1351 Sumner St, Longmont, CO 80501
- $850,000
- 3,876
- SqFt
- List Price
- $850,000
- Status
- PENDING
- MLS#
- 8001555
- Year Built
- 1985
- Living Area
- 3,876
- Region
- Longmont
- Subdivision
- Loomiller
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.
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Additional Information
- Taxes
- $5,504
- School District
- ST Vrain Dist RE 1J
- Elementary School
- Mountain View
- Middle School
- Longs Peak
- High School
- Longmont
- Heating
- Forced Air
- Cooling
- Central Air
- Utilities
- Natural Gas Available
- Garage Spaces
- 6
Listing courtesy of John Adams.
jadams@moduscommercial.com,720-884-7650
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