1434 12th Avenue, Longmont, CO 80501
Local realty services provided by:ERA Teamwork Realty
1434 12th Avenue,Longmont, CO 80501
$650,000
- - Beds
- - Baths
- 2,389 sq. ft.
- Multi-family
- Active
Listed by: stuart galvis
Office: kw realty downtown, llc.
MLS#:IR1052977
Source:ML
Price summary
- Price:$650,000
- Price per sq. ft.:$272.08
About this home
Active listing agreement in place. Pulling it off temporarily for exterior cosmetic updating. 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!...
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Home facts
- Year built:1962
- Listing ID #:IR1052977
Rooms and interior
- Flooring:Wood
- Kitchen Description:Double Oven, Eat-in Kitchen, Oven, Refrigerator
- Basement:Yes
- Basement Description:Crawl Space
- Living area:2,389 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1962
- Building area:2,389 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Level, Sprinklers In Front
- Architectural Style:Contemporary
- Construction Materials:Brick
- Levels:1 Story
Schools
- High school:Longmont
- Middle school:Longs Peak
- Elementary school:Mountain View
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$272.08
- Tax amount:$3,553 (2025)
Features and amenities
- Laundry features:Dryer, In Unit, Washer
Parking
- Total parking spaces:5
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