1337 Merl Pl, Longmont, CO 80501
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
This is the investment property that you've been waiting for. With nearly $60,000/year in rental income, this property, even after calculating in the property management expense of 8%, yields a capitalization rate of nearly 7! Located in a quiet culdesac, backing to Carr Park and just steps from Northridge Elementary, this a highly desirable location for renters with historically low vacancy rates. Tenants are stable and prefer to stay but all leases expire on 5/31 allowing reasonable flexibility for the new owner. All 3 units are identical with 3 BRs upstairs and one full BA with the primary BR having access to a private, west facing balcony. The main levels offers a generously sized living room, dining room, kitchen and half bath. The bonus potential upside in these units is the unfinished basement which allows for future expansion of number of bedrooms and rental income. And with massive parking lots, there are plenty of spaces for all of the tenants without parking issues. A new ro
Location
Full feature list
Basic info
- Property type
- Multi-family
- Lot size (acres)
- 0.31
- Year built
- 1977
Interior features
- Basement
- Yes, Unfinished
Utilities
- Heating
- Forced air
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2024)
- $4,222
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: IRES MLS MLS®#: 1050580 Last checked: …
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