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$ 765,000
Est. payment /mo
New
3681 Butternut DR Loveland, CO 80538
8 Beds
4 Baths
3,594 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,594 sqft
Price per Sqft $212
Subdivision 22742 - Ridgewood
MLS Listing ID 5369991
Bedrooms 8
HOA Y/N No
Year Built 1979
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Quadruplex
Property Description
Marcus & Millichap is pleased to present 3681 Butternut Drive, a well-located four-unit multifamily property in the heart of Loveland, Colorado. Situated just minutes from Downtown Loveland, residents enjoy convenient access to a wide array of retail, dining, and entertainment options, including The Promenade Shops at Centerra, The Marketplace at Centerra, and numerous local restaurants and services. The property also benefits from proximity to major employers such as UCHealth Medical Center of the Rockies, McKee Medical Center, Hach, Woodward, and Banner Health, while offering easy access to Highway 34 and Interstate 25. Outdoor recreation is abundant, with nearby Benson Sculpture Garden, Mehaffey Park, Boyd Lake State Park, Devil's Backbone Open Space, and the extensive Loveland Recreation Trail system providing year-round amenities that continue to attract and retain residents.
The asset features an increasingly scarce unit mix comprised entirely of spacious two-bedroom residences, offering floorplans that appeal to a broad tenant base including young professionals, roommates, small families, and long-term renters seeking more living space. Offered at pricing below recent comparable sales, 3681 Butternut Drive presents investors with an attractive basis in one of Northern Colorado's strongest rental markets. In addition, the property offers meaningful operational upside through continued rental growth, allowing new ownership to capitalize on below-market rents while benefiting from Loveland's strong population
growth, expanding employment base, and long-term housing demand
The asset features an increasingly scarce unit mix comprised entirely of spacious two-bedroom residences, offering floorplans that appeal to a broad tenant base including young professionals, roommates, small families, and long-term renters seeking more living space. Offered at pricing below recent comparable sales, 3681 Butternut Drive presents investors with an attractive basis in one of Northern Colorado's strongest rental markets. In addition, the property offers meaningful operational upside through continued rental growth, allowing new ownership to capitalize on below-market rents while benefiting from Loveland's strong population
growth, expanding employment base, and long-term housing demand
Location
State CO
County Larimer
Zoning R3
Interior
Heating Baseboard
Cooling None
Exterior
Roof Type Composition
Private Pool No
Building
Lot Description Level
Story Bi-Level
Sewer Public Sewer
Schools
School District Elementary: Thompson R2-J, Middle/Junior: Thompson R2-J, High: Thompson R2-J
Others
Senior Community No
Tax ID R0759279
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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