938 Kelly Place, Longmont, CO 80501
- $530,000
Courtesy of RE/MAX of Boulder, Inc . 3038750221
- List Price
- $530,000
- Type
- Multifamily
- Status
- ACTIVE UNDER CONTRACT
- MLS Number
- IR1058785
- Total Sqft
- 2080
- Subdivision
- Horizon Pkwy
- Sub-Area
- Horizon Pkwy
- Year Built
- 1977
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!
Additional Information
- School District
- St. Vrain Valley RE-1J
- Elementary School
- Northridge
- Middle School
- Longs Peak
- High School
- Longmont
- Basement
- None
- Lot Size
- 9,625
- Acres
- 0.22
- Taxes
- $3,607
- Tax Year
- 2025
Mortgage Calculator
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