NOT LISTED FOR SALE

121 Reed Place Unit s A&B Longmont, CO 80504

Kensington Neighborhood
6 Beds
2 Baths
2,240 Sq Ft
10,019 Sq Ft Lot

Last Sold January 09, 2023

Last sale price $585,000 $261 Per Sq Ft

2 Days on Market

Highlights

  • City View
  • No HOA
  • Park
  • Main Floor Bedroom
  • Cul-De-Sac
  • 3-minute walk to Kensington Park

About This Home

As of January 2023

This is your next money maker. Duplex with solid construction located on large lot with off-street parking on a quiet culdesac in central Longmont. Property is immediately adjacent to Kensington Park where tenants can enjoy the trails and nearby children's playground along the Spring Gulch Trail. Newer windows and roof. Needs new paint and carpet and some interior upgrades to make this a profitable rental for years to come. Two three-bedroom, one-bath units with laundry. Ideal for 1031 Exchange. Located in Longmont's Opportunity Zone, providing possible tax incentives. Accepting back-up offers.

Last Agent to Sell the Property

Karla Brown

The Colorado Group Listed on: 11/11/2022

The Colorado Group

Last Buyer's Agent

Mark Hochhauser

Homestead Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,067

Year Built

  • Built in 1977

Lot Details

  • 10,019 Sq Ft Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Level Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property
  • Free Standing Fireplace
  • City Views
  • Natural lighting in basement

Kitchen

  • Electric Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Storage

Schools

  • Columbine Elementary School
  • Trail Ridge Middle School
  • Longmont High School

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity, trash collection
  • Assessor Parcel Number R0043858

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • East Old Town Longmont Subdivision

Recreation

  • Park

Building Details

  • Gross Income $39,120
  • Net Operating Income $32,653

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,067

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Year Built: 1977
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.23
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Gravel
  • Subdivision Name: East Old Town Longmont
  • Unit Levels: Bi-Level
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2240
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer, All Appliances, Disposal
  • Accessibility Features: Level Lot, Other Access, Main Level Bedroom, Stall Shower
  • Has Basement: Daylight
  • Total Bedrooms: 6
  • Fireplace Features: Free Standing
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Cul-De-Sac, Level
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Other Structures: Storage
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric, City of Longmon
  • Heating: Heat Pump
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, City of Longmont
  • Gas Company: Natural Gas, Separate Meter Gas, Xcel

Condo/Co-op/Association

  • Community Features: Park
  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Columbine
  • HighSchool: Longmont
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Trail Ridge

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 10019
  • Parcel #: R0043858
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity, Trash Collection

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2067

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 39120
  • Annual Operating Expense: 6467

Range of Values:

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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
01/09/2023 01/09/23 Sold $585,000 -2.3% $261 / Sq Ft
11/13/2022 11/13/22 Pending -- -- --
11/11/2022 11/11/22 For Sale $599,000 -- $267 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Karla Brown

    Seller's Agent in 2023

    Karla Brown

    The Colorado Group

    (720) 635-5054

    1 in this area

    36 Total Sales

    Section Image

  • M

    Buyer's Agent in 2023

    Mark Hochhauser

    Homestead Real Estate, LLC

    (720) 201-0968

    2 in this area

    78 Total Sales

    Section Image
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Map

Source: IRES MLS

MLS Number: 978702

IRES MLS

Colorado Boulder County Longmont 80504 Kensington

121 Reed Place Unit s A&B, Longmont, CO

This home is located at 121 Reed Place Unit s A&B, Longmont, CO 80504 since 11 November 2022. This property was built in 1977. 121 Reed Place Unit s A&B is a home located in Boulder County with nearby schools including Columbine Elementary School, Trail Ridge Middle School, and Skyline 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.

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