1337 Merl Place

Longmont, CO 80501
Square Ft.
4,878
$625,000
This is the investment property that you've been waiting for. With nearly $60,000/year in rental income, this property, even after calculating in the property management expense of 8%, yields a capitalization rate of nearly 7! Located in a quiet culdesac, backing to Carr Park and just steps from Northridge Elementary,Read MoreRead Less
Market LogoCourtesy of Compass - Boulder, Brian Sundberg, [email protected].
Listing Snapshot
Days Online
21
Last Updated
Property Type
Triplex
Square Ft.
4,878
Lot Size
0.31 Acres
Year Built
1977
MLS Number
IR1050580
30 Days Snapshot Of 80501
$475k
-1%
(avg) sold price
30
+30%
homes sold
105
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Public", Road Surface Type: "Paved"
Appliances & Equipment
"Oven", "Refrigerator"
Basement
Basement, "Full", "Unfinished", Bedrooms: 0
Building
Construction Materials: "Frame", Direction Faces: East, Levels: "Two", Occupant Type: Tenant, Total Area: 4878, Unit Count: 3, Unit Types: "Array", "Array", "Array", Built in 1977, 3 total units
Expenses
Operating Expense: $10,522
Exterior Features
Features: "Balcony"
Heating
Heating: "Forced Air"
Income
Gross Income: $4,935, Income Includes: "Rent Only", Net Operating Income: $47,514, Projected Gross Operating Income: $58,036
Laundry
Features: "In Unit"
Lot
Acres: 0.31, Parcel Number: R0047809, Square Feet: 13419
Owner Pays
Ownership: Individual
Parking
Parking Total: 8
Property
Possible Use: "Multi-Family", Property Sub Type: Triplex, View: "Mountain(s)", Zoning: Triplex
Roof
Roof: "Composition"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 4222, Legal Description: LOT 12 BLK 2 YEAGER GARDEN GREENS 2, Tax Year: 2024
Tenant Pays
Tenant Pays: "Electricity", "Gas"
Utilities
Utilities: "Electricity Available", "Natural Gas Available", Water Source: "Public"
Windows
Window Features: "Double Pane Windows"
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Tim Jones
Foothills REALTOR® | Broker Associate, eXp Realty
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.