NOT LISTED FOR SALE

3566 Butternut Dr Unit A, B, C, D Loveland, CO 80538

2 Beds
2 Baths
3,886 Sq Ft
0.26 Acres

Last Sold October 29, 2021

Last sale price $863,500 $222 Per Sq Ft

20 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • High Speed Internet
  • Eat-In Kitchen
  • Baseboard Heating

About This Home

As of October 2021

Great investment opportunity. Looking for a near 6% cap rate then check out this fully leased 4-plex in NW Loveland. All units are 2 stories w/ 2 bedroom and 1.5 baths. No HOA and low maintenanceexterior help with your cashflow. Units have been regularly maintained, updated and kept serviceableover the past few years. There is an owned, onsite coin-op laundry facility to add to your bottom line. 7reserved parking spot and additional off-street parking. Tenants pay electric. Owner pays water, sewerand trash with a monthly billback.

Last Agent to Sell the Property

Jim Watson

Group Mulberry Listed on: 09/17/2021

Group Mulberry

Last Buyer's Agent

Leslie Oldham

Realty One Group Five Star

Realty One Group Five Star

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,098

Year Built

  • Built in 1978

Lot Details

  • 0.26 Acre Lot

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,886 Sq Ft Home
  • 2-Story Property

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Schools

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

Utilities

  • Baseboard Heating
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Assessor Parcel Number R0660299

Community Details

Overview

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

Building Details

  • Gross Income $61,860
  • Net Operating Income $53,006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,098

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Year Built: 1978
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.26
  • Road Frontage Type: City Street
  • Subdivision Name: Sunset Acres
  • Directions: From 37th & 287- West to Sheridan- south to Butternut- Follow to property
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3886
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 2
  • Interior Amenities: High Speed Internet, Eat-in Kitchen
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Utilities

  • Electric: Electric, City of LVD
  • Heating: Baseboard
  • Utilities: Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Loveland

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
  • Lot Size Sq Ft: 11156
  • Parcel #: R0660299
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3098

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 61860
  • Income Includes: ["Lease/Rents","Laundry"]
  • Annual Operating Expense: 8854

Range of Values:

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Sold Price
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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
01/30/2022 01/30/22 Off Market $863,500 -- --
10/29/2021 10/29/21 Sold $863,500 -3.9% $222 / Sq Ft
09/17/2021 09/17/21 For Sale $899,000 -- $231 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Watson

    Seller's Agent in 2021

    Jim Watson

    Group Mulberry

    (970) 219-5219

    10 in this area

    54 Total Sales

    Jim Watson
    Section Image
  • Leslie Oldham

    Buyer's Agent in 2021

    Leslie Oldham

    Realty One Group Five Star

    (303) 517-3401

    2 in this area

    57 Total Sales

    Leslie Oldham
    Section Image
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Map

Source: IRES MLS

MLS Number: 951304

IRES MLS
Colorado Larimer County Loveland 80538

3566 Butternut Dr Unit A, B, C, D, Loveland, CO

This home is located at 3566 Butternut Dr Unit A, B, C, D, Loveland, CO 80538 since 17 September 2021. This property was built in 1978. 3566 Butternut Dr Unit A, B, C, D is a home located in Larimer County with nearby schools including Lincoln Elementary School, Lucile Erwin Middle School, and Loveland 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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