1488 E 5th Street Loveland, CO $ 1,400,000
1488 E 5th Street
$ 1,400,000
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1488 E 5th Street

Loveland, CO, 80537
$ 1,400,000
Baths0.0 Sq 7,233

Monthly Estimate*

$ 9,305

Listed by Capstone Apartment Partners, LLC
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Studio

Commercial Property for sale in Loveland, CO

for $1,400,000. This 7,233 square foot building was built in 1973 on a lot size of 0.26.

» This property boasts five 2 Bed/1 Bath, and one 1 Bed/1 Bath unit, providing great in-place cash flow. » Value-add opportunity as only one unit has been recently renovated with new flooring and appliances. » Opportunity to develop 5 additional units on site- please call us for further details. » Minutes from Downtown Loveland, this property provides tenants easy access to restaurants, retail, and employment opportunities. » Room to increase in place rent upon purchase. » Spacious 600 and 800 sqft units.

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Commercial Active

Price

$ 1,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,545

Style

Low Rise (1-3)

Lot Size

0.26

Year Built

1973

Town/City

Loveland

County/Region

Larimer

MLS | Web ID

2445505

Features
General
Sewer Public Sewer
Possession Closing/DOD
Zoning R3E
Garage Spaces 0
Exclusions Tenant Personal Property.
Year Built 1973
Stories 2
Property SubType Multi-Family
Tax Year 2022
Current Use Multi-Family
Gross Income 114000
County Larimer
Operating Expense 27513
Property Type Commercial Sale
Attached Garage N
Status Active
City Loveland
Buyer Agent Compensation 1.5
Total Units 6
Lot Size Square Feet 11326
Carport Spaces 0
Street Name 5th
Listing Terms Cash Conventional
Tax Annual Amount 4545
Structure Type Low Rise (1-3)
Standard Status Active
Cap Rate 6.1
Buyer Agent Compensation Type %
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 11326
Building Area Total 7233
Lot Size Acres 0.26
Lot Size Units Square Feet
Road Frontage Type Public
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Interior
Street Suffix Street
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Internal Only
Street Number 1 1488
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* Excluded Features
List By
Capstone Apartment Partners, Llc

Broker

(303) 328-5208

Phone

Affordability Calculator

$9,684
Per Month
96%
4%
0%
Monthly Principal & Interest
$9,305
Monthly Property Taxes
$379
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2024$1,400,000 Listed Price

Map


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1488 E 5th Street, Loveland, CO, 80537 is a Commercial Property for sale at $1,400,000 with 7,233 sqft and a lot size of 0.26. 1488 E 5th Street is a studio with 0.0 baths and was built in 1973. The property's zip code is 80537 which is in Loveland, CO