1434 12th Ave Longmont, CO 80501
Loomiller NeighborhoodEstimated payment $3,876/month
Highlights
- Wood Flooring
- Double Oven
- 1-Story Property
- No HOA
- Eat-In Kitchen
- Forced Air Heating and Cooling System
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $3,553
Year Built
- Built in 1962
Lot Details
- 9,148 Sq Ft Lot
- South Facing Home
- Chain Link Fence
- Paved or Partially Paved Lot
- Sprinkler System
Parking
- 5 Parking Spaces
Home Design
- Duplex
- Composition Roof
Interior Spaces
- 2,389 Sq Ft Home
- 1-Story Property
- Dining Room
- Wood Flooring
- Crawl Space
Kitchen
- Eat-In Kitchen
- Double Oven
- Electric Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Dryer
- Washer
Schools
- Mountain View Elementary School
- Longs Peak Middle School
- Longmont High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number R0043456
Community Details
Overview
- No Home Owners Association
- 2 Units
- Longmont Land Co 1 Subdivision
Building Details
- Gross Income $52,800
- Net Operating Income $41,447
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | -- | $36,828 | $7,024 | $29,804 |
| 2025 | -- | $36,828 | $7,024 | $29,804 |
| 2024 | $3,130 | $33,850 | $6,456 | $27,394 |
| 2023 | $3,130 | $33,172 | $7,189 | $29,668 |
| 2022 | $2,606 | $26,337 | $5,175 | $21,162 |
| 2021 | $2,698 | $27,692 | $5,441 | $22,251 |
| 2020 | $2,299 | $23,667 | $4,719 | $18,948 |
| 2019 | $2,263 | $23,667 | $4,719 | $18,948 |
| 2018 | $1,976 | $20,801 | $4,248 | $16,553 |
| 2017 | $1,949 | $22,996 | $4,696 | $18,300 |
| 2016 | $1,882 | $19,685 | $5,811 | $13,874 |
| 2015 | $1,793 | $16,637 | $5,254 | $11,383 |
| 2014 | $1,554 | $16,637 | $5,254 | $11,383 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $263,500 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $125,000 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $254,079 | FHA |
Source: IRES MLS
MLS Number: IRE1066237
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Ask me questions while you tour the home.