$615,000
$625,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
3,360 SqFt
SOLD DATE : 05/22/2023
Key Details
Sold Price $615,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $183
Subdivision Longmont Ot
MLS Listing ID IR985755
Sold Date 05/22/23
HOA Y/N No
Year Built 1958
Annual Tax Amount $2,777
Tax Year 2022
Lot Size 9,283 Sqft
Acres 0.21
Property Sub-Type Triplex
Source recolorado
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.
Location
State CO
County Boulder
Zoning R-SF
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace N
Exterior
Fence Partial
Utilities Available Electricity Available, Internet Access (Wired), Natural Gas Available
Roof Type Composition
Total Parking Spaces 2
Building
Lot Description Flood Zone
Water Public
Level or Stories One
Structure Type Wood Frame
Schools
Elementary Schools Columbine
Middle Schools Trail Ridge
High Schools Skyline
School District St. Vrain Valley Re-1J
Others
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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