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1434 12th Avenue, Longmont, CO, 80501

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1434 12th Avenue, Longmont, CO, 80501

6 Beds
3 Baths
2,389 SqFt
0.21 Acres

Listing Id

RECIR1066237
$650,000

Don’t miss this rare opportunity to own a proven-performing, high-demand duplex with loyal tenants, strong rental history, and immediate income upside – perfect for hands-off investors seeking reliable cash flow AT OVER A 6-CAP!! Both units are leased to long-term tenants: one on Section 8 ($2,000/mo, through Dec 2026), the other at $2,150/mo (through Nov 2026). The detached four-car garage adds additional value and even more income upside. Only one single-bay is included with 1436. A separate tenant rents the double-bay rented separately for $250/mo. The final single bay is currently used by the sellers but will be delivered vacant at closing for instant income potential or additional tenant perks. Both tenants want to renew at the end of their current leases, have a strong track record of on-time payments, and take excellent care of their units. Vacancy has been virtually nonexistent for years, and when past tenants have vacated, the Sellers have always found new tenants quickly, underscoring the property’s appeal and strong local demand. Interiors are dated, presenting a straightforward value-add opportunity: cosmetic updates can boost rents and long-term returns. Key systems and appliances are believed older but functional, with no major issues reported. Stable income, low vacancy risk, and clear upside make this an ideal portfolio addition. **The Punchline: Turnkey income, loyal tenants, and untapped upside-all in one package at a Cap Rate of over 6.25!! Reach out today for rent roll and financials. The numbers speak for themselves!

Property Details
Price:
$650,000
MLS #:
RECIR1066237
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
Duplex
Subdivision:
Longmont Land Co 1
Finished Sq Ft:
2,389
Total Sq Ft:
2,389
Lot Size:
8,999 sqft / 0.21 acres (approx)
Year Built:
1962
Units:
2
Longmont Land Co 1St. Vrain Valley Re-1jMountain ViewLongs PeakLongmont
Interior
Appliances
Double Oven, Dryer, Oven, Refrigerator, Washer
Cooling
Central Air
Flooring
Wood
Heating
Forced Air
Interior Features
Eat-in Kitchen
Laundry Features
In Unit
Levels
One
Exterior
Construction Materials
Brick
Direction Faces
South
Fencing
Fenced
Lot Features
Sprinklers In Front
Parking Spots
5
Parking Total
5
Roof
Composition
Schools
School District:
St. Vrain Valley RE-1J
Elementary School:
Mountain View
Middle School:
Longs Peak
High School:
Longmont
Financial
Net Operating Income
$41,447
Tax Year
2025
Taxes
$3,553

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1434 12th Avenue
Longmont, CO