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1170 E 5th St Loveland, CO 80537
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Key Details
Sold Price $500,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Subdivision Wilson Addition
MLS Listing ID 1017060
Sold Date 09/30/24
Style Ranch
Bedrooms 4
HOA Y/N false
Originating Board IRES MLS
Year Built 1978
Annual Tax Amount $2,943
Lot Size 8,712 Sqft
Acres 0.2
Property Description
ASK ABOUT HOW YOU CAN LIVE HERE WITH LOW MONTHLY PAYMENT AS AN OWNER OCCUPIED UNIT. This +/- 1,811 SF duplex on crawl space foundation with detached (4) car garage was built in 1978 and was remodeled in 2018 when converted from a house into a duplex. This property offers offers an excellent investment opportunity to acquire an infill property within minutes to Downtown Loveland on an 0.2 acre (8,640 SF) lot with no homeowners association. Recent property improvements include new exterior paint in 2024 and new roof and windows in 2018. Rear unit was constructed in 2018 with associated forced HVAC system and appliances. Detached four (4) car garage was resided in 2018. Excellent unit amenities including in unit washer/dryer for each unit, forced air heating, and fenced private backyard for rear unit and fenced patio for front unit. Future development potential with R3e Zoning, a high density residential zoning for established neighborhoods allowing for up to twenty (20) units per acre or four (4) dwelling units for the subject property. Current tenants are with long term tenants and are on a month-to-month lease. Pro forma rents of $1,600/month/unit based on rent survey, ask for details. Separately leased detached garage spaces with pro forma rents of $125/month. 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.
Location
State CO
County Larimer
Area Loveland/Berthoud
Zoning Re3
Direction Drive west on US Hwy 34/Eisenhower from I-25. Turn south onto Madison Ave. Turn right onto 5th Street. Property is approx. 13th building on left.
Rooms
Basement Crawl Space
Interior
Interior Features Eat-in Kitchen, Open Floorplan
Heating Forced Air
Window Features Double Pane Windows
Appliance Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
Exterior
Exterior Feature Lighting
Garage Alley Access
Fence Fenced, Wood, Chain Link
Utilities Available Natural Gas Available, Electricity Available, Cable Available
Waterfront false
Roof Type Composition
Street Surface Paved,Asphalt
Handicap Access Level Lot
Parking Type Alley Access
Building
Lot Description Curbs, Gutters, Sidewalks, Level
Story 1
Sewer City Sewer
Water City Water, City of Loveland
Level or Stories One
Structure Type Wood/Frame,Composition Siding
New Construction false
Schools
Elementary Schools Winona
Middle Schools Ball (Conrad)
High Schools Thompson Valley
School District Thompson R2-J
Others
Senior Community false
Tax ID R0694126
SqFt Source Other
Special Listing Condition Private Owner
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Bought with LPT Realty, LLC.