Active

920 N Douglas Ave

Loveland CO, 80537

$850,000


Active

7 Beds

4 Baths

Multi-family

Built in 1974

Seize the opportunity to invest in a prime real estate asset with this 4-unit apartment complex located in the vibrant heart of Loveland. This property features three 2-bed/1-bath units and one 1-bed/1-bath unit, each offering a strong rental history. Extensive improvements throughout the property include fresh paint, upgraded flooring, and modern kitchen appliances, ensuring minimal upkeep and long-term value. Additional storage is available for each unit in the newly rebuilt sheds. The shared on-site coin-operated laundry room and a private, off-street parking lot are added conveniences. Located just 2 miles from the bustling downtown area, tenants will love the convenience of nearby fine dining, breweries, boutique shopping, lively nightlife, and year-round events. A short stroll brings you to the serene Lake Loveland, a perfect draw for tenants seeking relaxation and outdoor recreation. All four units are currently rented until July 2025. Each unit has its own electric meter, and the tenants pay for their electricity. The other utilities are on single meters. Currently, the landlord pays the other utilities, and the tenants reimburse them for a portion of the expenses. Both water heaters were replaced in 2023. The roof was replaced in 2018 and was verified to be in excellent condition in 2024. The operating expenses are based on the current property management company.

1025214

MLS ID

January 24, 2025

Listed

February 20, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

7


Total Bathrooms

4


Interior Features

Outside Entry


Appliances

Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer


Fireplace

No


Cooling

Yes


Cooling Description

Room Air Conditioner, Ceiling Fan(s)


Heating

Yes


Heating Description

Hot Water, Baseboard

Exterior/Building Features

Lot Size

0.18 Acres


Roof

Composition


Sewer

City Sewer

School Information

School District

Thompson R2-J


High School

Thompson Valley


Elementary School

Garfield

Other Property Details

Area Name

Loveland/Berthoud


Taxes

$3,629


Tax Frequency

Annually


Days on Market

4


Garage

No


View

No


County

Larimer


Water Source

City Water, City of Loveland


Utilities

Natural Gas Available, Electricity Available


Zoning

R3e

Listed by Rob Kittle with Kittle Real Estate
Listing Contact: 9702189200 

The IDX display contains information sourced from Information and Real Estate Services, LLC (IRES) as of 2/20/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase.  Information deemed reliable but not guaranteed by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. 

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Data last updated on 2/20/2025 at 7:23 PM UTC

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