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1351 Sumner St

Longmont CO 80501

6
3876 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

6 carspaces
6 garage spaces
3876 sq. ft. floor area
Other

Property history for 1351 Sumner St

2018
Sold
$770,000
07 Dec 2018 by Vonnie Falce, of RE/MAX Traditions, Inc.
2012
Sold
$363,000
29 Jun 2012 by Ken Kanemoto, of Prudential Rky Mtn Realtors Lg

Happy sellers in Longmont

87%
87% of sellers in Longmont reported that their sale price either exceeded or met their price expectations.

Longmont stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Longmont over the last 12 months.

Local market activity for other properties in Longmont

In the last 12 months, 48 other properties similar to 1351 Sumner St, have been sold.

This represents a 62% increase in other properties sales when compared to the previous 12 months.

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