938 Kelly Pl, Longmont, CO 80501
- $530,000
- List Price
- $530,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 1058785
- Year Built
- 1977
- Region
- Longmont
- Subdivision
- Horizon Pkwy
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!
/u.realgeeks.media/p23realty/header.png)
Additional Information
- Taxes
- $3,607
- School District
- ST Vrain Dist RE 1J
- Elementary School
- Northridge
- Middle School
- Longs Peak
- High School
- Longmont
- Heating
- Forced Air
- Cooling
- Central Air, Ceiling Fan(s)
- Utilities
- Natural Gas Available, Electricity Available, Cable Available, High Speed Internet Available, Underground Utilities
- Tenant Pays
- Electricity, Water
- Zoning
- RES
Mortgage Calculator
Listing courtesy of Katie Muller.
3038750221
The data relating to real estate for sale on this web site comes in part from Information and Real Estate Services, LLC under IRES Rules © Copyright IRES, and is provided for limited non-commercial use. Information is provided exclusively for consumers' personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are included in this site and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.Information deemed reliable but not guaranteed by the MLS
Listing data last updated: