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Buy a multi-family propertyat 1841 Lily Place, Loveland, CO 80537

$795,000

$800,000 (-0.62%)

$0/mo

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Multifamily

3,357 Sq. Ft.

9,640 Sq. Ft. lot

0 Bathrooms

727 Days on market

IR987593 MLS ID

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About 1841 Lily Place multi-family property

Backup offers will be considered. Great 4-plex investment property. Over under 4-plex with one 3-bedroom unit and three 2-bedroom units. The building has a common are storage room offering each unit a storage closet. There is a workbench and some storage shelves in the front of the common area for the landlord. Appliances in each of the units are included, except the washer/dryer which are all owned by tenants. Three of the units have an A/C split unit. Unit 2 does not have one. Three units currently rented and the Seller lives in one of the units. The units are currently under market rent at $1,250 (3 bd), $1,000, and $1,000. All three units have leases that end Oct 31, 2023. Seller is leaving the area on Sep-2, 2023. Seller would like to stay in unit #2 until they leave, but they willing to pay rent for the time after closing. There is no HOA. New roof installed in Mar 2022. Currently, the backyard is fenced off as a private dog run as the landlord has allowed pets. There is a sprinkler system, but it was made inactive. The backflow device was disconnected, but the water line is still available in the lower-level storage room.
Backup offers will be considered. Great 4-plex investment property. Over under 4-plex with one 3-bedroom unit and three 2-bedroom units. The building has a common are storage room offering each unit a storage closet. There is a workbench and some storage shelves in the front of the common area for the landlord. Appliances in each of the units are included, except the washer/dryer which are all owned by tenants. Three of the units have an A/C split unit. Unit 2 does not have one. Three units currently rented and the Seller lives in one of the units. The units are currently under market rent at $1,250 (3 bd), $1,000, and $1,000. All three units have leases that end Oct 31, 2023. Seller is leaving the area on Sep-2, 2023. Seller would like to stay in unit #2 until they leave, but they willing to pay rent for the time after closing. There is no HOA. New roof installed in Mar 2022. Currently, the backyard is fenced off as a private dog run as the landlord has allowed pets. There is a sprinkler system, but it was made inactive. The backflow device was disconnected, but the water line is still available in the lower-level storage room.

Property details

Property Access

Road Frontage Type: "Public"

Road Surface Type: "Paved"

Appliances and Equipment

"Dishwasher", "Oven", "Refrigerator"

Basement

"None"

Bedrooms: 0

House

Architectural Style: "Contemporary"

Construction Materials: "Brick", "Wood Frame", "Wood Siding"

Direction Faces: South

Levels: "Two"

Occupant Type: Owner

Total Area: 3357

Unit Count: 4

Unit Types: "Array", "Array", "Array", "Array"

Built in 1979

4 total units

Cooling

Cooling: "Air Conditioning-Room"

Disclosures

Attribution Contact: 9706630700

Expenses

Operating Expense: $10,853

Exterior Features

Patio And Porch Features: "Patio"

Fence

Fencing: "Fenced"

Foundation

Foundation Details: "Slab"

Heating

Heating: "Baseboard"

Heating & Cooling

Description: Room Air Conditioner

Income

Gross Income: $4,250

Income Includes: "Rent Only"

Net Operating Income: $62,347

Projected Gross Operating Income: $73,200

Laundry

Features: "In Unit"

Listing

Listing Id: RECIR987593

Standard Status: Active Under Contract

Mls Status: Pending

Accepting Backup Offers: {value

Listing Contract Date: 2023-05-12

Listing Terms: "Cash", "Conventional"

Off Market Date: 2023-07-18

Original List Price: $850,000

Location

County Or Parish: Larimer

Subdivision Name: Thompson Valley Estates

Lot

Acres: 0.22

Features: "Cul-De-Sac", "Level"

Parcel Number: R0729779

Square Feet: 9640

Owner Pays

Ownership: Individual

Possession

"Closing/DOD"

Property

Possible Use: "Multi-Family"

Property Sub Type: Quadplex

View: "City"

Zoning: R3

Roof

Roof: "Composition"

Schools

Elementary School: Sarah Milner

Elementary School District: Thompson R2-J

Middle Or Junior School: Walt Clark

High School: Thompson Valley

High School District: Thompson R2-J

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 3550

Legal Description: LOT 11, BLOCK 1, THOMPSON VALLEY ESTATES THIRD SUBDIVISION, BEING A SUBDIVISION OF A PORTION OF TRACT 5 OF THOMPSON VALLEY ESTATES FIRST ADDITION TO THE CITY OF LOVELAND, COUNTY OF LARIMER, STATE OF COLORADO.

Tax Year: 2022

Tenant Pays

Tenant Pays: "Electricity"

Utilities

Utilities: "Electricity Available"

Water Source: "Public"

Windows

Window Features: "Window Coverings"

Monthly cost

Estimated monthly cost

$4,900/mo

All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$747,300

+$23,850

$771,150

Seller agent commission$23,850 (3%)*

$0 (0%)

Buyer agent commission$23,850 (3%)*

$23,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

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Unreal Estate checked: Sep 10, 2024 at 1:32 p.m.

Data updated: Jul 20, 2023 at 6:04 p.m.

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