1170-1172 E 5th St Loveland, CO 80537

Listing details for 1170-1172 E 5th St, Loveland, CO 80537 : 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.