1009 N. Taft Ave.

Loveland, Colorado

$275,000| VACANT | 5 Bed, 2 Bath | 1,899 Finished Sq. Ft.
Proforma 6.3% Cap Rate, 9.2% Cash-on-Cash, 15.0% Total Return

Home Brochure

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Home Highlights

LC Real Estate Group is pleased to present the opportunity to purchase 1009 North Taft Avenue in the Hill Top subdivision in Loveland, Colorado.

This +/- 2,030 SF home was built in 1960 and offers an excellent investment opportunity and an opportunity  to build equity through home updates. The home offers a large lot with rear alley access and is a great value to find five bedrooms (2 conforming and 3 non-conforming) below $300,000 with a basement).  The home has 1,015 finished SF on the main floor plus a 265 sq. ft. garage that can be converted to additional living space and a sun room. The basement features 1,015 sq. ft. of which approximately 884 sq. ft. is finished with three non-conforming bedrooms, a laundry room, and unfinished storage space. The home has a central Loveland location near lots of amenities and is minutes from Downtown Loveland. 

  • Ranch floor plan with full basement
  • Full 1,015 SF basement with 884 finished SF offers additional living space and three (3) non-conforming bedrooms
  • Fully fenced rear yard with mature trees and existing sprinkler system
  • Large 0.19 acre lot offers ample space for parking in the rear of home off of alley
  • Fireplace
  • Hardwood flooring on living room, dining room, and bedrooms.
  • Sunroom
  • Home has a garage/driveway easement restriction from Taft Avenue  creating opportunity to convert garage into additional living space
  • Broker proforma 6.3% cap rate, 9.2% cash on cash return, and 15.0% total return
  • Home is part of the Thompson R2-j School District and is served by  Garfield Elementary, Conrad Ball Middle School, and Loveland High School with many other additional great options nearby
  • Nearby grocery options include King Soopers at Thompson Valley Towne Centerr at N Taft Ave & US Highway 402, Safeway at N Taft Ave and W Eisenhower Blvd, Sprouts at N Lincoln Ave & E Eisenhower Blvd.
  • Minutes from recreation including Downtown Loveland restaurants, shopping, and breweries, Loveland Museum/Gallery, Loveland  Lake Loveland Swim Beach, Chilson Rec Center, Loveland Library, Barnes Softball Complex & Batting Cages,  River’s Edge Natural Area, Centennial Park, and The Olde Course 18 hole golf course.  
  • Five minute drive to Downtown Loveland restaurants and shopping  

Exclusively Marketed For Sale By:

Rollin Goering

Rollin Goering

Senior Partner
Res. Managing Broker

(970) 402-6432
Wayne Lewis

Wayne Lewis

Senior Partner
Broker Associate

(970) 402-6432