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1170 E 5th St

Loveland, CO 80537

4 beds
2 baths
– sqft
8,640 sqft lot
1978 build
– on site

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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.

Listing courtesy of IRES

Last checked: Checking… • Last updated Oct 1, 2024 •

MLS# 1017060 —

The Building

Year Built:

1978
New Construction:

false
Construction Materials:

Wood/Frame
Architectural Style:

Ranch
Window Features:

Double Pane Windows
Stories:

1
Levels:

One
Roof:

Composition
Accessibility Features:

Level Lot
Basement:

Crawl Space
# of Units Total:

2
Total SqFt:

1811

Interior

Interior Features:

Eat-in Kitchen

Room Dimensions

Living Area Units:

Square Feet
Living Area Source:

Other

Location

Directions:

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.
Coordinates:

-105.06134, 40.39654
Latitude:

40.39654
Longitude:

-105.06134

The Property

Property Type:

Residential Income
Property Subtype:

Attached Dwelling
Parcel Number:

R0694126
Lot Features:

Curbs
Lot Size Acres:

0.2
Lot Size SqFt:

8640
Lot Size Area:

8640
Lot Size Units:

Square Feet
Zoning:

Re3
Horse:

false
Fencing:

Fenced
Exterior Features:

Lighting
Water Source:

City Water, City of Loveland
Waterfront:

false
Property Attached:

true
Road Frontage Type:

City Street
Road Surface Type:

Paved

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

2943

Beds

Bedrooms Total:

4

Baths

Total Baths:

2

The Listing

Special Listing Conditions:

Private Owner

Heating & Cooling

Heating:

Forced Air
Heating:

true

Utilities

Utilities:

Natural Gas Available
Gas:

Natural Gas, Separate Meter Gas, XCEL Energy
Electric:

Electric, Separate Meter Electricity, City
Sewer:

City Sewer

Appliances

Appliances:

Electric Range/Oven

Schools

Elementary School:

Winona
Middle Or Junior School:

Ball (Conrad)
High School:

Thompson Valley
High School District:

Thompson R2-J

The Community

Subdivision Name:

Wilson Addition
Senior Community:

false
Spa:

false
Association:

false
HOA Transfer Fees:

No
HOA 2 Transfer Fee:

No

Parking

Parking Features:

Alley Access
Other Parking:

Parking Per Unit(2 Spaces/Unit)

Extra Units

Bedrooms Unit 1:

2
Total Baths Unit 1:

1
Bedrooms Unit 2:

2
Total Baths Unit 2:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/30/24 Sep 30, 2024	Sold	IRES	$500,000
8/22/24 Aug 22, 2024	Listed / Active	IRES	$500,000	78.6% (12.5% / YR)
5/2/18 May 2, 2018		IRES	$280,000

Multifamily Sold on 9/30/2024

$500,000

Listing provided by broker:

Wayne Lewis

3035888808

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Listing Courtesy of: IRES

TERMS OF USE: listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS

1170 E 5th St

Loveland, CO 80537