NOT LISTED FOR SALE
4 Beds
2 Baths
2,046 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: January 31, 2025

Last sale price $560,000 $274 Per Sq Ft

158 Days on Market

Highlights

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

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 Brokerage Phone: 3037722222 License #40009659 Listed on: 08/26/2024

Co-Listed By

Gary Maggi

RE/MAX Town and Country Brokerage Phone: 3037722222 License #1323551

Last Buyer's Agent

Thomas Cohen

Compass - Boulder

Compass - Boulder
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,889

Year Built

  • Built in 1977

Lot Details

  • 7,841

Home Design

  • 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

  • 7,841 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

7,841 Sq Ft Lot

Listing Details

  • Year Built: 1977
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Co List Office Mls Id: IRE8RMTC
  • Subdivision Name: Longmont Village
  • Unit Levels: One
  • New Construction: No
  • Attribution Contact: 3037722222
  • IRE_HasWaterRights: No
  • IRE_TotalSqFt: 2046
  • IRE_NewConstructionStatus: Not New, Previously Owned
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Appliances: No Units Furnished
  • Has Basement: None
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Disclosures: None
  • Construction Type: Brick

Utilities

  • Electric: City
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Sewer: Public Sewer
  • Water Source: City

Condo/Co-op/Association

  • 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
  • Land Lease Amount Frequency: Month-to-Month
  • Parcel #: R0043736
  • Irrigation Water Rights: No

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2024
Closed on
Jan 31, 2025
Sold by
Bought by
Seller's Agent
Keith Kanemoto
RE/MAX Elevate
Buyer's Agent
Thomas Cohen
Compass - Boulder
List Price
$600,000
Sold Price
$560,000
Premium/Discount to List
-$40,000
-6.67%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$413,531
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2019
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 1992
Bought by

Purchase Details

Closed on
Sep 23, 1992
Bought by

Purchase Details

Closed on
Mar 28, 1978
Bought by

Purchase Details

Closed on
Feb 17, 1978
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
$560,000 None Listed On Document
-- None Available
$215,000 None Available
$215,000 Fidelity National Title Insu
-- --
$259,000 --
-- --
$120,000 --
-- --
$75,000 --
Source: Public Records

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 Borrower Loan Amount
Open $420,000
Previous Owner $161,250
Previous Owner $119,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
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

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 -- $39,298 $9,500 $29,798
2025 -- $39,298 $9,500 $29,798
2024 $3,366 $36,119 $8,731 $27,388
2023 $3,366 $35,671 $9,742 $29,614
2022 $2,889 $29,199 $7,344 $21,855
2021 $2,991 $30,702 $7,722 $22,980
2020 $2,829 $29,122 $6,221 $22,901
2019 $2,784 $29,122 $6,221 $22,901
2018 $2,318 $24,408 $6,264 $18,144
2017 $2,287 $26,984 $6,925 $20,059
2016 $1,938 $20,274 $7,880 $12,394
2015 $1,847 $16,844 $4,219 $12,625
2014 $1,573 $16,844 $4,219 $12,625
Source: Public Records

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Map

Source: IRES MLS

MLS Number: IRE1017300

IRES MLS
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