724 Mead Street, Louisville, CO 80027
- $900,000
Courtesy of LIV Sotheby's Intl Realty . 3034436161
- List Price
- $900,000
- Type
- Multifamily
- Status
- ACTIVE
- MLS Number
- IR1063078
- Total Sqft
- 1765
- Subdivision
- Kimberly
- Sub-Area
- Kimberly
- Year Built
- 1985
Property Description
INVESTMENT Property in Louisville - Each unit is 2 bedrooms/1 bath with laundry and private fenced yards. Units have been updated to include: in 2020, 2 furnaces, central AC in #724 and window units in #726, 2021 new hot water heaters in both. Unit #724 has been recently updated to include new carpet, flooring, new paint, updated bath. Exterior updates include: paint, new roof and ridge vents in 2018. Very deep lot (approx 175') and space to easily add a 2 car garage or keep as additional parking. Cap rate approximately 5%, has never been vacant, easy to rent. The seller lived in one side and rented the other until 2025. Fabulous Old Town Louisville location, easy access to regional trail system, two blocks from Community Park where you will enjoy musical events, movies in the park and a fenced dog park with pond. This is a great place to live, a few blocks from popular central downtown with an abundance of restaurants, farmer's market and activities. Lease on #726 through Dec 2026, possible buyout; tenant also open to renew lease. 1031 exchange for the seller.
Additional Information
- School District
- Boulder Valley RE 2
- Elementary School
- Louisville
- Middle School
- Louisville
- High School
- Monarch
- Basement
- None
- Lot Size
- 6,540
- Acres
- 0.15
- Taxes
- $4,486
- Tax Year
- 2025
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