3609 Butternut Dr, Loveland, CO 80538
Sunset Acres · Larimer County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1971
Lot Size
0.31 acres
Parking Spaces
8
Zoning
R3E
Days on Market
32
MLS® Listing#
1062281
Property Features
Appliances
Cooling
Heating
Basement
Laundry
Patio
Fencing
Lot Features
Construction
Roof
Windows
Security
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Lincoln
- Middle:
- Erwin, Lucile
- High:
- Loveland
Financial Details
HOA
None
Annual Taxes
$4,875
Tax year 2025
Parcel Number
R0348821
Directions
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.
Affordability Calculator
$152,000
Estimated monthly payment
$4,045/mo
Principal $608,000 · Est. interest $848,214 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Loveland, CO
- $565,823
- Median Listing Price
- 49
- Median Days on Market
- 1,960
- Median Sq Ft
- $295
- Median Price / Sq Ft
- 913
- Active Listings
- This home’s price is 34% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Loveland, CO.
Location
Points of Interest in Loveland, CO
Showing the Loveland area map.
Nearby Schools
Lincoln Elementary School
Elementary · 0.3 mi away
Loveland High School
Secondary · 0.7 mi away
Stansberry Elementary School
Elementary · 0.8 mi away
Childrens Workshop
School · 0.9 mi away
Centennial Elementary School
Elementary · 0.9 mi away
Mother Earth Academy
School · 0.9 mi away
Immanuel Lutheran School
Secondary · 1.0 mi away
Thompson School District R2-J Support Services Center
School · 1.0 mi away
Edmondson Early Childhood-East
School · 1.0 mi away
Laurene Edmondson Elementary School
Elementary · 1.0 mi away
Conrad Ball Middle School
Secondary · 1.1 mi away
Loveland Paddington Preschool
School · 1.2 mi away
Thompson Valley Preschool
School · 1.6 mi away
Van Buren Elementary School
Elementary · 1.7 mi away
Lucile Erwin Middle School
Secondary · 1.7 mi away
Loveland Classical School
School · 1.8 mi away
Harold Ferguson High School
Secondary · 1.9 mi away
St John the Evangelist
School · 1.9 mi away
Garfield Elementary School
Elementary · 2.1 mi away
Community Preschool Inc
School · 2.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4248 Trapper Lake Drive, Loveland, CO | $533,587 | 3 | 3 | 1,586 |
| 3798 Keplinger Lake Dr, Loveland, CO | $535,000 | 3 | 2 | 1,563 |
| 1281 E 21st Ct, Loveland, CO | $535,000 | 4 | 2 | 2,036 |
| 1281 E 21st Court, Loveland, CO | $535,000 | 4 | 2 | 2,036 |
| 3798 Keplinger Lake Drive, Loveland, CO | $535,000 | 3 | 2 | 1,563 |
| 5801 Mangrove Ct, Loveland, CO | $538,000 | 4 | 3 | 2,356 |
