1449 E 1st Street, Loveland, CO 80537
Local realty services provided by:CENTURY 21 CapRock Real Estate
1449 E 1st Street,Loveland, CO 80537
$515,000
- 8 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: luis hernandez
Office: guide real estate
MLS#:6352166
Source:ML
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Price summary
- Price:$515,000
About this home
Opportunity Knocks for investors seeking a true value-add quadplex in an established Loveland location near daily conveniences and commuter routes. The property offers a clear step-by-step upside plan: lower operating expenses by evaluating a transition from the current shared boiler/hot-water baseboard setup to unit-specific electric heat (and A/C where feasible) so tenants can pay their own heating costs (subject to feasibility, permits, and electrical capacity). Next, unlock additional revenue by adding garage doors to the existing shed/garage structure and charging for garage/storage use. Finally, increase returns by bringing rents to market. All tenants are month-to-month. Tenants pay electric; owner currently pays gas, water, and trash (verify). Buyer to verify unit mix, rent roll, expenses, square footage, and all information deemed material.
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Home facts
- Year built:1971
- Listing ID #:6352166
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Flooring:Laminate
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Crawl Space
Heating and cooling
- Heating:Baseboard, Hot Water
Structure and exterior
- Roof:Composition
- Year built:1971
- Lot Features:Level
- Construction Materials:Block, Frame
- Exterior Features:Balcony
- Levels:2 Story
Schools
- High school:Mountain View
- Middle school:Bill Reed
- Elementary school:Winona
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$515,000
- Tax amount:$3,143 (2024)
Features and amenities
- Laundry features:Common Area
Parking
- Total parking spaces:8
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