724 Mead St, Louisville, CO 80027

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.