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Loveland, CO 80538 3542 Butternut Dr

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  • MLS# 1049230
  • 01/08/2026
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 8
  • SQFT • 3,748

Home Details

Fully rebuilt, head-to-toe 4-plex investment opportunity featuring four 2-bed / 1.5-bath units with documented, in-place income - not projections. Ideal for adding to an existing portfolio or for investors seeking strong cash flow with minimal capital expenses anticipated for the next 5+ years. Each unit offers a functional two-story layout with a half bath on the main level, two bedrooms and a full bath upstairs, a private patio off the kitchen, and individual washer/dryer hookups. Unit C is available for showings with notice to tenants. Major improvements include a new roof and gutters (September 2021). All current leases and financials are available for review. Conveniently located with easy access to Fort Collins and throughout Northern Colorado, and close to shopping, dining, and everyday amenities. This is a turn-key, low-maintenance asset with real numbers and immediate income. Don't miss it.
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Interior Features for 3542 Butternut Dr

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths8

Other Interior Features

LivingAreaSourceAssessor
BasementNone, Crawl Space

General for 3542 Butternut Dr

AppliancesElectric Range, Dishwasher, Refrigerator, Washer, Dryer
Assoc Fee Paid PerMonthly
Association NameTriangle Plan
AttributionContact7203739297
Cap Rate5.44
CityLoveland
Construction MaterialsFrame, Brick, Wood Siding
CountyLarimer
DirectionsFrom 287 and 37th, head west on 37th, turn left on Sheridan Ave, turn left on Butternut, 4-plex is just around the curve on the left.
DisclosuresSeller's Property Disclosure
ElectricCity of Loveland
Elementary SchoolLincoln
Expected Active Date 2026-01-08
Gross Income71136
HOAYes
HOA Fee$60
HeatingBaseboard
High SchoolLoveland
High School DistrictThompson R2-J
Lease Amount FrequencyYear Lease
LevelsTwo
MLS AreaLoveland/Berthoud
Middle/Junior High SchoolErwin, Lucile
Net Operating Income56346
New ConstructionNo
Number Of Units Total4
Operating Expense14790
Possible UseMulti-Family
Property SubtypeMulti Family
Property TypeResidential Income
RoofComposition
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision Name219862 - SUNSET ACRES
Tax Annual Amount3600
Tax Year2024
Tenant PaysDeposit, Gas, Electricity, Water, Sewer
UtilitiesElectricity Available
ViewCity
Year Built1978
ZoningR3E

Exterior for 3542 Butternut Dr

Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac, Evergreen Trees, Deciduous Trees, Level, Paved, Curbs, Gutters
Lot Size Acres0.21
Lot Size Area9087
Road Frontage TypeCity Street
Road Surface TypeAsphalt
Water SourceCity
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Lucile Middle School
Elementary School Lincoln Elementary School
High School Loveland High School

Nathan Washam

Broker/Owner
Price $1,034,000
MLS#1049230
List Date 01/08/2026
Property Type Income
Phone 970.988.8295
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