$850,000
SOLD APR 10, 2025

1302 E 16th St Unit 1-4 Loveland, CO 80538

8 Beds
4 Baths
4,687 Sq Ft
0.27 Acres

Recently Sold

$181 Per Sq Ft

5% Below List Price

182 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Eat-In Kitchen
  • Corner Lot
  • Balcony
  • Brick Veneer

About This Home

As of April 2025

INVESTORS!!! Great 4-plex centrally located in Loveland, well maintained and cared for. All units are 2 bed 1 full bath. There are 2 identical units which are 2 stories. The other two floorplans are one story ranches. The property has an on site laundry room with coin operated machines. This property has wonderful mature trees, grassy areas for tenants, partially fenced yards and a sprinkler system. The garages are each 2 car garages with a side entrance. These are attached to the building but are not specifically attached to a unit, which makes them available to any renter. All units have in wall A/C units, ceiling fans, Refrigerators, Dishwashers and Electric Oven/Cooktop and Microwaves (Unit 1 & 3 do not have a microwaves) All units are currently rented with leases expiring May-July 2025. Walking distance to Downtown Loveland with everything else near by and walkable including city transportation. Seller is a Licensed Broker. Buyer to verify all deemed information. Operating Expenses entered are YTD through 9/30/2024. Tenants pay Electric. Owner pays water and gas.

Last Agent to Sell the Property

holly mitchell

High Point Homes Listed on: 10/10/2024

Last Buyer's Agent

Steven Shafer

The Crisafulli Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,738

Year Built

  • Built in 1969

Lot Details

  • 0.27 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinkler System

Parking

  • Alley Access

Home Design

  • Contemporary Architecture
  • Property Attached
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 4,687 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Property is near a bus stop

Schools

  • Peakview Academy At Conrad Ball Elementary And Middle School
  • Mountain View High School

Utilities

  • Air Conditioning
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0337994

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Mckee Meadows Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $67,180
  • Net Operating Income $56,386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,738

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Year Built: 1969
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.27
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Concrete
  • Subdivision Name: McKee Meadows
  • Architectural Style: Contemporary/Modern
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4687
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Accessibility Features: Near Bus
  • Has Basement: None
  • Total Bedrooms: 8
  • Interior Amenities: Eat-in Kitchen, Walk-In Closet(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Corner Lot, Level
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Exterior Features: Lighting, Balcony
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Room Air Conditioner, Ceiling Fan(s)
  • Electric: Electric, Separate Meter Electricity, City of Lovelan
  • Heating: Radiant
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Common Area
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Peakview Academy at Conrad Ball
  • HighSchool: Mountain View
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Peakview Academy at Conrad Ball

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 11761
  • Parcel #: R0337994
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3738

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 67180
  • Income Includes: ["Lease/Rents","Common Area Fees","Laundry"]
  • Annual Operating Expense: 10794

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Sold $850,000 -2.8% $181 / Sq Ft
12/13/2024 12/13/24 Price Changed $874,900 -2.2% $187 / Sq Ft
10/10/2024 10/10/24 For Sale $895,000 -- $191 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 1020414

IRES MLS