Rare opportunity to own a consistent income producing property in thriving downtown Loveland. The property consists of 13 individually leased rooms with common living room, kitchen and bathrooms.This investment fills an underserved need for affordable housing andvacancy has been near 0% for over a decade. Recent updating includes 10 of the 13 rooms, the kitchen and two bathrooms. New owner will have upside potential by updating remaining rooms and raising rents. The most recent room rented for $565/mth. which is substantially higher than most of the current rents, with some rooms currently rented as low as $400/mth.The recent and proposed downtown developments, such as a Natural Grocers and a condo development next door, will continue to increase the value of this investment for years to come.
Listing Agent: Lawrence Melton Listing Source: IRES - Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. Copyright IRES. 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. Updated: 7th October, 2022 2:37 PM (UTC)