NOT LISTED FOR SALE

45 Denver Way Longmont, CO 80503

Longmont Estates Neighborhood
16 Beds
12 Baths
6,804 Sq Ft
0.3 Acres

Last Sold November 01, 2024

Last sale price $1,600,000 $235 Per Sq Ft

67 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • 3-minute walk to Dawson Park
  • Longmont Estates Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of November 2024

Exciting investment opportunity in highly sought after Boulder County! Situated in northwest Longmont, this property consists of an approximately 6,804 square foot building with 12 units, ideal for any Multifamily/Low-Rise investor. This two story brick gem was built in 1969 and is zoned R-MF Residential Multi-Family per the City of Longmont. Each one bedroom/one bathroom unit is approximately 600 square feet and there is one assigned parking space per unit. Each unit is serviced by its own hot water heater and there is a common boiler to provide heat for the entire building. Air conditioning is through window air conditioners, owned by the individual tenants. Landlord pays gas and water, and Tenants are responsible for electricity, and any telecommunication/data or television services. A couple units have been completely renovated, while others present a value add opportunity. With its desirable location, just blocks away from McIntosh Lake and many other amenities, this property presents an enticing prospect for those seeking a lucrative investment in the ever-growing real estate market.

Last Listed By

Keith Kanemoto

RE/MAX Elevate Listed on: 08/26/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,102

Year Built

  • Built in 1969

Lot Details

  • 0.3

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 6,804 Sq Ft Home
  • 2-Story Property

Schools

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

Additional Features

  • 0.3 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0049816

Community Details

Overview

  • No Home Owners Association
  • La Vista Estates Subdivision

Building Details

  • Gross Income $151,200
  • Net Operating Income $110,329

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,102

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Year Built: 1969
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.3
  • Co List Office Mls Id: 8RMTC
  • Subdivision Name: La Vista Estates
  • Unit Levels: Bi-Level
  • New Construction: No
  • Building Stories: 2
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Has Basement: None
  • 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 of Longmont
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Northridge
  • 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: 13080
  • Parcel #: R0049816
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11102

Multi Family

  • Annual Gross Income: 151200
  • Annual Operating Expense: 40871

Range of Values:

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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
11/01/2024 11/01/24 Sold $1,600,000 -20.0% $235 / Sq Ft
08/26/2024 08/26/24 For Sale $2,000,000 -- $294 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Keith Kanemoto

    Seller's Agent in 2024

    Keith Kanemoto

    RE/MAX

    (303) 472-2222

    2 in this area

    70 Total Sales

    Keith Kanemoto
    Section Image
  • Gary Maggi

    Seller Co-Listing Agent in 2024

    Gary Maggi

    RE/MAX

    (970) 692-2002

    3 in this area

    126 Total Sales

    Gary Maggi
    Section Image

  • N

    Buyer's Agent in 2024

    Non-IRES Agent

    CO_IRES

See All Agents

Map

Source: IRES MLS

MLS Number: 1017299

IRES MLS

APN: 1205-32-2-03-001

Colorado Boulder County Longmont 80503 Longmont Estates

45 Denver Way, Longmont, CO

Homes for Sale in Longmont, CO

This home is located at 45 Denver Way, Longmont, CO 80503 since 26 August 2024. This property was built in 1969. 45 Denver Way is a home located in Boulder County with nearby schools including Longmont Estates Elementary School, Westview Middle School, and Silver Creek High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Listing 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 deemed reliable but not guaranteed by the MLS.