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303-578-8706
Colorado Homes & Living
1351 Sumner St, Longmont, CO 80501
- $850,000
Courtesy of Modus Real Estate . 3039744717
- List Price
- $850,000
- Type
- Multifamily
- Status
- ACTIVE
- MLS Number
- IR1070127
- Subdivision
- Yeager West Point 2
- Year Built
- 1985
Property Description
MODUS Commercial Real Estate is pleased to present1351 Sumner Street, a four-unit multifamily investmentopportunity on a corner lot at 14th Avenue and SumnerStreet in central Longmont - one of Colorado's mostdesirable secondary markets.The asset consists of four identical two-bedroom /one-bath units of approximately 950 square feet each.Units are in excellent condition, with in-unit washersand dryers, air conditioning, furnaces and individualwater heaters.Gas and electric are separately metered, and theproperty includes six off-street parking spaces thisasset provides a low-maintenance operating profilefor an incoming owner.The property has shown a history of strong occupancyrenting at $1,600 per month. To deliver the building fullyleased to a new owner, all four units are currentlyleased month-to-month at $1,500. This gives a buyerimmediate upside: moving rents to the proven $1,600market rate upon takeover, adding $4,800 in annualincome with no capital investment required.
Additional Information
- School District
- St. Vrain Valley RE-1J
- Elementary School
- Mountain View
- Middle School
- Longs Peak
- High School
- Longmont
- Basement
- None
- Lot Size
- 7,253
- Acres
- 0.17
- Taxes
- $5,510
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