Property

Loveland, CO 80537 1502 E 5th Street

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Presented By: C3 Real Estate Solutions, LLC;
  • REColorado (MTOMLS) - 6 - CO
  • MLS# IR1038346
  • 07/03/2025
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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 • 3,456

Home Details

Fantastic 4-plex built in 1996 is an investment opportunity you don't want to pass on! As you know, a newer built 4 plex that has been WONDERFULLY maintained is very hard to find in Loveland. Excellent CAP rate for a property of this condition and low maintenance costs. All 4 units feature 2bed/1ba and include 2 off-street parking spaces. NEW roof 2020, all exterior windows (front and back) have been replaced, between 2017-2018 replaced bath/shower units and sliding bath doors, carpet in bedrooms, synthetic hardwood floors, kitchen appliances (dishwasher, sink, garbage disposals, range, and refrigerator. Brand new water heaters in two units, the other two replaced in 2017/2018. Asphalt drive/parking done in 2023. All electric units (no gas), separately metered - tenants pay. Garbage/Water/Sewer - owner currently pays. Cable TV/internet - tenants pay. Each unit has an 4' x 10' enclosed, locked storage area off each units back deck/patio. Currently there is no PM fee, owner self manages and pride of ownership is evident. All units have washer and dryer hookups, but 1504 and 1508 have washer and dryer units owned by seller so will convey.
Presented By: C3 Real Estate Solutions, LLC;

Interior Features for 1502 E 5th Street

Bedrooms

Main Level Bedrooms

Other Interior Features

BasementNone
Basement (Y/N)No
Interior AmenitiesEat-in Kitchen, Open Floorplan
Laundry FeaturesIn Unit
Total Fireplaces
Window FeaturesWindow Coverings

General for 1502 E 5th Street

AppliancesDishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
Cap Rate6.28
CityLoveland
ConcessionsNo
Construction MaterialsFrame
CountyLarimer
DirectionsFrom Hwy 34, South on N Boise Ave, West on E 5th St to Property
Elementary SchoolWinona
Elementary School DistrictThompson R2-J
Entry LocationExterior Access
ExclusionsTenant's personal property. Washer and Dryer units in 1502 and 1506
Facing DirectionNorth
Gross Income4175
HOANo
HeatingBaseboard
High SchoolMountain View
High School DistrictThompson R2-J
LevelsTwo
Listing TermsCash, Conventional, FHA
Lot Size Square Feet10763
Middle/Junior High SchoolOther
Net Operating Income55840
Number Of Units Total4
Occupancy TypeTenant
Operating Expense12908
OwnershipIndividual
Patio/Porch FeaturesDeck, Patio
PossessionClosing/DOD, Rental Agreement
Possible UseMulti-Family
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameWater Addition
Tax Annual Amount3877
Tax Year2024
Tenant PaysElectricity
UtilitiesCable Available, Electricity Available, Internet Access (Wired)
Year Built1996
ZoningR3E

Exterior for 1502 E 5th Street

Building Area Total3456
Lot FeaturesLevel
Lot Size Acres0.25
Other EquipmentSatellite Dish
Road Frontage TypePublic
Road Surface TypePaved
VegetationWooded
Water SourcePublic

Additional Details

Price History

Schools

Elementary School Winona Elementary School
High School Mountain View High School
Middle School N/A

Elena Stodghill

Licensed Real Estate Agent
Price $849,000
MLS#IR1038346
List Date 07/03/2025
Property Type Multi-Family
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