1351 Sumner St, Longmont, CO 80501

$850,000

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List Price: $850,000
Type: Multifamily
Property Sub Type: Quadruplex
Status: PENDING
MLS Number: IR1070127
Year Built: 1985

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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.

(303) 522-8226

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Additional Information

Lot Size Acres: 0.17
Lot Size Sq Ft: 7,253
Tax Amount: $5,510
Water Source: Public
Basement Type: None
Heating: Forced Air
Cooling: Central Air
School District: St. Vrain Valley RE-1J
Elementary School: Mountain View
Middle Or Junior School: Longs Peak
High School: Longmont