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$ 850,000
Est. payment | /mo
7,253 Sqft Lot
$ 850,000
Est. payment | /mo
7,253 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision Yeager West Point 2
MLS Listing ID IR1070127
HOA Y/N No
Year Built 1985
Lot Size 7,253 Sqft
Acres 0.17
Property Sub-Type Quadruplex
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.
Location
State CO
County Boulder
Zoning R3
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Exterior
Utilities Available Natural Gas Available
Waterfront Description Public
Roof Type Composition
Private Pool No
Building
Story Two
Water Public
Schools
School District Elementary: St. Vrain Valley Re-1J, High: St. Vrain Valley Re-1J
Others
Tax ID R0047715
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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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