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1550 Terry St

Longmont, CO 80501
  • $2,400,000
  • STATUS: Active
  • ON SITE: 236 Days
  • MLS #: 972101
UPDATED: 27 min ago
$2,400,000
  • 12
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,472
    SQFT
  • $371
    $/SQFT
Neighborhood:
North Terry Street Townhomes Subdivision
Type:
Multi-Family
Built:
2023
County:
Boulder
Area:
04 Longmont City Limits

School Information

Elementary School:
Mountain View
Middle School:
Longs Peak
High School:
Longmont
School District:
ST Vrain Dist RE 1J
School Ratings & Info

Description

Multi-family investment opportunity. This five-unit townhome building is currently under construction for delivery in Spring 2023. Five units with 10-foot ceilings on the main floor, designer finishes, modern floor plans, pet-friendly fenced back yards, and one and two-car garages. The building consists of three two-bedroom units, and two three-bedroom units including one three-story option with inspiring westerly mountain views. No metro district equals lower property taxes compared to other new construction investment options. This is a rare opportunity to secure a top-notch multi-family investment with huge appreciation upside in a great location in rapidly developing north Longmont.

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© 2023 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Taylor Home Partners. Data last updated: 2023-03-22T21:41:12.003.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.taylorhomepartners.com/homes/131366810
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1550 Terry St Longmont, CO 80501

  • Price: $2,400,000
  • Status: Active
  • On Site: 236 Days
  • Updated: 27 min ago
  • MLS #: 972101
12
Beds
0
Baths
0
½ Baths
0.3
Acres
6,472
SQFT
$371
$/SQFT
2023
Built
Neighborhood:
North Terry Street Townhomes Subdivision
County:
Boulder
Area:
04 Longmont City Limits
Elementary School:
Mountain View
Middle School:
Longs Peak
High School:
Longmont
School District:
ST Vrain Dist RE 1J
Property Description
Multi-family investment opportunity. This five-unit townhome building is currently under construction for delivery in Spring 2023. Five units with 10-foot ceilings on the main floor, designer finishes, modern floor plans, pet-friendly fenced back yards, and one and two-car garages. The building consists of three two-bedroom units, and two three-bedroom units including one three-story option with inspiring westerly mountain views. No metro district equals lower property taxes compared to other new construction investment options. This is a rare opportunity to secure a top-notch multi-family investment with huge appreciation upside in a great location in rapidly developing north Longmont.
Exterior Features

Construction Materials Wood/FrameBrick/Brick Veneer Fencing Partial Horse YN No Levels Tri-Level Lot Features Water Rights ExcludedMineral Rights IncludedLevel Other Parking Parking Per Unit(1 Space/Unit2 Spaces/Unit) Patio And Porch Features Patio Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No View Mountain(S)City Waterfront YN No

Interior Features

Accessibility Features Level Lot Appliances DishwasherMicrowaveDisposal Basement None Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features Eat-In KitchenOpen FloorplanWalk-In Closet(S) Living Area Source Plans Unit1 Bedrooms 3 Unit1 Est Sq Ft 1696 Unit1 Total Baths 3 Unit2 Bedrooms 2 Unit2 Est Sq Ft 1150 Unit2 Total Baths 3 Unit3 Bedrooms 2 Unit3 Est Sq Ft 1150 Unit3 Total Baths 3 Unit4 Bedrooms 2 Unit4 Est Sq Ft 1169 Unit4 Total Baths 3

Property Features

Association Fee 220 Association Fee Frequency Monthly Association Fee Includes Common AmenitiesSnow RemovalMaintenance GroundsMaintenance Structure Association YN Yes Cap Rate 4.49 Ditches Active YN No Electric ElectricXcel Estimated Completion Date 2023-03-30 Gas Natural GasXcel Gross Income 145260 Has Association Fee Yes Has Hoa2 No Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Longmont Net Operating Income 107672 New Construction YN Yes Operating Expense 37588 Possible Use Multi-Family Property Condition Under Construction Property Sub Type Attached Dwelling Special Listing Conditions Private Owner Tax Annual Amount 9125 Tax Year 2023 Tenant Pays Deposit Unit1 Rent 2635 Unit2 Rent 2335 Unit3 Rent 2335 Unit4 Rent 2335 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Longmont Zoning Mu-C

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Karla Brown of The Colorado Group: 3034492131.



© 2023 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Taylor Home Partners. Data last updated: 2023-03-22T21:41:12.003.

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