$795,000
$795,000
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6 Beds
6 Baths
6,969 Sqft Lot
SOLD DATE : 07/31/2021
Key Details
Sold Price $795,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Subdivision Stoney Ridge
MLS Listing ID 944768
Sold Date 07/31/21
Bedrooms 6
HOA Y/N false
Originating Board IRES MLS
Year Built 1979
Annual Tax Amount $2,376
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Exceptional Duplex Investment with Best Cap Rate in Longmont and Boulder County. Full renovation and expansion in 2020 with two new master suites. Both sides have Section 8 families signed through 2022 that would like to stay 5+ years. New furnace, roof, windows, stainless steel appliances, cabinets, granite counters, washer dryer, insulation, whole house fans, vaulted ceilings, exposed beams, skylights, irrigation system . Families have been cleared through the Boulder County Housing Authority and by Landlord. Rents are 90%+ paid by BCHA through a direct deposit. Investor Considerations: Collections? Check, with guaranteed monthly direct deposit. Turnover/Vacancy? Tenants would like to stay 5+ years. Maintenance? Tenants cover it and all systems are new so minimal replacement reserves. Appreciation? Area has seen significant recent investment and CoL has $4M grant for quiet train crossing on 17th. Hold for five years, get cash flow and appreciation, and then sell at a 5 cap?
Location
State CO
County Boulder
Community Sauna
Area Longmont
Zoning Duplex
Direction East on 17th from North Main 1/2 mile. Left on Shavano and then immediate left on Antero. Duplex is third on the right.
Rooms
Basement Crawl Space
Interior
Interior Features Separate Dining Room
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplaces Type None
Fireplace false
Appliance All Appliances
Exterior
Exterior Feature Lighting
Fence Fenced
Community Features Sauna
Utilities Available Natural Gas Available, Electricity Available
View City
Roof Type Composition
Street Surface Paved,Asphalt
Handicap Access Level Lot
Building
Lot Description Zero Lot Line, Curbs, Gutters, Sidewalks, Lawn Sprinkler System
Story 2
Water City Water, City of Longmont
Level or Stories Two
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction true
Schools
Elementary Schools Alpine, Alpine
Middle Schools Timberline
High Schools Skyline
School District St Vrain Dist Re 1J
Others
Senior Community false
Tax ID R0073999
SqFt Source Plans
Special Listing Condition Licensed Owner
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