$544,950

3321 Butternut Dr Loveland, CO 80538

Estimated payment $3,180/month

Total Views 260
5 Beds
3 Baths
2,147 Sq Ft
$254 Price per Sq Ft

Highlights

  • No HOA
  • Cooling Available
  • Ceiling Fan
  • Brick Veneer
  • Forced Air Heating System
  • Wood Fence

About This Home

Rents of $3,770 in place with leases until 7/31/26!!! Fantastic investment opportunity! This well maintained Loveland duplex offers two desirable rental units. The property features: 3321 Butternut Dr. - Spacious 3-bedroom, 2-bath unit with an open living area, functional kitchen, and generous bedroom sizes. 3323 Butternut Dr. - Comfortable 2-bedroom, 1-bath plus dedicated office layout, perfect for remote work or guests. Each unit has private entrances, separate utilities, and dedicated parking, providing convenience and privacy for tenants. Located in a quiet neighborhood with easy access to shopping, dining, schools, and major commuter routes. Whether you're expanding your portfolio or starting your real estate investment journey, this property offers immediate cash flow with stable tenants in place. Leased through July 2026. Don't miss this turnkey opportunity in one of Northern Colorado's most sought-after rental markets!

Listing Agent

Dave Lund

Noble Venture Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,521

Year Built

  • Built in 1971

Lot Details

  • 9,819 Sq Ft Lot
  • Wood Fence
  • Level Lot

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 2,147 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Driveway Level

Outdoor Features

  • Exterior Lighting

Schools

  • Lincoln Elementary School
  • Erwin Middle School
  • Loveland High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, trash collection
  • Assessor Parcel Number R0349186

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Sunset Acres Subdivision

Building Details

  • Gross Income $45,240
  • Net Operating Income $39,019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,521

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Inclusions: Electric Range/Oven,Dishwasher,Refrigerator,Clothes Washer,Clothes Dryer
  • Year Built: 1971
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.23
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Sunset Acres
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2147
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Accessibility Features: Level Lot, Level Drive
  • Has Basement: None
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Wood
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet
  • View: No
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure, Lead Paint Disclosure
  • Home Warranty: No
  • Construction Type: Brick/Brick Veneer
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Cooling: Wall/Window Unit(s), Ceiling Fan(s)
  • Electric: Electric, City of Lovelnd
  • 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

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Lincoln
  • HighSchool: Loveland
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Erwin, Lucile

Lot Info

  • Zoning: R3E
  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 9819
  • Parcel #: R0349186
  • Irrigation Water Rights: No

Rental Info

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

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2521

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 45240
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 6221
  • Total Actual Rent: 3700

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 $2,521 $35,276 $3,015 $32,261
2024 $2,431 $35,276 $3,015 $32,261
2022 $2,051 $25,772 $3,060 $22,712
2021 $2,154 $27,099 $3,218 $23,881
2020 $1,969 $24,768 $3,218 $21,550
2019 $1,936 $24,768 $3,218 $21,550
2018 $1,481 $18,000 $3,240 $14,760
2017 $1,276 $18,000 $3,240 $14,760
2016 $1,395 $19,024 $3,582 $15,442
2015 $1,384 $19,020 $3,580 $15,440
2014 $1,171 $15,570 $3,580 $11,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $544,950 -- $254 / Sq Ft
Source: IRES MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Unified Title Company Of Nor
Trustee Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- North American Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Larimer County Title Co Inc
Interfamily Deed Transfer -- --
Special Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,000,000 Credit Line Revolving
Closed $231,000 Stand Alone Refi Refinance Of Original Loan
Closed $162,417 Purchase Money Mortgage
Previous Owner $164,500 New Conventional
Previous Owner $129,250 Unknown
Previous Owner $122,200 No Value Available
Previous Owner $101,400 No Value Available
Previous Owner $95,900 No Value Available
Source: Public Records

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Source: IRES MLS

MLS Number: 1041659

IRES MLS

APN: 95024-34-029