NOT LISTED FOR SALE

1646 E 16th St Loveland, CO 80538

4 Beds
2 Baths
7,434 Sq Ft
0.28 Acres Lot

Sale Details

Date Sold: September 23, 2020

Last sale price $1,195,000 $161 Per Sq Ft

8 Days on Market

Highlights

  • City View
  • Contemporary Architecture
  • Brick Veneer
  • Open Floorplan
  • No HOA
  • Air Conditioning

About This Home

As of September 2020

Northern Colorado 8 Plex with 2BR/1BA units in the heart of Loveland! Easy access to Boyd Lake, McKee Hospital, and Highway 34 from this central Loveland location. This investment is turn key with professional management - all utilities (Water/Sewer/Gas) are billed back on top of rent, extra income from the 2 separate coin operated laundries, covered parking, and inside entry make these desirable and easy to rent units! All eight units are 2 bed/1 bath and rented through Aug 2021. All units have updated flooring and paint and some have updated bathrooms with three piece bathtubs. Brand new rood in 2016! Email to see the full video walkthrough. This well maintained 8 plex is a perfect addition to your multifamily portfolio!

Last Agent to Sell the Property

Dave Lund

Noble Venture License #100027322 Listed on: 08/20/2020

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,852

Year Built

  • Built in 1971

Lot Details

  • 12,000 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Contemporary Architecture
  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 7,434 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Window Treatments
  • Dining Room
  • City Views
  • Natural lighting in basement

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Alley Access
  • Driveway Level

Accessible Home Design

  • Accessible Approach with Ramp
  • Low Pile Carpeting

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near bus stop

Schools

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

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0336297

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • 8/14 Subdivision

Building Details

  • Gross Income $93,890
  • Net Operating Income $77,451

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,852

Year Built

Built in 1971

Lot Details

0.28 Acres

Listing Details

  • Year Built: 1971
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.28
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: 8/14
  • Architectural Style: Contemporary/Modern
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 7434
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Accessibility Features: Accessible Approach with Ramp, Level Lot, Level Drive, Near Bus, Low Carpet
  • Has Basement: Daylight
  • Total Bedrooms: 4
  • Interior Amenities: Separate Dining Room, Open Floorplan
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Level
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Exterior Features: Lighting
  • Other Structures: Storage
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, City of Lvld
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • 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: MF
  • Lot Size Sq Ft: 12000
  • Parcel #: R0336297
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3851.65

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 93890
  • Income Includes: ["Lease/Rents","Laundry"]
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/23/2020 12/23/20 Off Market $1,195,000 -- --
09/23/2020 09/23/20 Sold $1,195,000 0.0% $161 / Sq Ft
08/20/2020 08/20/20 For Sale $1,195,000 -- $161 / Sq Ft
Source: IRES MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,192 $105,000 $12,500 $92,500
2024 $6,936 $93,800 $20,100 $73,700
2022 $6,060 $76,160 $13,600 $62,560
2021 $6,364 $80,080 $14,300 $65,780
2020 $4,775 $60,060 $14,300 $45,760
2019 $4,695 $60,060 $14,300 $45,760
2018 $3,852 $46,800 $12,384 $34,416
2017 $3,317 $46,800 $12,384 $34,416
2016 $2,861 $39,004 $7,960 $31,044
2015 $2,837 $39,000 $7,960 $31,040
2014 $2,930 $38,970 $7,960 $31,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE921704

IRES MLS

APN: 85073-15-003

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