2107 3rd Ave - Apartments FOR SALE


Longmont, CO 80501
$720,000 USD
720-839-1673
2107 3rd Ave, Longmont, CO for Sale
$720,000 USD
Apartments - FOR SALE
1/50
null | 6.41% Cap Rate

2107 3rd Ave
Longmont, CO 80501


OVERVIEW

Welcome to this rare Boulder County Triplex / Multifamily Investment Property. This property is a fully leased/stabilized turnkey asset. Each unit includes two bedrooms, one bath, washer/dryer hookups, and an external storage locker. 2 of the 3 have their own fenced backyards and with a little investment the third could as well. All units are individually metered for utilities (except water). Currently water is an owner/landlord paid line item. Owners have been diligent with their investment. In the last 5 years, they have spent an estimated $50-60k in repairs / upgrades, secured the necessary rental licensing, and have kept up on rental increases/rates (Rent numbers are actual and not projections.) and have enjoyed virtually zero vacancies during their ownership. This property is ideally situated in Longmont close to downtown and to all your daily conveniences (Multiple bus routes, King Soopers, Whole Foods, Home Depot, Target, Left Hand Brewery, St. Vrain Greenway, etc.). The adjacent vacant parcel, 0 3rd Avenue, is also for sale. Reach out to broker for more info. Combine these two to add an additional unit and/or detached garages

FOR SALE DETAILS

PRICE

$720,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

3

PRICE/UNIT

$240,000

CAP RATE

6.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Longmont (Boulder County) Tri-Plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

SFR

APN/PARCEL ID

1315043-06-002

ASK ABOUT THIS PROPERTY

Brad PickelsColdwell Banker RealtyMore Info
720-839-1673

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Brad PickelsColdwell Banker RealtyMore Info
720-839-1673

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.