920 N Douglas Ave, Loveland, CO, 80537

Seize the opportunity to invest in a prime real estate asset with this 4-unit apartment complex located in the vibrant heart of Loveland. This property features three 2-bed/1-bath units and one 1-bed/1-bath unit, each offering a strong rental history. Extensive improvements throughout the property include fresh paint, upgraded flooring, and modern kitchen appliances, ensuring minimal upkeep and long-term value. Additional storage is available for each unit in the newly rebuilt sheds. The shared on-site coin-operated laundry room and a private, off-street parking lot are added conveniences. Located just 2 miles from the bustling downtown area, tenants will love the convenience of nearby fine dining, breweries, boutique shopping, lively nightlife, and year-round events. A short stroll brings you to the serene Lake Loveland, a perfect draw for tenants seeking relaxation and outdoor recreation. All four units are currently rented until July 2025. Two of the 4 units have renewed 25-26 leases at higher rates. Each unit has its own electric meter, and the tenants pay for their electricity. The other utilities are on single meters. Currently, the landlord pays the other utilities, and the tenants reimburse them for a portion of the expenses. Both water heaters were replaced in 2023. The roof was replaced in 2018 and was verified to be in excellent condition in 2024. The operating expenses are based on the current property management company.