938 Kelly, Longmont, CO 80501
938 Kelly, Longmont, CO 80501
938 Kelly, Longmont, CO 80501
938 Kelly, Longmont, CO 80501
938 Kelly, Longmont, CO 80501
938 Kelly, Longmont, CO 80501
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Christine Gwinnup

Christine Gwinnup

+1(303) 709-4262
$ 530,000
Est. payment | /mo

2,080 SqFt

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$ 530,000
Est. payment | /mo
Save Virtual Tour

2,080 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,080 sqft

Subdivision Horizon Pkwy

MLS Listing ID IRE1058785

Style Legal Conforming

HOA Y/N No

Year Built 1977

Annual Tax Amount $3,607

Tax Year 2025

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Multi Family

Source ires

Property Description

Some investment listings make you do the math. This one makes the math obvious. Two units, two garages, two private backyards (with sprinklers!), and 21 years of rental history with a combined 11 weeks of vacancy - read that again. Projected rents land between $3,600 and $3,700 a month combined, putting this at a 6.7% cap rate at list. For investors, that's already worth a call. For house-hackers, it's better: live in one side, let the other side's $1,850 cover most of your mortgage, and build equity on someone else's rent check. Both tenants vacate by August 1 - the new owner walks into a clean slate to re-lease at market, move in, or both. The 938 side has newer floors, windows, a Nest thermostat, AC, and a new water heater. The 940 side has new can lights, switches, and a 2020 water heater. A rare find with versatility, value, and strong upside in a desirable location!

Location

State CO

County Boulder

Community Horizon Pkwy

Area Longmont

Zoning RES

Direction Main St & Hwy 66. Head west onto Hwy 66, Turn left onto Pratt St, Turn left onto Kelly Pl. The property will be on the left.

Rooms

Basement None

Interior

Interior Features Eat-in Kitchen, Washer/Dryer Hookup, High Ceilings

Heating Forced Air

Cooling Central Air, Ceiling Fan(s)

Fireplaces Type None

Appliance Electric Range, Dishwasher, Disposal, Fire Alarm

Exterior

Parking Features Garage Door Opener

Fence Partial

Utilities Available Natural Gas Available, Electricity Available, Cable Available, High Speed Avail, Underground Utilities

View Y/N No

Roof Type Composition

Improvements No

Porch Patio

Garage No

Building

Lot Description Level, House Faces South, Paved

Water City

Architectural Style Legal Conforming

Level or Stories One

Structure Type Brick

New Construction false

Schools

Elementary Schools Northridge

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

Virtual Tour https://www.listingsmagic.com/282600

Information and Real Estate Services (IRES)
Listed by Katie Muller
Schools and Properties Nearby
Christine Gwinnup

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

+1(303) 709-4262

christine@theboldcollectivehomes.com

Loveland, Colorado

Learn More About LPT Realty

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938 Kelly