535-555 Adams Avenue

Loveland, CO 80537
Square Ft.
10,568
$775,000
Absolutely unique investment opportunity in prime downtown Loveland location! This converted church and attached townhome units have endless potential as a residence, multi-family income property, short-term rental, or event venue. This property has so much potential, but needs significant work to realize it. ANY SERIOUS OFFER WILL BE CONSIDERED. InspectionRead MoreRead Less
Market LogoCourtesy of C3 Property Management [email protected]
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Square Ft.
10,568
Lot Size
0.16 Acres
Year Built
1910
MLS Number
IR1045907
30 Days Snapshot Of 80537
$604k
-7%
(avg) sold price
48
-12%
homes sold
68
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Public", Road Surface Type: "Alley Paved", "Paved"
Appliances & Equipment
"Dishwasher", "Disposal", "Dryer", "Oven", "Refrigerator", "Washer"
Basement
Basement, "Full", "Unfinished", Bedrooms: 0
Building
Construction Materials: "Block", "Brick", "Concrete", "Frame", "Wood Siding", Direction Faces: East, Levels: "Two", "Three Or More", Occupant Type: Owner, Total Area: 10568, Unit Count: 4, Unit Types: "Array", "Array", "Array", "Array", Built in 1910, 4 total units
Disclosures
Exclusions: Furniture items in 555, tenant's personal possession in 535., Water Rights Excluded, Irrigation Well Excluded, Mineral Rights Excluded
Expenses
Operating Expense: $10,645
Exterior Features
Patio And Porch Features: "Patio"
Fence
Fencing: "Partial"
Heating
Heating: "Forced Air"
Income
Gross Income: $8,085, Income Includes: "Rent Only", Net Operating Income: $83,464, Projected Gross Operating Income: $94,109
Interior Features
Features: "Open Floorplan", "Vaulted Ceiling(s)"
Laundry
Features: "In Unit"
Lot
Acres: 0.16, Features: "Level", Parcel Number: R1636716, Square Feet: 6970
Owner Pays
Ownership: Individual
Property
Possible Use: "Multi-Family", Property Condition: "Fixer", Property Sub Type: Quadruplex, Vegetation: "Wooded", Zoning: R3E
Roof
Roof: "Metal"
Security Features
Features: "Fire Alarm", "Fire Sprinkler System", "Smoke Detector(s)"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 3145, Legal Description: PARCEL A: LOT 1, BLOCK 1, AMENDED PLAT OF LOTS 1 AND 2, BLOCK 43 FINLEY'S ADDITION, COUNTY OF LARIMER, STATE OF COLORADO. TOGETHER WITH: PARCEL B: THOSE EASEMENT RIGHTS IN LOTS 23 AND 24, BLOCK 43, FINLEY'S ADDITION AS CREATED BY EASEMENT AGREEMENT RECORDED OCTOBER 10, 1996 AT RECEPTION NO. 96073842 COUNTY OF LARIMER, STATE OF COLORADO, Tax Year: 2024
Tenant Pays
Tenant Pays: "Electricity", "Gas"
Utilities
Utilities: "Cable Available", "Electricity Available", "Internet Access (Wired)", "Natural Gas Available", Water Source: "Public"
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Sarah Manshel
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.