1402 9th Ave Longmont, CO 80501

Listing details for 1402 9th Ave, Longmont, CO 80501 : All Remarks are per the Estate Representative / CPA: Excellent Owner Occupied Property with Proven Rental Income History. $75,000 new seller improvements made to main house and ADU cottage. There has been $2,400 of monthly rental income in the main house plus an owner-occupied unit in the main house. The separate cottage ADU hasn't been rented in about 20 years, so current rental values on a completed ADU would add an estimated $1,200-$1,400 a month. The cottage ADU has had substantial improvements and only needs a new kitchen and bathroom to prepare it for rent. The past $2,400 monthly rental income plus the estimated cottage rental income could generate $3,600-$3,800 before any rent adjustments. There is also a great owner occupied space to live there and have the house payment be almost entirely paid for or even positive cash flow with the right down payment and the right owner. New Kitchen - Main House / New VLP flooring Main House & ADU / New Sheetrock Main House & ADU / New Paint Main House & ADU / New Roof - ADU / Refinished Hard Wood floors - Main House / New wood finishes and other improvements.