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Boulder Luxury
1351 Sumner St, Longmont, CO 80501
- $850,000
- List Price
- $850,000
- Status
- PENDING
- MLS#
- 1070127
- Year Built
- 1985
- Region
- Longmont
- Subdivision
- Yeager West Point 2
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.
Additional Information
- Taxes
- $5,510
- 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
- Tenant Pays
- Gas
- Zoning
- R3
Listing courtesy of Skyler Moore.
3039744717
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Listings courtesy of Information and Real Estate Services, LLC as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.