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Longmont,CO 80501
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Jones
MLS Listing ID IR1021650
Style Contemporary
HOA Y/N No
Originating Board recolorado
Year Built 1956
Annual Tax Amount $3,865
Tax Year 2023
Lot Size 0.720 Acres
Acres 0.72
Property Description
Welcome to this rare Boulder County Triplex / Multifamily Investment Property. This property is a fully leased/stabilized turnkey asset. Each unit includes two bedrooms, one bath, washer/dryer hookups, and an external storage locker. 2 of the 3 have their own fenced backyards and with a little investment the third could as well. All units are individually metered for utilities (except water). Currently water is an owner/landlord paid line item. Owners have been diligent with their investment. In the last 5 years, they have spent an estimated $50-60k in repairs / upgrades, secured the necessary rental licensing, and have kept up on rental increases/rates (Rent numbers are actual and not projections.) and have enjoyed virtually zero vacancies during their ownership. This property is ideally situated in Longmont close to downtown and to all your daily conveniences (Multiple bus routes, King Soopers, Whole Foods, Home Depot, Target, Left Hand Brewery, St. Vrain Greenway, etc.). The adjacent vacant parcel, 0 3rd Avenue, is also for sale. See MLS #1021657 for more info. Combine these two to add an additional unit and/or detached garages.
Location
State CO
County Boulder
Zoning RES
Rooms
Basement None
Interior
Heating Forced Air
Cooling Air Conditioning-Room,Ceiling Fan(s)
Fireplaces Number 1
Equipment Satellite Dish
Fireplace Y
Appliance Dishwasher,Disposal,Dryer,Microwave,Oven,Refrigerator,Washer
Laundry In Unit
Exterior
Fence Fenced,Partial
Utilities Available Cable Available,Electricity Available,Internet Access (Wired),Natural Gas Available
Roof Type Composition
Total Parking Spaces 6
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Central
Middle Schools Westview
High Schools Longmont
School District St. Vrain Valley Re-1J
Others
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,VA Loan