Income Property
1331 7th St, Loveland, Colorado 80537
3,850 Sqft
$600,000
Property Description
Unique opportunity for rental income or development potential close to downtown Loveland. Property is currently a non-conforming 3 unit rental. Each unit has its own entrance, kitchen and laundry. Live in one unit and rent the other two. Easily convert two units into one single family and rent the 3rd unit. Double lot allows for future development. Leases in place to May 31, 2021 for Units B and C and to July 31, 2021 for Unit A. 30 Day Notice must be given to tenants to vacate. Monthly rent includes utilities. Property zoned single family at county level and in the R3e overlay zone at city level. Storage container at back of property is negotiable. All pictures were taken during vacancy in each unit.
Income
5.06
$45,600
$30,333
3
$15,267
Facts and Features
: Forced Air, Individual Heat Source, Common Heat Source
: Central Air Conditioning, Ceiling Fan
Premier Lifestyle Realty
E
2
2
HWY 34 TO MADISON. SOUTH ON MADISON TO 7TH STREET. EAST ON 7TH TO PROPERTY ON NORTH SIDE OF STREET
Winona
: 90%+ Finished Basement, Walk-out Basement, Crawl Space, Daylight Basement
: Wood/frame
: Eat-in Kitchen, Open Floor Plan, Walk-in Closet, Washer/dryer Hookups, Wood Floors, Cathedral/vaulted Ceilings, Outside Entry
: Partially Fenced, Enclosed Fenced Area, Wood Fence
: Dishwasher, Microwave, Smoke Alarm(s), Refrigerator, Clothes Washer, Clothes Dryer, Laundry Tub, Electric Range/oven, Jetted Bath Tub, No Units Furnished, All Appliances
: Level Lot, Within City Limits, Deciduous Trees, House Faces South
: Street Paved, Curbs, Gutters, Sidewalks, Alley
: Water Rights Excluded, Mineral Rights Excluded
: Cash, Conventional
Mountain View
Ball (Conrad)
Thompson R2-J
: Deck, Storage Buildings, Patio, Enclosed Porch
: Single Family, Multi Family
2 Spaces/Unit
: Tri Front/back
: Natural Gas, Electric, Cable Tv Available, High Speed Avail
RES/R3e
No
02.03.2021 15:42:01
2020
2614.56
Features
: City View
Basic Details
Property Type : Income Property
Price : $600,000
Total Square Feet : 3,850 Sqft
Year Built : 1910
Subdivision : BOYD ADD
Zipcode : 80537
Listing Status : Active
Lot Size : 13,084 Sqft
