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510 Main St

Louisville, CO 80027
  • $1,900,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 1021879
UPDATED: 132 min ago
$1,900,000
  • 8
    BEDS
  • 0.38
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,298
    SQFT
  • $576
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Information

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

Description

Fantastic investment opportunity in an exceptional location. This 4-unit townhome property is located only 1.5 blocks of downtown Louisville, steps away from Community Park and very close to the Coal Creek Trail as well! Each two-story unit features a spacious living and dining area, open kitchen and tons of natural light on the main floor. Two ample bedrooms are upstairs with a full bath. Front patios offer shade in the summer, while back patios face south and are adjacent to a back and side yard! Mature landscaping creates a park-like feel. Each unit is individually metered for gas and electric. Central air conditioning and heat. A coin-operated washer/dryer is on site in a community laundry room. Two off street parking spots are included with each unit. Outdoor, locked storage closet comes with each unit (big enough for skis, bikes, etc.) Owner expenses include water/sewer, trash and common area irrigation/snow removal of parking lot. Each unit includes refrigerator, range, dishwasher and all interiors have been updated, as well as exterior fiber cement siding, within the last 10 years. Roof replaced in 2018 and front patios added. Potential for a development opportunity. Check with the city of Louisville for current zoning. No vacancy and hasn't been for many, many years. Touring of the units can occur once under contract (within 48 hours). Owner has great tenants and does not want to inconvenience them without a serious buyer. Leases to be assumed by Buyer. PLEASE, DO NOT CONTACT TENANTS!

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© 2024 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: 2024-12-12T23:41:25.503.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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510 Main St Louisville, CO 80027

  • Price: $1,900,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 132 min ago
  • MLS #: 1021879
8
Beds
4
Baths
0
½ Baths
0.38
Acres
3,298
SQFT
$576
$/SQFT
1984
Built
Neighborhood:
Downtown Louisville
County:
Boulder
Area:
02 Louisville City Limits
Elementary School:
Louisville
Middle School:
Louisville
High School:
Monarch
School District:
Boulder Valley Dist Re2
Property Description
Fantastic investment opportunity in an exceptional location. This 4-unit townhome property is located only 1.5 blocks of downtown Louisville, steps away from Community Park and very close to the Coal Creek Trail as well! Each two-story unit features a spacious living and dining area, open kitchen and tons of natural light on the main floor. Two ample bedrooms are upstairs with a full bath. Front patios offer shade in the summer, while back patios face south and are adjacent to a back and side yard! Mature landscaping creates a park-like feel. Each unit is individually metered for gas and electric. Central air conditioning and heat. A coin-operated washer/dryer is on site in a community laundry room. Two off street parking spots are included with each unit. Outdoor, locked storage closet comes with each unit (big enough for skis, bikes, etc.) Owner expenses include water/sewer, trash and common area irrigation/snow removal of parking lot. Each unit includes refrigerator, range, dishwasher and all interiors have been updated, as well as exterior fiber cement siding, within the last 10 years. Roof replaced in 2018 and front patios added. Potential for a development opportunity. Check with the city of Louisville for current zoning. No vacancy and hasn't been for many, many years. Touring of the units can occur once under contract (within 48 hours). Owner has great tenants and does not want to inconvenience them without a serious buyer. Leases to be assumed by Buyer. PLEASE, DO NOT CONTACT TENANTS!
Exterior Features

Construction Materials Wood/Frame Exterior Features Lighting Horse YN No Levels Two Lot Features CurbsGuttersSidewalksLawn Sprinkler System Other Parking Parking Per Unit(2 Spaces/Unit) Parking Features Alley Access Patio And Porch Features Patio Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryerDisposal Basement Crawl Space Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Forced Air Heating YN Yes Laundry Features Common Area Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Total Baths 1 Window Features Window CoveringsDouble Pane Windows

Property Features

Association YN No Cap Rate 3.72 Community Features Extra Storage Ditches Active YN No Electric ElectricSeparate Meter ElectricityXcel Exclusions Seller's and tenants personal property Gas Natural GasSeparate Meter GasXcel Gross Income 83925 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Louisville Net Operating Income 70657 New Construction YN No Number Of2 Bedroom Units 4 Operating Expense 13268 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Senior Community YN No Sewer City Sewer Special Listing Conditions Other Owner Tax Annual Amount 5830 Tax Year 2023 Tenant Pays DepositGasElectricity Unit1 Rent 1770 Unit2 Rent 1685 Unit3 Rent 1775 Unit4 Rent 1725 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Zoning Multi-Fam

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Cindie Reddington of Cynthia 'Cindie' Reddington: 3038881488.



© 2024 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: 2024-12-12T23:41:25.503.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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