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Listing 5 out of 108
$490,000 For Sale

224 SW 42nd St
Loveland, CO 80537

2 units | Multi Family Home
0.62 acres - MLS# 891906
Property Photo
1/24

Description

This is a great rental property with the duplex, but also has rental income from the horse property. It's in a very private place and quite. This lot is massive and has so much storage. Both units are rented and the renters want to stay and realize their rent will go up. The owner rented unit 226 to a friend 18 years ago and has not raised the rents much, but the renter has put in the horse, coral, barn, tack and other buildings. Rent Outbuildings as well.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Larimer County
  • Zip Code: 80537
  • Year Built: 1964
  • Subdivision/Neighborhood: Campion
  • School District: Thompson R2-J
  • Elementary School: Carrie Martin
  • Middle School: Clark (Walt)
  • High School: Thompson Valley
  • Style: Duplex
  • Stories: 1 Story/Ranch
  • Units: 2 units
  • Fireplace: Single Fireplace
  • Lot Size: 0.62 acres
  • Pool or Spa: Yes, See Outdoor Features
  • View: Back Range/Snow Capped, Foothills View
  • Zoning: RES.
  • Cap Rate: 4.06
  • Construction: Brick/Brick Veneer
  • Cooling: Evaporative Cooler
  • Design Features: Eat-in Kitchen, Separate Dining Room, Pantry, Washer/Dryer Hookups, Wood Floors
  • Fences: Partially Fenced, Enclosed Fenced Area, Wire Fence
  • Gross Operating Income: 25187.4000
  • Heating: Forced Air
  • Horse Property: Horse(s) Allowed
  • Inclusions: Window Coverings, Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Disposal, Smoke Alarm(s)
  • Locale: Loveland
  • Location Description: Native Grass, Level Lot, Outbuildings, House Faces North, Within City Limits
  • Lot Improvements: Street Paved, Gutters
  • Lot SqFt: 27019
  • Mineral Water Rights: Mineral Rights Included
  • Net Operating Income: 19913.4000
  • New Construction Status Code: Not New, Previously Owned
  • Outdoor Features: Lawn Sprinkler System, Storage Buildings, Balcony, Patio, Deck, Private Hot Tub
  • Parking Per Unit: 2 Spaces/Unit
  • Road Access: County Road/County Maintained
  • Tenant Pays: Deposit, Gas
  • Total Operating Epense: 5274.0000
  • Unit 1 Bedrooms: 3
  • Unit 2 Bedrooms: 3
  • Utilities: Natural Gas, Electric
Courtesy of Coldwell Banker Res-CanyonBlvd

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Judy Nystrom & Julia Daley
"The Home Team"

Judy: 970-586-3333 
Email Judy
Julia: 720-937-0806
Email Julia