938 Kelly Place Longmont, CO 80501

Building Details

Year Built

1977

Listing agency RE/MAX of Boulder, Inc k***@boulderco.com Show Phone

Listed by Katie Muller · License #100081547 Show Phone

Source Exitrealty

Added: May 12 Updated: Jul 21 at 2:04AM Checked: Jul 21 at 6:12AM

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Investment Insights

Based on property information with market context.

This duplex features two separate units, each with its own garage and private backyard equipped with sprinklers. The property includes a long rental history with a combined 11 weeks of vacancy over 21 years, and the current projected combined rents are between $3,600 and $3,700 per month. Based on the seller’s figures, that projection aligns with a 6.7% cap rate at list.

Both tenants are scheduled to vacate by August 1, creating an opportunity for the next owner to re-lease, move in, or occupy either side. The 938 side includes newer floors and windows, a Nest thermostat, air conditioning, and a new water heater. The 940 side has updated can lights and switches, along with a 2020 water heater.

Key Highlights

• Two‑unit duplex built in 1977 with two garages and two private backyards with sprinklers
• Both tenants are scheduled to vacate by August 1, for a clean slate to re‑lease and/or move in
• Projected combined rents of $3,600 to $3,700 per month and a 6.7% cap rate at list

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FAQs

What type of property is this?

Duplex - Two-unit duplex offering private backyards with sprinklers and two garages, with both tenants scheduled to vacate by August 1.

Where is this duplex located?

The property is located at 938 Kelly Place Longmont, CO.

What is the asking price?

The asking price for this property is $530,000.

What are key features of this property?

This property features: Two‑unit duplex built in 1977 with two garages and two private backyards with sprinklers; Both tenants are scheduled to vacate by August 1, for a clean slate to re‑lease and/or move in; Projected combined rents of $3,600 to $3,700 per month and a 6.7% cap rate at list