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.