922 Pratt St Longmont, CO 80501

Listing details for 922 Pratt St, Longmont, CO 80501 : Welcome to this charming home nestled in the sought-after Old North Longmont community, where tree-lined streets and a warm, inviting atmosphere await. The front porch greets you as you enter the sun-drenched living room, featuring beautiful wood flooring that runs throughout the main floor. The living room flows seamlessly into the kitchen, complete with stainless steel appliances, an eat-in nook, and butcher block countertops. A door off the kitchen opens to the backyard, perfect for indoor-outdoor living. The main level also offers two bright bedrooms and a full bathroom. Downstairs, the finished basement provides even more living space with a versatile bonus/flex room, a third bedroom, and a convenient laundry room. Step outside into the expansive, fully fenced yard with endless potential to make it your own. The spacious two-car detached garage offers additional storage or workspace. Plus, there’s NO HOA, and with ADU potential (see city website for specifics), you have even more options for expansion. This property is zoned R-MN (Residential Mixed Use), offering a variety of opportunities. Unlike R-SF zoning, R-MN allows for unrestricted short-term rentals per block and permits the development of attached multi-family housing. This means you can convert the property from a single-family home into a duplex or even a quad-plex, not limited to ADU rules. The property also has a proven track record as a successful short-term rental with a 5.0-star rating on Airbnb. In 2021, the last full year as a short-term rental, it generated a gross revenue of $41,222, with a net operating income (NOI) of $30,422. For long-term rental, the property was leased at $2,200 per month, with a rate negotiated in 2022. Ideally located just minutes from Longmont's vibrant dining and shopping scene on Main Street, this home truly offers the best of both worlds — a peaceful retreat with easy access to everything you need. Don't miss your chance to make this gem yours!