Homes for sale - 920 N Douglas Ave, Loveland, CO 80537

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Lawrence Clinton Porter

clinton@coloradovistas.com +1(720) 876-8544

$850,000

Est. payment - /mo

7 Beds

4 Baths

7,840 Sqft Lot

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UPDATED:

01/27/2025 08:17 PM

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Subdivision Mechalke

MLS Listing ID 1025214

Bedrooms 7

HOA Y/N false

Originating Board IRES MLS

Year Built 1974

Annual Tax Amount $3,629

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Income Property

Property Description

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. All four units are currently rented until July 2025. 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.

Location

State CO

County Larimer

Area Loveland/Berthoud

Zoning R3e

Rooms

Other Rooms Storage

Basement None

Interior

Interior Features Outside Entry

Heating Hot Water, Baseboard

Cooling Room Air Conditioner, Ceiling Fan(s)

Appliance Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Utilities Available Natural Gas Available, Electricity Available

Roof Type Composition

Street Surface Asphalt

Building

Story 2

Sewer City Sewer

Water City Water, City of Loveland

Level or Stories Two

Structure Type Brick/Brick Veneer

New Construction false

Schools

Elementary Schools Garfield

Middle Schools Bill Reed

High Schools Thompson Valley

School District Thompson R2-J

Others

Senior Community false

Tax ID R0399787

SqFt Source Assessor

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)

Listed by Kittle Real Estate • 9702189200

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Lawrence Clinton Porter

+1(720) 876-8544

Broker Associate | License ID: FA100029350

Broker Associate License ID: FA100029350

920 N Douglas Ave Loveland, CO 80537

Lawrence Clinton Porter

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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920 N Douglas Ave