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Bev West, Broker/Owner

West Realty/Metro Brokers
Greeley, CO 80634
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Listing 10 out of 44
Sold for $883,000 Sold

1501 E 16th St
Loveland, CO 80538

6 units | Multi Family Home
11326 sq ft lot - MLS# 876002
Property Photo


Sold for $883,000 on Aug 16, 2019


Rare 6-plex Opportunity! Conveniently located near Hwy 34 & McKee Medical center, offers easy access to I-25 & shopping. This property boasts strong rental history & low vacancy, making it the perfect investment opportunity. Rental income & expense info are actual figures. Potential rents are higher. New "Smart-Tech" 95% efficient boiler installed Oct '18, parking paved '15, ext paint '14, roof '11, sewer line '02. Units & bldg have been well maintained. Minimum 24 hour notice for showings.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $920,000
  • County/Area: Larimer County
  • Zip Code: 80538
  • Year Built: 1970
  • Subdivision/Neighborhood: Mc Kee Meadows First, Lov
  • School District: Thompson R2-J
  • Elementary School: Monroe
  • Middle School: Ball (Conrad)
  • High School: Mountain View
  • Stories: 1 Story/Ranch, Bi-Level
  • Units: 6 units
  • Lot Size: 11326 sq ft lot
  • Zoning: R3E
  • Cap Rate: 6.66
  • Common Amenities: Common Laundry
  • Construction: Wood/Frame, Brick/Brick Veneer
  • Cooling: Room Air Conditioner
  • Design Features: Outside Entry
  • Energy Features: Southern Exposure, High Efficiency Furnace
  • Gross Operating Income: 73860.0000
  • Heating: Hot Water, Baseboard Heat
  • Inclusions: Window Coverings, Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, All Appliances
  • Locale: Loveland
  • Lot SqFt: 11400
  • Net Operating Income: 61242.0000
  • New Construction Status Code: Not New, Previously Owned
  • Outdoor Features: Lawn Sprinkler System
  • Parking Per Unit: 1 Space/Unit
  • Tenant Pays: Deposit, Electric, Trash
  • Total Operating Epense: 12618.0000
  • Total Square Feet: 4500
  • Unit 1 Bedrooms: 2
  • Unit 2 Bedrooms: 2
  • Unit 3 Bedrooms: 1
  • Utilities: Natural Gas, Electric
  • Sold Date: 2019-08-16
  • Sold Price: 883000
Courtesy of RE/MAX Alliance-FTC South
Bev West, Broker/Owner
3835 W. 10th St. #200C
Greeley, CO 80634
Phone: 970-631-7111

See What My Clients Have To Say...

Selling our home was emotional and stressful. Bev made the entire process much easier! Her marketing expertise was amazing! We thoroughly appreciated her communication -- she touched base with us almost daily. She helped stage our home, created terrific marketing videos, flyers, website, and more. We could not have asked for a more professional realtor. Thanks, Bev! Jaydine R.
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CNHS - Certified New Home SpecialistEqual Housing OpportunityGRI - Graduate, REALTOR® InstituteMLS membershipRCC - Residential Construction CertificationREALTOR® certificationWCR - Womans Council of RealtorsIdentity Theft Prevention Officer

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