$625,000
6 Bedrooms ,
3 Bathrooms
Property Description
Wonderful Old Town Longmont location, walkable to all the dining, entertainment and amenities Old Town has to offer. Great Opportunity for an excellent cap rate property, many updates done, needs additional updating. Many improvements over the past 8 years: 5 basement egress windows, new roof & electrical entrance '19, new furnaces '16, 410 unit fully updated '16. Great starter investment or addition to existing portfolio, plenty of sweat equity available here. Images show only the updated unit, other 2 units show their age but are well kept by tenants. Rents Clarification: Current Actual Annual Gross Rents: $38,340; Pro-Forma Annual Gross Rents when Fully Updated: $54,000; Current Pro-Forma Annual Gross Rents: $45,600. Please do not visit, walk, enter the property or disturb current tenants (drive by only is fine). Serious buyers only please.General Features
| MLS: 985755 | Status: Sold |
| Listing Office: JPAR Modern Real Estate Co | Listing Office Phone: 303-433-3158 |
| Style: One | Construction: Wood/Frame |
| Bedrooms: 6 | Baths: 3 |
| Heating: Forced Air | Total SqFt: 3,360ft² |
| Acreage: 0.21 acres | Lot Size: 9,283ft² |
School Information
| District: ST Vrain Dist RE 1J |
| Elementary: Columbine |
| Middle: Trail Ridge |
| High: Skyline |
Taxes & Fees
| Tax Amount: $2,777 |
| Tax Year: 2022 |
Additional Information
| Outdoor Features: , , , , Zero Lot Line |
| Road Access: City Street |
| New Financing: Cash,Conventional,1031 Exchange |
| Construction: Wood/Frame |
| Energy Features: , |
| Utilities: Natural Gas Available,Electricity Available |