3609-3615 Butternut Drive, Loveland

Great investment property in central Loveland, fully rented, 2 parking spots per unit (tandem) and nicely updated. All units painted in the last 2 yrs and new flooring too! All tenants are current and want to renew. Boiler heat ensures low utilities. Nice big well maintained yard to play or relax in. Tenants pay electric, cable and internet, owner pays water, sewer, trash, gas and common area electric. Nice CAP rate based off all units at $1450, which is very reasonable. Current rental rates are $1355, 1375, and $1450 with the owner occupying one of the units as well. This is a simple investment with a nice return! Live in one and rent the other 3? Take some money out of the market and invest in a tangible asset? Make this your next investment!

Keller Williams Realty NoCo.

Essential Information

MLS® #IR1000172

Price$925,000

Bathrooms0.00

Square Footage3,548

Acres0.31

Year Built1971

TypeIncome

Sub-TypeQuadplex

StatusPending

Community Information

Address3609-3615 Butternut Drive

SubdivisionSunset Acres

CityLoveland

CountyLarimer

StateCO

Zip Code80538

Utilities

Electricity Available, Natural Gas Available

Interior

AppliancesDisposal

HeatingRadiant

StoriesOne, Two

BasementNone

Exterior

RoofComposition

School Information

DistrictThompson R2-J

ElementaryLincoln

MiddleLucile Erwin

HighLoveland

Additional Information

Date ListedNovember 30th, 2023

ZoningR3E

Parking Spaces8

Listing Details

Keller Williams Realty NoCo

Property History

Apr. 24Status Changed from Active to Pending

Apr. 15Status Changed from Pending to Active

Apr. 1Status Changed from Active to Pending

Mar. 28Price Reduced from $939,500 to $925,000

Feb. 19Price Reduced from $950,000 to $939,500

Jan. 16Price Reduced from $975,000 to $950,000

Show All History (6)