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1316 Holly Ave

Longmont, CO 80501
  • $800,000
  • STATUS: Active Under Contract
  • ON SITE: 52 Days
  • MLS #: 961779
Under Contract
UPDATED: 19 min ago
$800,000
  • 4
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,204
    SQFT
  • $250
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1977
County:

School Information

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

Description

Great Investment Opportunity! Well maintained tri-plex in South Longmont with one garage, two carports, and additional storage on property. Units have some updates but there is still opportunity to enhance. All three units are currently leased. Most recent unit leased for $1750/mo. Other leases are below market but tenants have lived at the property for 14+ yrs. Property is near Parks, Longmont Rec Center and has easy access to both Diagonal Hwy or Hwy 287. Request brochure for more detailed financial analysis.

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© 2022 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 The Nixon Team | RE/MAX Alliance. Data last updated: 2022-05-22T12:40:21.897.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.thenixonteam.com/homes/127219826
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1316 Holly Ave Longmont, CO 80501

  • Price: $800,000
  • Status: Active Under Contract
  • On Site: 52 Days
  • Updated: 19 min ago
  • MLS #: 961779
4
Beds
0
Baths
0
½ Baths
0.24
Acres
3,204
SQFT
$250
$/SQFT
1977
Built
Neighborhood:
Melody Valley 2 - Lg
County:
Boulder
Area:
04 Longmont City Limits
Elementary School:
Indian Peaks
Middle School:
Sunset Middle
High School:
Niwot
School District:
ST Vrain Dist RE 1J
Property Description
Great Investment Opportunity! Well maintained tri-plex in South Longmont with one garage, two carports, and additional storage on property. Units have some updates but there is still opportunity to enhance. All three units are currently leased. Most recent unit leased for $1750/mo. Other leases are below market but tenants have lived at the property for 14+ yrs. Property is near Parks, Longmont Rec Center and has easy access to both Diagonal Hwy or Hwy 287. Request brochure for more detailed financial analysis.
Exterior Features

Construction Materials Wood/Frame Horse YN No Levels Bi-Level Other Parking Parking Per Unit(1 Space/Unit) Property Attached YN No Roof Composition Spa YN No Waterfront YN No

Interior Features

Basement None Fireplace Features 2+ Fireplaces Fireplace YN Yes Heating Baseboard Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 1044 Unit1 Total Baths 2 Unit2 Bedrooms 2 Unit2 Est Sq Ft 1015 Unit2 Total Baths 2

Property Features

Association YN No Cap Rate 4.21 Ditches Active YN No Exclusions Seller's Personal PropertyTenants' Personal Property. Gas Natural GasXcel Gross Income 41613 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status Backup Listing Terms CashConventional Locale Longmont Net Operating Income 33690.38 New Construction YN No Operating Expense 7922.62 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Commercial Special Listing Conditions Private Owner Tax Annual Amount 3420.62 Tax Year 2021 Tenant Pays Electricity Utilities Natural Gas Available Water Source City WaterCity Zoning R-Mn

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of James Thomas of Re/Max Alliance-Boulder: 303-442-3180.



© 2022 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 The Nixon Team | RE/MAX Alliance. Data last updated: 2022-05-22T12:40:21.897.

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