918 N Garfield Ave Active Save Request In-Person Tour Request Virtual Tour
Loveland,CO 80537
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Attached Dwelling
Listing Status Active
Purchase Type For Sale
Subdivision Lakeside Addtn
MLS Listing ID 1011836
Style Ranch
Bedrooms 16
HOA Y/N false
Originating Board IRES MLS
Year Built 2019
Annual Tax Amount $11,268
Lot Size 0.460 Acres
Acres 0.46
Property Description
LOCATION, LOCATION, LOCATION! Offered at a CAP rate of over 5%, this multifamily property has six producing units (3 duplexes). The units are within walking distance of downtown Loveland, and have had virtually a 0% vacancy rate historically since the units were built. The two larger duplexes (3bed/2.5bath) were completed in 2019, and include open floorplans, stainless appliances, lots of natural light, in-unit laundry, fenced yards, unfinished basements and 1-car garages as well as off-street permitted parking. The two smaller units were converted and completely remodeled to the current floorplans and brought to code in 2016, the exterior repainted in 2024. They include updated appliances, open floor plans, natural light, with the charm of some of the original built-in storage, in-unit laundry, off-street permitted parking and enclosed back yards. The original duplex can be rebuilt into a 4-plex of studio units; parking and fire codes have already been satisfied for this plan. In a quiet residential neighborhood with mature landscaping, but close to 4th Street in Loveland, schools, parks, restaurants, bars/breweries, shopping, etc. Sellers/Owners are both licensed real estate agents.
Location
State CO
County Larimer
Community Park
Area Loveland/Berthoud
Zoning R3E
Rooms
Basement Full,Unfinished
Interior
Interior Features Satellite Avail,High Speed Internet,Eat-in Kitchen,Open Floorplan,Pantry
Heating Forced Air
Cooling Central Air,Ceiling Fan(s)
Window Features Window Coverings,Double Pane Windows
Appliance Electric Range/Oven,Self Cleaning Oven,Dishwasher,Refrigerator,Washer,Dryer,Microwave,Disposal
Laundry Washer/Dryer Hookups
Exterior
Exterior Feature Lighting
Garage Garage Door Opener
Fence Partial,Wood
Community Features Park
Utilities Available Natural Gas Available,Electricity Available,Cable Available,Underground Utilities
Waterfront false
Roof Type Composition
Street Surface Paved
Porch Patio
Building
Lot Description Curbs,Gutters,Sidewalks,Fire Hydrant within 500 Feet,Lawn Sprinkler System,Level,Within City Limits
Story 1
Sewer City Sewer
Water City Water,City of Loveland
Level or Stories One,Two
Structure Type Wood/Frame,Stone,Composition Siding,Painted/Stained
New Construction true
Schools
Elementary Schools Truscott
Middle Schools Bill Reed
High Schools Loveland
School District Thompson R2-J
Others
Senior Community false
Tax ID R1658865
SqFt Source Plans
Special Listing Condition Private Owner