. The other utilities are on single meters. Currently, the landlord pays the other utilities, and the tenants reimburse them for a portion of the expenses. Both water heaters were replaced in 2023. The roof was replaced in 2018 and was verified to be in excellent condition in 2024. The operating expenses are based on the current property management company.
Presented By: Kittle Real Estate;

Interior Features for 920 N Douglas Avenue

Bedrooms

Main Level Bedrooms

Other Interior Features

BasementNone
Basement (Y/N)No

General for 920 N Douglas Avenue

AppliancesDishwasher, Dryer, Oven, Refrigerator, Washer
Cap Rate5.91
CityLoveland
ConcessionsNo
Construction MaterialsBrick
CoolingAir Conditioning-Room, Ceiling Fan(s)
CountyLarimer
Elementary SchoolGarfield
Elementary School DistrictThompson R2-J
Entry LocationExterior Access
ExclusionsTenants Personal Property
Gross Income4715
HOANo
HeatingBaseboard, Hot Water
High SchoolThompson Valley
High School DistrictThompson R2-J
LevelsTwo
Listing TermsCash, Conventional, VA Loan
Lot Size Square Feet7740
Middle/Junior High SchoolOther
Net Operating Income47302
Number Of Units Total4
Occupancy TypeTenant
Operating Expense15610
OwnershipIndividual
PossessionRental Agreement
Possible UseMulti-Family
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameMechalke
Tax Annual Amount3629
Tax Year2024
Tenant PaysElectricity
UtilitiesElectricity Available, Natural Gas Available, Natural Gas Connected
Virtual TourClick here
Year Built1974
ZoningR3e

Exterior for 920 N Douglas Avenue

Building Area Total3234
Lot Size Acres0.18
Road Frontage TypePublic
Road Surface TypePaved
Water SourcePublic

Additional Details

Price History

Schools

High School Thompson Valley High School
Elementary School Garfield Elementary School
Middle School N/A

Justin Robertson

Broker Associate
Price $800,000
MLS#IR1034901
List Date 05/23/2025
Property Type Multi-Family
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