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1449 E 1st St, Loveland, CO 80537

$515,000
8
BD
4
BA
3,840
SqFt
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Sold Price
$515,000
List Price
$640,000
Status
CLOSED
MLS#
6352166
Closing Date
May 15, 2026
Year Built
1971
Bedrooms
8
Bathrooms
4
Living Area
3,840
Region
Loveland/Berthoud
Subdivision
Loveland
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Property Description

Opportunity Knocks for investors seeking a true value-add quadplex in an established Loveland location near daily conveniences and commuter routes. The property offers a clear step-by-step upside plan: lower operating expenses by evaluating a transition from the current shared boiler/hot-water baseboard setup to unit-specific electric heat (and A/C where feasible) so tenants can pay their own heating costs (subject to feasibility, permits, and electrical capacity). Next, unlock additional revenue by adding garage doors to the existing shed/garage structure and charging for garage/storage use. Finally, increase returns by bringing rents to market. All tenants are month-to-month. Tenants pay electric; owner currently pays gas, water, and trash (verify). Buyer to verify unit mix, rent roll, expenses, square footage, and all information deemed material.

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Additional Information

Taxes
$3,143
School District
Thompson R2-J
Elementary School
Winona
Middle School
Bill Reed
High School
Mountain View
Heating
Hot Water, Baseboard
Utilities
Master Metered, Separate Meters
Garage Spaces
8
Zoning
R3E
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Listing courtesy of Luis Hernandez.

720-445-5847

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