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$ 850,000
Est. payment | /mo
3,876 SqFt
$ 850,000
Est. payment | /mo
3,876 SqFt
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,876 sqft
Price per Sqft $219
Subdivision Loomiller
MLS Listing ID 8001555
HOA Y/N No
Year Built 1985
Property Sub-Type Quadruplex
Property Description
MODUS Commercial Real Estate is pleased to present 1351 Sumner Street, a four-unit multifamily investment opportunity on a corner lot at 14th Avenue and Sumner Street in central Longmont — one of Colorado's most desirable 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 washers and dryers, air conditioning, furnaces and individual water heaters. Gas and electric are separately metered, and the property includes six off-street parking spaces this asset provides a low-maintenance operating profile for an incoming owner. The property has shown a history of strong occupancy renting at $1,600 per month. To deliver the building fully leased to a new owner, all four units are currently leased month-to-month at $1,500. This gives a buyer immediate upside: moving rents to the proven $1,600 market rate upon takeover, adding $4,800 in annual income with no capital investment required.
Location
State CO
County Boulder
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Roof Type Composition
Private Pool No
Building
Story Two
Sewer Public Sewer
Schools
School District Elementary: St. Vrain Valley Re-1J, Middle/Junior: St. Vrain Valley Re-1J, High: St. Vrain Valley Re-1J
Others
Senior Community No
Tax ID 120533107001
Special Listing Condition None Known
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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 byMODUS Real Estate
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