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Christine Gwinnup

christine@theboldcollectivehomes.com +1(303) 709-4262

$ 650,000

Est. payment | -/mo

2,389 SqFt

Save

$ 650,000

Est. payment | -/mo

Save

2,389 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,389 sqft

Subdivision Longmont Land Co 1

MLS Listing ID IRE1052977

Style Contemporary

HOA Y/N No

Year Built 1962

Annual Tax Amount $3,553

Tax Year 2025

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Multi Family

Source ires

Property Description

Rare opportunity to own a proven-performing, high-demand duplex with loyal tenants, strong rental history, and immediate income upside - perfect for hands-off investors seeking reliable cash flow AT OVER A 6-CAP!! Both units are leased to long-term tenants: one on Section 8 ($2,000/mo, through Dec 2026), the other at $2,150/mo (through Nov 2026). The detached four-car garage adds additional value and even more income upside. Only one single-bay is included with 1436. A separate tenant rents the double-bay rented separately for $250/mo. The final single bay is currently used by the sellers but will be delivered vacant at closing for instant income potential or additional tenant perks. Both tenants want to renew at the end of their current leases, have a strong track record of on-time payments, and take excellent care of their units. Vacancy has been virtually nonexistent for years, and when past tenants have vacated, the Sellers have always found new tenants quickly, underscoring the property's appeal and strong local demand. Interiors are dated, presenting a straightforward value-add opportunity: cosmetic updates can boost rents and long-term returns. Key systems and appliances are believed older but functional, with no major issues reported. Stable income, low vacancy risk, and clear upside make this an ideal portfolio addition. **The Punchline: Turnkey income, loyal tenants, and untapped upside-all in one package at a Cap Rate of over 6.25!! Reach out today for rent roll and financials. Showings available 11AM-3PM Sunday 03/15, but don't wait. The Seller reserves the right to accept an offer at any time. The numbers speak for themselves!

Location

State CO

County Boulder

Community Longmont Land Co 1

Area Longmont

Zoning R3

Rooms

Basement Crawl Space

Interior

Interior Features Eat-in Kitchen, Separate Dining Room, Washer/Dryer Hookup

Heating Forced Air

Cooling Central Air

Flooring Wood

Appliance Electric Range, Double Oven, Refrigerator, Washer, Dryer

Exterior

Exterior Feature Sprinkler System

Fence Chain Link

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Separate Meter Electricity

View Y/N No

Roof Type Composition

Improvements No

Garage No

Building

Lot Description Level, House Faces South, Paved, Curbs, Gutters, Sidewalks, Street Light

Sewer Public Sewer

Water City

Architectural Style Contemporary

Level or Stories One

Structure Type Brick

New Construction false

Schools

Elementary Schools Mountain View

Middle Schools Longs Peak

High Schools St Vrain Dist Re 1J

School District St Vrain Dist Re 1J

Others

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Stuart Galvis

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(303) 709-4262

christine@theboldcollectivehomes.com

Loveland, Colorado

1434 12th Longmont, CO 80501

Christine Gwinnup

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1434 12th