$1,495,000

2120 3rd St SW Unit 1 Loveland, CO 80537

Estimated payment $8,441/month

Total Views 3,477
13 Beds
12 Baths
7,172 Sq Ft
$208 Price per Sq Ft

Highlights

  • Corner Lot
  • Patio
  • Partially Fenced Property
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

Rare investment opportunity to own a townhome 4-plex in great SW Loveland location. Four separate units being sold in one vesting deed, new owner would have the opportunity to sell units individually. Current tenants pay all utilities, water/sewer, gas, electric & trash. Well-kept building featuring townhome units, two interior units and two end units. Each unit offers 1,793-sqft, 3+ bedrooms, 3 bathrooms, attached two-car garage, private backyard space with patio and grass area, and full basement. Unit 2120 features a finished basement and 4th bedroom. The remaining 3 units (2122, 2124 and 2126) have unfinished basements with rough-in plumbing and 2 egress windows, these spaces offer many possibilities for additional income. All 4 units have newer furnaces and central AC units. Roof was replaced in 2023 and new exterior paint in 2025. Property is currently under professional management, new owner can keep current management company, self manage or choose their own. Great potential for future financial growth.

Listing Agent

Derek Clapp

The Agency - Boulder Listed on: 07/02/2025

The Agency - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,177

Year Built

  • Built in 1995

Lot Details

  • 10,454 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Sprinkler System

Parking

  • 8 Parking Spaces

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 7,172 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 12 Bathrooms

Schools

  • Milner Elementary School
  • Clark Middle School
  • Thompson Valley High School

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R1449761

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Rosewood Twnhms Condos Subdivision

Building Details

  • Gross Income $115,080
  • Net Operating Income $97,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,177

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Inclusions: Electric Range/Oven,Dishwasher,Refrigerator
  • Year Built: 1995
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.24
  • Subdivision Name: Rosewood Twnhms Condos
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 7172
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: Full, Unfinished
  • Total Bedrooms: 13

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Lawn Sprinkler System, Corner Lot
  • View: No
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame, Vinyl Siding
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Cooling: Central Air
  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: No
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Milner (Sarah)
  • HighSchool: Thompson Valley
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Clark (Walt)

Lot Info

  • Zoning: RES
  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 10454
  • Parcel #: R1449761
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6177

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 115080
  • Income Includes: ["Lease/Rents"]
  • Total Actual Rent: 8800

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $1,711 $25,125 $1,608 $23,517
2024 $1,650 $25,125 $1,608 $23,517
2022 $1,635 $20,551 $1,668 $18,883
2021 $1,680 $21,143 $1,716 $19,427
2020 $1,866 $23,466 $1,716 $21,750
2019 $1,834 $23,466 $1,716 $21,750
2018 $1,599 $19,426 $1,728 $17,698
2017 $1,377 $19,426 $1,728 $17,698
2016 $955 $13,014 $1,910 $11,104
2015 $947 $17,340 $1,910 $15,430
2014 $912 $12,130 $1,910 $10,220
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2025 07/07/25 For Sale $1,495,000 +17.7% $208 / Sq Ft
10/18/2024 10/18/24 Sold $1,270,000 -7.6% $177 / Sq Ft View Prior Sale
09/18/2024 09/18/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $1,375,000 +71.9% $192 / Sq Ft
01/28/2019 01/28/19 Off Market $800,000 -- --
02/16/2016 02/16/16 Sold $800,000 -3.0% $112 / Sq Ft View Prior Sale
01/17/2016 01/17/16 Pending -- -- --
12/17/2015 12/17/15 For Sale $825,000 -- $115 / Sq Ft
Source: IRES MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,270,000 None Listed On Document
Deed -- None Listed On Document
Warranty Deed $150,000 Guardian Title
Special Warranty Deed $145,000 Fahtco
Trustee Deed -- --
Quit Claim Deed -- --
Warranty Deed $120,000 --
Warranty Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $948,750 New Conventional
Previous Owner $108,750 Purchase Money Mortgage
Source: Public Records

Source: IRES MLS

MLS Number: 1038212

IRES MLS

APN: 95222-54-001