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Buy a multi-family propertyat 707 Rees Court, Longmont, CO 80504

$698,000

$0/mo

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Multifamily

2,688 Sq. Ft.

10,890 Sq. Ft. lot

0 Bathrooms

795 Days on market

IR982129 MLS ID

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About 707 Rees Court multi-family property

Rare find in Longmont! Brick tri-plex, backs to park, walking distance to schools, easy to rent on a quiet street and close to downtown.
Rare find in Longmont! Brick tri-plex, backs to park, walking distance to schools, easy to rent on a quiet street and close to downtown.

Property details

Appliances and Equipment

"Dishwasher", "Disposal", "Dryer", "Microwave", "Oven", "Refrigerator", "Washer"

Basement

Basement Level Bedrooms: 0

Basement: "Crawl Space"

House

Architectural Style: "Contemporary"

Construction Materials: "Brick"

Levels: "One"

Occupant Type: Tenant

Total Area: 2688

Unit Count: 3

Year Built: 1975

3 total units

Cooling

Cooling: "Ceiling Fan(s)"

Disclosures

Attribution Contact: 3039527689

Exclusions: Tenant personal property, Mineral Rights Excluded

Expenses

Operating Expense: $5,967

Fence

Fencing: "Partial"

Heating

Heating: "Forced Air"

Heating & Cooling

Description: Ceiling Fan

Income

Gross Income: $3,850

Net Operating Income: $42,033

Projected Gross Operating Income: $48,000

Listing

Listing Contract Date: 2023-02-16

Listing Id: RECIR982129

Listing Terms: "1031 Exchange", "Cash", "Conventional", "FHA", "VA Loan"

Mls Status: Pending

Off Market Date: 2023-03-15

Original List Price: $765,000

Price Change Timestamp: 2023-03-08 07:00:00

Purchase Contract Date: 2023-03-15

Standard Status: Pending

Status Change Timestamp: 2023-03-15 06:00:00

Location

City: Longmont

County Or Parish: Boulder

Postal Code: 80504

Subdivision Name: REES - LG

Lot

Acres: 0.25

Features: "Flood Zone", "Level"

Parcel Number: R0068241

Square Feet: 10890

Owner Pays

Ownership: Individual

Parking

Parking Total: 6

Possession

"Closing/DOD"

Property

Possible Use: "Multi-Family"

Property Sub Type: Triplex

Zoning: Not county

Roof

Roof: "Composition"

Schools

High School: Skyline

Middle Or Junior School: Timberline

Elementary School: Columbine

High School District: St. Vrain Valley RE-1J

Elementary School District: St. Vrain Valley RE-1J

Security System

Features: "Smoke Detector(s)"

Taxes

Annual Amount: 2855.1

Legal Description: LOT 13 BLK 2 REES ADD LGT & ELY PT OUTLOT 13 PRATT & BROWNS GARDENS ADJ LOT 13 BLK 2 REES

Tax Year: 2022

Tenant Pays

Tenant Pays: "Electricity", "Gas", "Trash Collection"

Utilities

Utilities: "Cable Available", "Electricity Available", "Natural Gas Available"

Water Source: "Public"

Monthly cost

Estimated monthly cost

$4,303/mo

All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$656,120

+$20,940

$677,060

Seller agent commission$20,940 (3%)*

$0 (0%)

Buyer agent commission$20,940 (3%)*

$20,940 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

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Unreal Estate checked: Sep 10, 2024 at 1:32 p.m.

Data updated: Mar 16, 2023 at 8:05 p.m.

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