918-922 North Garfield Avenue

Loveland, CO 80537

$2,150,000
Price
16
Beds
15
Baths
9,080 Sq. Ft.
$237 / Sq. Ft.
9,080
Sq. Ft.
$237
per Sq. Ft.

Description

Location, location, location! Offered at a CAP rate of over 5%, this multifamily property has six producing units (3 duplexes). The units are within walking distance of downtown Loveland, and have had virtually a 0% vacancy rate historically since the units were built. The two larger duplexes (3bed/2.5bath) were completed in 2019, and include open floorplans, stainless appliances, lots of natural light, in-unit laundry, fenced yards, unfinished basements and 1-car garages as well as off-street permitted...Location, location, location! Offered at a CAP rate of over 5%, this multifamily property has six producing units (3 duplexes). The units are within walking distance of downtown Loveland, and have had virtually a 0% vacancy rate historically since the units were built. The two larger duplexes (3bed/2.5bath) were completed in 2019, and include open floorplans, stainless appliances, lots of natural light, in-unit laundry, fenced yards, unfinished basements and 1-car garages as well as off-street permitted parking. The two smaller units were converted and completely remodeled to the current floorplans and brought to code in 2016, the exterior repainted in 2024. They include updated appliances, open floor plans, natural light, with the charm of some of the original built-in storage, in-unit laundry, off-street permitted parking and enclosed back yards. The original duplex can be rebuilt into a 4-plex of studio units; parking and fire codes have already been satisfied for this plan. In a quiet residential neighborhood with mature landscaping, but close to 4th Street in Loveland, schools, parks, restaurants, bars/breweries, shopping, etc. Sellers/Owners are both licensed real estate agents.
  1. Listed by Troy Valente • Peak Impact Real Estate • 9705769183

Property Details for 918-922 North Garfield Avenue

Description 1
Duplex
LISTING UPDATED: 08/14/2024 05:37 AM

Property Details for 918-922 North Garfield Avenue

StatusActive
MLS #1011836
Days on Compass165
Taxes$11,268 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeIncome Property
Year Built2019
Lot Size0.46 AC / 20,038 SF
CountyLarimer County

Building Information for 918-922 North Garfield Avenue

Stories1Residences6Year Built2019Building Size-Lot Size0.46 AC / 20,038 SF

Property Information for 918-922 North Garfield Avenue

Summary
Location and General Information
  • Road Access 2: City Street
  • Longitude and Latitude: -105.07757, 40.40164
  • Latitude: 40.40
  • Longitude: -105.08
  • Elementary School District: Thompson R2-J
  • Middle Or Junior School District: Thompson R2-J
Parking
  • Total Parking: 12.00
  • Parking Features: Garage Door Opener
Taxes and HOA Information
  • Tax Information: No
  • Tax Year: 2023
  • Tax Annual Amount: $11,268
  • Parcel Number: R1658865
Property
Lot Information
  • Lot Improvements: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Lawn Sprinkler System, Level, Within City Limits
  • Lot Size Area: 20,038.00
  • Lot Size Units: Square Feet
  • Has Irrigation Water Rights: No
  • Has Improvements: No
Property and Assessments
  • Total Finished Area Source: Plans
  • Total Finished Area Units: Square Feet
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Location Description 2: No
  • Property Attached YN: Yes
  • Are Ditches Active: No
  • Security Features: Smoke Detector(s), Fire Sprinklers, Fire Alarm
  • New Construction YN: Yes
  • Property Styles: 1
  • Levels: One, Two
  • Home Warranty YN: No
Utilities
  • Cooling: Yes
  • Utilities 1: No
  • Electric: Electric, Separate Meter Electricity, Loveland
  • Gas: Natural Gas, Separate Meter Gas, Xcel
  • Sewer: City Sewer
  • Green Energy Efficient: Southern Exposure, HVAC
  • Heating YN: Yes
Interior and Exterior Features
Exterior Features
  • Exterior Features: Lighting
Interior Features
  • ViewYN: No
  • Interior Features: Satellite Avail, High Speed Internet, Eat-in Kitchen, Open Floorplan, Pantry
  • Laundry Features: Washer/Dryer Hookups
  • Spa YN: No
  • Units Furnished: None
  • Window Features: Window Coverings, Double Pane Windows
Multi Family
Multi-Family Information
  • Unit 1's Number of Bedrooms: 3
  • Unit 1's Number of Baths: 3.00
  • Number of 1 bedroom units: 1
  • Number of units in Unit 1: 1
  • Unit 1's Estimated Square Feet: 1234
  • Unit 2's Number of Bedrooms: 3
  • Unit 2's Number of Baths: 3.00
  • Number of units in Unit 2: 1
  • Unit 2's Estimated Square Feet: 1234
  • Unit 3's Number of Bedrooms: 3
  • Unit 3's Number of Baths: 3.00
  • Number of 3 bedroom units: 5
  • Unit 3's Estimated Square Feet: 1302
  • Number of units in Unit 3: 1
  • Unit 4's Number of Bedrooms: 3
  • Unit 4's Number of Baths: 3.00
  • Unit 4's Estimated Square Feet: 1302
  • Number of units in Unit 4: 1
  • Unit 5's Number of Bedrooms: 3
  • Unit 5's Number of Baths: 1.00
  • Unit 5's Estimated Square Feet: 912
  • Number of units in Unit 5: 1
  • Unit 6's Number of Bedrooms: 1
  • Unit 6's Number of Baths: 2.00
  • Unit 6's Estimated Square Feet: 960
  • Number of units in Unit 6: 1
Rental
Rental Information
  • Rent Unit 1: $2,450.00
  • Rent Unit 2: $2,300.00
  • Rent Unit 3: $2,400.00
  • Rent Unit 4: $2,400.00
  • Rent Unit 5: $1,600.00
  • Rent Unit 6: $1,300.00
  • Lease Sq Ft Unit: Square Feet
  • Total Actual Rent: $12,450.00
  • Horse YN: No

Schools near 918-922 North Garfield Avenue

This home is within Thompson R2-J School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Truscott Elementary School
PublicK to 5

Bill Reed Middle School
Public6 to 8

Loveland High School
Public9 to 12

Harold Ferguson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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918-922 North Garfield Avenue is a multi-family home for sale in Loveland, CO 80537. This property was listed for sale on June 12, 2024 by Peak Impact Real Estate, it's currently listed at $2,150,000. This listing's school district is Thompson R2-J School District. Nearby schools include Truscott Elementary School, Bill Reed Middle School and Loveland High School. 918-922 North Garfield Avenue is a 16-bed, 15-bath, 9,080 sqft multi-family home built in 2019.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Peak Impact Real Estate, Troy Valente

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.