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1423 Kay St

Longmont, CO 80501
  • $1,075,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 1015830
UPDATED: 43 min ago
$1,075,000
  • 8
    BEDS
  • 0.2
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 6,615
    SQFT
  • $163
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Incredible investment opportunity to build wealth with this rare townhouse-style 4-plex in Longmont with over 6600 total square feet. Each spacious unit features 2 bedrooms, 1.5 baths, a full basement with washer/dryer hookup, an attached carport, and a covered patio and west facing balcony, totaling 1654 sq ft. of comfortable living space with a brand-new roof in 2024 worth over 100K. This property offers a fantastic chance to start or grow your real estate portfolio with reliable rental income from long-term tenants on a month-to-month lease. Plus, take advantage of bonus depreciation to maximize your tax savings! Whether you're a first-time investor or a seasoned pro, this property is designed to deliver both immediate and long-term benefits to build wealth. Don't let this opportunity slip away! Contact us today to explore this exceptional investment and start on the path to financial growth. Please note, the property is being sold "as is, where is" with no warranties or representations.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2024-10-13T20:41:02.487.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1423 Kay St Longmont, CO 80501

  • Price: $1,075,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 43 min ago
  • MLS #: 1015830
8
Beds
8
Baths
0
½ Baths
0.2
Acres
6,615
SQFT
$163
$/SQFT
1971
Built
Neighborhood:
Stroh Heights 2-Lg
County:
Boulder
Area:
04 Longmont City Limits
Elementary School:
Mountain View
Middle School:
Longs Peak
High School:
Longmont
School District:
ST Vrain Dist RE 1J
Property Description
Incredible investment opportunity to build wealth with this rare townhouse-style 4-plex in Longmont with over 6600 total square feet. Each spacious unit features 2 bedrooms, 1.5 baths, a full basement with washer/dryer hookup, an attached carport, and a covered patio and west facing balcony, totaling 1654 sq ft. of comfortable living space with a brand-new roof in 2024 worth over 100K. This property offers a fantastic chance to start or grow your real estate portfolio with reliable rental income from long-term tenants on a month-to-month lease. Plus, take advantage of bonus depreciation to maximize your tax savings! Whether you're a first-time investor or a seasoned pro, this property is designed to deliver both immediate and long-term benefits to build wealth. Don't let this opportunity slip away! Contact us today to explore this exceptional investment and start on the path to financial growth. Please note, the property is being sold "as is, where is" with no warranties or representations.
Exterior Features

Construction Materials Wood/FrameBrick/Brick VeneerWood SidingPainted/Stained Direction Faces East Entry Location Outside Entry Exterior Features LightingBalcony Fencing FencedWood Horse YN No Levels Two Lot Features CurbsGuttersSidewalks Other Parking Parking Per Unit(2 Spaces/Unit) Parking Features Alley Access Patio And Porch Features Patio Road Frontage Type City Street Road Surface Type Paved Roof Rubber Spa YN No Waterfront YN No

Interior Features

Accessibility Features Near Bus Basement Full Cooling Room Air Conditioner Cooling YN Yes Heating Baseboard Heating YN Yes Interior Features High Speed InternetEat-in KitchenOutside Entry Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 1654 Unit1 Total Baths 2 Unit2 Bedrooms 2 Unit2 Est Sq Ft 1654 Unit2 Total Baths 2 Unit3 Bedrooms 2 Unit3 Est Sq Ft 1654 Unit3 Total Baths 2 Unit4 Bedrooms 2 Unit4 Est Sq Ft 1654 Unit4 Total Baths 2

Property Features

Association YN No Cap Rate 5.04 Ditches Active YN No Electric ElectricSeparate Meter ElectricityLONGMONT Exclusions Fridge and stove in unit 4stove in unit 3and all window units Gas Natural GasSeparate Meter GasExcel Energy Gross Income 72600 Has Improvements No Has Water Rights No Income Includes Lease/RentsDeposits Forfeited Listing Sub Status None Listing Terms CashConventionalFHAVA Loan Locale Longmont Net Operating Income 54207 New Construction YN No Operating Expense 18393 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Partnership Tax Annual Amount 5328 Tax Year 2023 Tenant Pays DepositGasElectricityTrash Collection Unit1 Rent 1500 Unit2 Rent 1500 Unit3 Rent 1550 Unit4 Rent 1500 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCITY OF LONGMONT Zoning R-MF

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Christina Tai of Christina Tai: 4134373928.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2024-10-13T20:41:02.487.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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