3609 Butternut, Loveland, CO 80538
3609 Butternut, Loveland, CO 80538
3609 Butternut, Loveland, CO 80538
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$760,000
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887 SqFt
Active

3609 Butternut Loveland, CO 80538

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The Blonder Group

The Blonder Group

+1(970) 305-5775

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 887 sqft

Subdivision Sunset Acres

MLS Listing ID IRE1062281

HOA Y/N No

Year Built 1971

Annual Tax Amount $4,875

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi Family

Source ires

Property Description

TURNKEY 4-PLEX INVESTMENT OPPORTUNITY IN THE HEART OF LOVELAND!Exceptional opportunity to own a well-maintained fourplex in one of Loveland's most convenient locations.With strong rental history, long-term tenants, and future upside potential, this property offers the ideal combination of immediate cash flow and long-term investment value.Each of the four spacious units offers approximately 887 sq ft of living space and features through-the-wall air conditioning, private outdoor spaces and individually metered electric service paid directly by tenants.Residents enjoy a unique residential feel rarely found in multifamily properties: a large irrigated yard,mature shade trees, automatic sprinkler system, inviting porches, private patios & generous off-street parking. Each unit is assigned its own driveway parking area with space for two vehicles, adding to tenant convenience.The property also includes a coin-operated laundry room,providing additional income potential and convenience for residents.Recent improvements demonstrate pride of ownership and thoughtful maintenance, including exterior paint completed within the last year, interior paint updates throughout the units within the past few years, updated flooring in three of the four units, & one of the two 50-gallon water heaters replaced within the last year. Units 3609, 3611, and 3613 feature newer luxury vinyl plank flooring and/or carpet,Current rental income totals $5,440 per month, with rents of $1,400, $1,300, $1,440, and $1,300 respectively. Several tenants have established long-term residency, all residents have expressed interest in renewing their leases, there is potential for future rent increases.Conveniently located near shopping, public transportation, this investment property offers stable income, low-maintenance ownership, strong tenant appeal, and turnkey management potential.Whether you're expanding your portfolio or entering the multifamily market, this Loveland fourplex is a rare opportunity.

Location

State CO

County Larimer

Community Sunset Acres

Area Loveland/Berthoud

Zoning R3E

Direction When heading south on North Garfield Ave (Or College) take a right onto West 37th, and a left onto Sheridan. Then take a left onto Butternut. Home will be on the left hand side.

Rooms

Basement None

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Appliance No Units Furnished, Electric Range, Dishwasher, Refrigerator, Disposal, Fire Alarm

Exterior

Exterior Feature Sprinkler System

Fence Partial, Wood

Community Features Park, Community Laundry

Utilities Available Natural Gas Available, Electricity Available

View Y/N No

Roof Type Composition

Improvements No

Porch Deck

Garage No

Building

Lot Description Level, Paved, Curbs, Gutters, Sidewalks

Sewer Public Sewer

Water City

Level or Stories One, Two

Structure Type Frame

New Construction false

Schools

Elementary Schools Lincoln

Middle Schools Erwin, Lucile

High Schools Thompson R2-J

School District Thompson R2-J

Others

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Private Owner

Virtual Tour https://cleancapture-property-solutions.aryeo.com/sites/eygbvbwo/unbranded

Information and Real Estate Services (IRES)
Listed by Tara Moreno

NEARBY SCHOOL & BUSINESS

The Blonder Group
The Blonder Group

Realtors License ID: FA100080134

+1(970) 305-5775 | homes@theblonders.com

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3609 Butternut