Assumable FHA loan possibility! Great investment opportunity just west of downtown Loveland on a quiet street filled with trees. Duplex is fully rented with steady tenants. Unit 901: Currently leased at $1,700/month with the lease ending 2/28/26. This unit features 804 square feet, built in desk/office, beautiful hardwood floors, an attached garage, and a backyard with a patio overlooking the Barnes Irrigation river. Unit 903: Newly renovated and rented through 10/31/26 for $1500/mo. Recent updates include a new kitchen and appliances, freshly tiled bath, fresh paint, LVP flooring, upgraded doors and trim, new electrical outlets/covers, and new baseboards. Both units have been pre inspected.
Property Features
Bedrooms
Appliances
- Electric Range
- Dishwasher
- Refrigerator
- Microwave
Bathrooms
Heating and Cooling
- Heating Features: Forced Air
- Heating: Yes
Exterior and Lot Features
- Fencing: Fenced
- Road Frontage Type: City Street
- Street Additional Info: 903
Land Info
- Land Lease Amount Frequency: Year Lease
- Lot Description: Paved
- Lot Size Acres: 0.13
- Lot Size Square Feet: 5663
Garage and Parking
- Other Parking: 1 Space/Unit
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Garfield
- High School: Thompson Valley
- High School District: Thompson R2-J
- Middle School: Walt Clark
- School District: Thompson R2-J
Rental Info
- Gross Income: 38400
- Tenant Pays: Deposit, Gas, Electricity, 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: 804
- Unit-2 Square Feet: 629
Other Property Info
- Annual Tax Amount: 1950
- Source Listing Status: Active
- County: Larimer
- Cap Rate: 7.41
- Tax Year: 2024
- Source Property Type: Residential Income
- Exclusions: Tenants personal property
- Possible Use: Multi-Family
- Area: Loveland/Berthoud
- Property Subtype: condo
- Source Neighborhood: Romar
- Parcel Number: R0409103
- Subdivision: Romar
- Zoning: R3E
- Property Subtype: Duplex
Farm Info
- Irrigation Water Rights: No
Commercial Info
- Net Operating Income: 35610
- Operating Expense: 2790
Building and Construction
- Total Square Feet Living: 1433
- Year Built: 1963
- Construction Materials: Frame
- Levels: One
- Property Age: 63
- Property Condition: Not New, Previously Owned
- Roof: Composition
- Levels or Stories: One
- Structure Type: Duplex
Utilities
- Natural Gas Available
- Water Source: City
