1762 Antero Dr, Longmont CO 80504
$795,000
6 Bedrooms ,
6 Bathrooms
Property Description
Exceptional Duplex Investment with Best Cap Rate in Longmont and Boulder County. Full renovation and expansion in 2020 with two new master suites. Both sides have Section 8 families signed through 2022 that would like to stay 5+ years. New furnace, roof, windows, stainless steel appliances, cabinets, granite counters, washer dryer, insulation, whole house fans, vaulted ceilings, exposed beams, skylights, irrigation system . Families have been cleared through the Boulder County Housing Authority and by Landlord. Rents are 90%+ paid by BCHA through a direct deposit. Investor Considerations: Collections? Check, with guaranteed monthly direct deposit. Turnover/Vacancy? Tenants would like to stay 5+ years. Maintenance? Tenants cover it and all systems are new so minimal replacement reserves. Appreciation? Area has seen significant recent investment and CoL has $4M grant for quiet train crossing on 17th. Hold for five years, get cash flow and appreciation, and then sell at a 5 cap?General Features
MLS: 944768 | Status: Sold |
Listing Office: Peak Properties & Development | Sold Date: 07/31/2021 |
Style: Two | Construction: Wood/Frame,Brick/Brick Veneer |
Bedrooms: 6 | Baths: 6 |
Cooling: Ceiling Fan(s) | Heating: Forced Air |
Total SqFt: 2,736ft² | Acreage: 0.16 acres |
Lot Size: 7,013ft² |
School Information
District: ST Vrain Dist RE 1J |
Elementary: Alpine,Alpine |
Middle: Timberline |
High: Skyline |
Taxes & Fees
Tax Amount: $2,376 |
Tax Year: 2020 |
Additional Information
Fireplaces: None |
Outdoor Features: , , Lighting, , Zero Lot Line, Curbs, Gutters, Sidewalks, Lawn Sprinkler System |
Site Features: 1 |
Common Amenities: Sauna |
Road Access: City Street |
Disabled Access: Level Lot |
New Financing: Conventional |
Construction: Wood/Frame,Brick/Brick Veneer |
Energy Features: , |
Utilities: Natural Gas Available,Electricity Available |