$560,000
SOLD JAN 31, 2025
4 Beds
2 Baths
2,046 Sq Ft
7,876 Sq Ft Lot

Recently Sold

$274 Per Sq Ft

7% Below List Price

158 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • 1-Story Property
  • Hygiene Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of January 2025

Introducing a prime multi-family investment opportunity in Boulder County located at 1714 - 1716 Cambridge Drive in Longmont, Colorado. This 2,046 square foot ranch style duplex consists of two, 2 bedroom, one bathroom ranch style homes that were originally constructed in 1977. Each unit contains a fireplace, a large kitchen with a laundry area, and an attached one car garage, as well as front and rear outdoor spaces. There is one month to month leases for $1200 per month & 1 leased until 04/30/25 at $1700 per month. Electric and natural gas are separately metered, and are the tenant's responsibility. With prices constantly on the rise, now is the time to invest in the Longmont area, and this property presents an excellent prospect for a multi-family/duplex investor trying to get their foot in the door before it is too late!

Last Agent to Sell the Property

Keith Kanemoto

RE/MAX Elevate

Co-Listed By

Gary Maggi

RE/MAX Town and Country

Last Buyer's Agent

Thomas Cohen

Compass - Boulder

Compass - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,889

Year Built

  • Built in 1977

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 2,046 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Longmont Estates Elementary School
  • Longs Peak Middle School
  • Longmont High School

Additional Features

  • 7,876 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0043736

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Longmont Village Subdivision

Building Details

  • Gross Income $40,800
  • Net Operating Income $31,486

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,889

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Year Built: 1977
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.18
  • Co List Office Mls Id: 8RMTC
  • Subdivision Name: Longmont Village
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Has Basement: None
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, City
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Longmont Estates
  • HighSchool: Longmont
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Longs Peak

Lot Info

  • Zoning: R-MF
  • Lot Size Sq Ft: 7876
  • Parcel #: R0043736
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2889

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 40800
  • Annual Operating Expense: 9314

Map

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $560,000 -6.7% $274 / Sq Ft
08/26/2024 08/26/24 For Sale $600,000 -- $293 / Sq Ft
Source: IRES MLS

Source: IRES MLS

MLS Number: 1017300

IRES MLS