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21 E 4th Ave

Longmont, CO 80504
  • $1,349,800
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: 948677
UPDATED: 85 min ago
$1,349,800
  • 4
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,210
    SQFT
  • $611
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Information

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

Description

Opportunity Zone Special for the savvy investor. Existing Single-family home includes two bedrooms and one bathroom. The existing home has had the same tenant for over 20 years and currently rents for $1744/mo.. The home has a new roof, new gutters and exterior paint, a new water heater, and will undergo significant utility updates with the building of the New Construction Duplex to be built on the lot. The New Construction Duplex will include two one bedroom units with balconies, two car garages, and built energy efficient and with the latest technology. Take advantage of the Opportunity Zone rules and avoid taxes on cash out investments. Total estimated annual gross rent on the finished product is over $57,000. Conditions: 1)Sale of existing property requires signed agreement and down payment towards new construction Duplex. 2) Sales price for existing SFD = $449,900.00 3) Required contract with earnest money for to-be-built Duplex = $899,900.00

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© 2021 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 Sears Real Estate. Data last updated: 2021-10-27T23:41:25.517.
www.searsrealestate.com/homes/120532299
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21 E 4th Ave Longmont, CO 80504

  • Price: $1,349,800
  • Status: Active
  • Updated: 85 min ago
  • MLS #: 948677
4
Beds
0
Baths
0
½ Baths
0.14
Acres
2,210
SQFT
$611
$/SQFT
1947
Built
Neighborhood:
Morning Side
County:
Boulder
Area:
04 Longmont City Limits
Elementary School:
Timberline
Middle School:
Timberline
High School:
Skyline
School District:
ST Vrain Dist RE 1J
Property Description
Opportunity Zone Special for the savvy investor. Existing Single-family home includes two bedrooms and one bathroom. The existing home has had the same tenant for over 20 years and currently rents for $1744/mo.. The home has a new roof, new gutters and exterior paint, a new water heater, and will undergo significant utility updates with the building of the New Construction Duplex to be built on the lot. The New Construction Duplex will include two one bedroom units with balconies, two car garages, and built energy efficient and with the latest technology. Take advantage of the Opportunity Zone rules and avoid taxes on cash out investments. Total estimated annual gross rent on the finished product is over $57,000. Conditions: 1)Sale of existing property requires signed agreement and down payment towards new construction Duplex. 2) Sales price for existing SFD = $449,900.00 3) Required contract with earnest money for to-be-built Duplex = $899,900.00
Exterior Features

Architectural Style Ranch Construction Materials Wood/Frame Horse YN No Property Attached YN No Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenRefrigerator Basement None Heating Forced Air Heating YN Yes Living Area Source Plans Unit1 Bedrooms 2 Unit1 Est Sq Ft 930 Unit1 Total Baths 1 Unit2 Bedrooms 1 Unit2 Est Sq Ft 640 Unit2 Total Baths 1 Unit3 Bedrooms 1 Unit3 Est Sq Ft 640 Unit3 Total Baths 1

Property Features

Association YN No Cap Rate 3.67 Electric ElectricCity Of Longmon Gas Natural GasXcel Gross Income 54081.6 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Longmont Net Operating Income 49568.6 New Construction YN No Operating Expense 4513 Possible Use Multi-Family Property Condition Not NewPreviously Owned Sewer City Sewer Tax Annual Amount 1513 Tax Year 2020 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Longmont Zoning Res

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Doug Sigg of Paragon Realty Services Llc.



© 2021 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 Sears Real Estate. Data last updated: 2021-10-27T23:41:25.517.
 
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