1204 Sycamore Drive

Loveland, Colorado

$340,000| 3 Bed, 2 Bath | 1,660 Total SF | 1,257 Finished SF
5.6% Cap Rate, 6.2% Cash-on-Cash, 12.0% Total Return

Home Brochure

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Home Highlights

LC Real Estate Group is pleased to present the opportunity to purchase 1204 Sycamore Drive in the Silver Lake Heights subdivision in Loveland, Colorado.

This +/- 1,660 SF rental home with two (2) car garage was built in 1971 and offers an excellent investment opportunity to acquire a well-located home on an oversized 0.3 acre (13,078 SF) lot and no homeowners association. The home has 1,257 finished sq. ft. including three (3) bedrooms and two (2) full bathrooms, a living room, a family room, and a 403 SF unfinished basement. To the right of the garage on the west side of the home is an area large enough for a recreational vehicle or other larger vehicle to be parked on the rear/side of the home. The large backyard is suitable for a large detached garage subject to permitting approval. The home has a central Loveland location near lots of amenities and is minutes from Downtown Loveland and a ten minute drive to Centerra and 2534 shopping and entertainment. 

Great opportunity to create value for the home by adding an additional rentable bedroom in the basement and modifying the existing window well to a conforming egress window. Current maximum allowable rent per the Loveland Housing Authority for a four bedroom home is $2,339 as a gross lease including utilities as of January 1, 2021.   

  • Large 0.30 acre lot offers ample space for parking on the side/rear of home
  • New roof in 2019
  • Vaulted ceiling in living/dining room
  • Full 403 SF unfinished basement
  • Low maintenance front yard landscaping
  • Fully fenced rear yard with wood fenced dog run, and mature trees
  • Home is part of the Thompson R2-j School District and is served by Monroe Elementary, Conrad Ball Middle School, and Mountain View High School with many other additional great options nearby
  • Nearby grocery options include Sprouts at E US Hwy 34 & US Highway 287, Super Walmart at E US Hwy 34 & Denver Ave, and more
  • Minutes from recreation including McKee Park, Silver Lake, and Silver Lake Park, Downtown Loveland restaurants, shopping, and breweries, Loveland Museum/Gallery, Loveland  Lake Loveland Swim Beach, Chilson Rec Center, Loveland Library, Barnes Softball Complex & Batting Cages,  the Olde Course 18 hole golf course, and more.  
  • Nearby medical facilities include McKee Medical Center and Medical Center of the Rockies at Centerra
  • Short drive to Centerra and 2534 restaurants and shopping 
  • Property being sold “As-Is” by seller

Exclusively Marketed For Sale By:

Wayne Lewis

Wayne Lewis

Senior Partner
Senior Broker Associate

(970) 440-3250