NOT LISTED FOR SALE

1501 E 16th St Loveland, CO 80538

5 Beds
3 Baths
4,500 Sq Ft
0.26 Acres

Last Sold August 16, 2019

Last sale price $883,000 $196 Per Sq Ft

141 Days on Market

Highlights

  • No HOA
  • Air Conditioning
  • Laundry Facilities
  • Brick Veneer
  • Baseboard Heating
  • Southern Exposure

About This Home

As of August 2019

Rare 6-plex Opportunity! Conveniently located near Hwy 34 & McKee Medical center, offers easy access to I-25 & shopping. This property boasts strong rental history & low vacancy, making it the perfect investment opportunity. Rental income & expense info are actual figures. Potential rents are higher. New "Smart-Tech" 95% efficient boiler installed Oct '18, parking paved '15, ext paint '14, roof '11, sewer line '02. Units & bldg have been well maintained. Minimum 24 hour notice for showings.

Last Agent to Sell the Property

Rhonda Heth

RE/MAX Alliance-FTC South Listed on: 03/28/2019

RE/MAX Alliance-FTC South

Last Buyer's Agent

Becky Finger

Resident Realty

Resident Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,607

Year Built

  • Built in 1970

Lot Details

  • 0.26 Acre Lot
  • Southern Exposure
  • Sprinkler System

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 4,500 Sq Ft Home
  • 1-Story Property
  • Window Treatments

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient HVAC

Schools

  • Monroe Elementary School
  • Ball Middle School
  • Mountain View High School

Utilities

  • Air Conditioning
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit, electricity, trash collection
  • Assessor Parcel Number R0335690

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Mc Kee Meadows First, Lov Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $73,860
  • Net Operating Income $61,242

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,607

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.26
  • Subdivision Name: Mc Kee Meadows First, LOV
  • Directions: From Hwy 34 and Madison. Go north on Madison and take first right (east) on E 16th Street. Property will be on north side of street.
  • Architectural Style: Ranch
  • Unit Levels: One, Bi-Level
  • New Construction: No
  • Efficiency: Southern Exposure, HVAC
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4500
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, All Appliances
  • Has Basement: None
  • Total Bedrooms: 5
  • Entry Location: Outside Entry
  • Interior Amenities: Outside Entry
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Lawn Sprinkler System
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, City of Lovelan
  • Heating: Hot Water, Baseboard
  • 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: Monroe
  • HighSchool: Mountain View
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Ball (Conrad)

Lot Info

  • Zoning: R3E
  • Lot Size Sq Ft: 11400
  • Parcel #: R0335690
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity, Trash Collection

Tax Info

  • Tax Year: 1970
  • Tax Annual Amount: 2607

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 73860
  • Income Includes: ["Lease/Rents","Laundry"]
  • Annual Operating Expense: 12618

Range of Values:

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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
11/13/2020 11/13/20 Off Market $883,000 -- --
08/16/2019 08/16/19 Sold $883,000 -4.0% $196 / Sq Ft
04/19/2019 04/19/19 Price Changed $920,000 -2.6% $204 / Sq Ft
04/06/2019 04/06/19 Price Changed $945,000 -3.1% $210 / Sq Ft
03/28/2019 03/28/19 For Sale $975,000 -- $217 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rhonda Heth

    Seller's Agent in 2019

    Rhonda Heth

    RE/MAX

    (970) 566-3516

    64 Total Sales

    Section Image

  • B

    Buyer's Agent in 2019

    Becky Finger

    Resident Realty

    (970) 430-1066

    15 Total Sales

    Section Image
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Map

Source: IRES MLS

MLS Number: 876002

IRES MLS

APN: 85073-08-003

Colorado Larimer County Loveland 80538

1501 E 16th St, Loveland, CO

This home is located at 1501 E 16th St, Loveland, CO 80538 since 28 March 2019. This property was built in 1970. 1501 E 16th St is a home located in Larimer County with nearby schools including Monroe Elementary School, Conrad Ball Middle School, and Mountain View High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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