$475,000
●
Multifamily -
Off Market
1663 Venice Lane
Longmont, CO 80503
2 Beds
3 Baths,
1
Half Bath
1,703 Ft²
$503,059
RealtyHop Estimate
5.93%
Since Dec 1, 2021
CO-Denver
Primary Model
About This Property
Spacious SW Longmont townhome with attached 2-car garage!
This location is close to trails and open space and offers
easy access throughout the front range and Boulder area and makes a
great choice as owner occupied or investment property.
Comfortable floorplan with living area offering east facing
deck overlooking front entry, large kitchen and dining area.
Upper level offers large master suite with its own bath plus
secondary bedroom and loft/study area with nice back range views.
Great storage area accessed from 2-car attached garage.
A wonderful value in a sought-after part of town, ready for
immediate occupancy.
Unit Size
1,703 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$279
Property Type
Multifamily
Property Taxes
$246
HOA Dues
$266
Year Built
2011
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (REcolorado MLS #RECIR953240)
Price History
Property Highlights
Garage
Air Conditioning
Parking Details
Total Number of Parking: 2
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Eat-in Kitchen, Kitchen Island, Pantry, Smart Thermostat, Walk-In Closet(s)
Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Flooring Type: Vinyl, Wood
Basement: None
Exterior Details
Property Type: Residential
Property Sub Type: Multi-Family
Year Built: 2011
Levels: Two
Structure Type: Townhouse
Building Area Total: 1703
Construction Methods: Stone, Wood Frame
Roof: Composition
Lot Size Acres: 0.03
Lot Size Square Feet: 1393
Water Source: Public
Financial Details
Tax Year: 2020
Tax Annual Amount: $2,950
Utilities Details
Cooling: Central Air
Heating: Forced Air
Sewer : Public Sewer
Location Details
Directions: Airport Rd north from Diagonal Hwy, west on Venice Ln to property on left
County or Parish: Boulder
Other Details
Association Fee Includes: Reserves, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Water
Association Fee: $225
Association Fee Freq: Monthly
Association Fee2: $123
Association Fee2 Freq: Quarterly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/28/2022
| |
2 Bed
|
3 Bath
|
1703 ft²
|
$499,000
2 Bed
3 Bath
1703 ft²
|
$505,000
+1.20%
12/05/2022
|
Maria Scroggs
Slifer Smith & Frampton-Lsvl
|
|
10/14/2021
| |
2 Bed
|
3 Bath
|
1703 ft²
|
$474,900
2 Bed
3 Bath
1703 ft²
|
$475,000
+0.02%
11/10/2021
|
Tom Cohen
RE/MAX of Boulder, Inc
|
|
10/03/2014
| |
2 Bed
|
3 Bath
|
1643 ft²
|
$255,000
2 Bed
3 Bath
1643 ft²
|
$255,000
11/03/2014
|
Diane Stow
RE/MAX Alliance-Longmont
|
Building Info
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