Discover this charming duplex located at 3403-3405 Butternut Drive in Loveland, offering a fantastic investment opportunity with very easy rental potential. With no HOA fees to worry about, tenants are responsible for all utilities, making management straightforward for the landlord. Each unit features two bedrooms and a full bathroom, complemented by the convenience of a one-car garage. The property includes private yards, creating an inviting outdoor space for residents. With a history of very low vacancy, this duplex is an excellent addition to any rental portfolio.
Property Features
Bedrooms
Interior Features
Appliances
- Electric Range
- Dishwasher
- Microwave
Other Rooms
- Basement Features: Crawl Space
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
- Heating: Yes
Bathrooms
Exterior and Lot Features
- Fencing: Fenced, Wood
- Road Frontage Type: City Street
- Road Surface Type: Asphalt
- Street Additional Info: 3405
Land Info
- Lot Description: Paved
- Lot Size Acres: 0.23
- Lot Size Square Feet: 10019
Garage and Parking
- Other Parking: 1 Space/Unit
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Lincoln
- High School: Loveland
- High School District: Thompson R2-J
- Middle School: Erwin, Lucile
- School District: Thompson R2-J
Rental Info
- Gross Income: 31320
- Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection
Multi-Unit Info
- Number of Units: 2
- Number of 2 Bedroom Units: 2
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Unit-1 Square Feet: 939
- Unit-2 Square Feet: 939
Other Property Info
- Annual Tax Amount: 2576
- Source Listing Status: Active
- County: Larimer
- Cap Rate: 4.99
- Tax Year: 2024
- Source Property Type: Residential Income
- Exclusions: Tenant's Personal Property
- Possible Use: Multi-Family
- Area: Loveland/Berthoud
- Property Subtype: condo
- Source Neighborhood: Sunset Acres
- Parcel Number: R0349178
- Subdivision: Sunset Acres
- Zoning: R3E
- Property Subtype: Duplex
Farm Info
- Irrigation Water Rights: No
Commercial Info
- Net Operating Income: 26435
- Operating Expense: 4885
Building and Construction
- Total Square Feet Living: 1878
- Year Built: 1971
- Construction Materials: Frame
- Levels: One
- Living Area Source: Assessor
- Property Age: 55
- Property Condition: Not New, Previously Owned
- Roof: Composition
- Levels or Stories: One
- Structure Type: Duplex
Utilities
- Electric: City of LVLD
- Sewer: Public Sewer
- Natural Gas Available
- Electricity Available
- High Speed Avail
- Water Source: City
Accessibility Features
- Accessibility Features: Main Floor Bath, Main Level Bedroom
