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$ 900,000
Est. payment /mo
New
724 Mead ST Louisville, CO 80027
6,540 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Kimberly
MLS Listing ID IR1063078
HOA Y/N No
Year Built 1985
Lot Size 6,540 Sqft
Acres 0.15
Property Sub-Type Duplex
Property Description
INVESTMENT OPPORTUNITY in Old Town Louisville. Rare opportunity to own an income-producing duplex in the heart of Old Town Louisville-ideal for an investor or owner-occupant looking to live in one unit while generating income from the other. Each unit offers 2 bedrooms, 1 bath, private laundry, and a fenced yard. The property has a strong rental history, has never been vacant, and offers a cap rate of approximately 5%. Unit #724: Recently updated with new carpet, flooring, paint, and and bathroom. New windows are scheduled for installation in October 2026. Window AC units provide cooling. Unit #726: Features central AC and is currently leased through December 2026. Tenant may be open to a lease buyout or renewal, offering flexibility for the next owner. Property Improvements: Two new furnaces installed in 2020; new hot water heaters in both units in 2022; exterior paint, new roof and ridge vents completed in 2018. The exceptionally deep 175-foot lot provides ample parking and potential space for a future 2-car garage, subject to city approval. Fabulous location just two blocks from Community Park, featuring concerts, Movies in the Park, a fenced dog park and pond. Vibrant Old Town Louisville, with its restaurants, coffee shops, farmers market and community events, is just a few blocks away, with easy access to the regional trail system. Whether you're building your portfolio or looking for an owner-occupied investment, this property offers income potential, flexibility, and an exceptional Louisville location. 1031 tax exchange for seller.
Location
State CO
County Boulder
Zoning RES
Rooms
Basement None
Interior
Interior Features Open Floorplan
Heating Forced Air
Cooling Central Air
Appliance Dishwasher, Oven, Refrigerator
Exterior
Utilities Available Electricity Available
Waterfront Description Public
Roof Type Composition
Private Pool No
Building
Story Two
Water Public
Schools
School District Elementary: Boulder Valley Re 2, High: Boulder Valley Re 2
Others
Tax ID R0101344
Virtual Tour https://u.listvt.com/mls/252198686
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byLIV Sotheby's Intl Realty
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