$850,000
MODUS Commercial Real Estate is pleased to present 10 Birch Court, a four-unit multifamily investment opportunity just west of Hover Street in Longmont - one of Colorado's most desirable secondary markets.
The asset consists of four oversized one-bedroom /
one-bath units of approximately 690 square feet each, two of which feature in-unit washers and dryers.
The building is all-electric, with no gas on the property.
Electric and trash are through the City of Longmont, water
and sewer are included in rent, and each unit has efficient
radiant floor heat with three thermostats. High-speed
fiber-optic internet serves the property, which includes six
off-street parking spaces.
All major capital expenditures have been completed -
including a 2022 roof replacement with warranty, sewer
line, hot water heaters, foam insulation in the exterior walls
and new gutters - giving an incoming owner a
low-maintenance operating profile.
Current rents range from $1,350 to $1,550, against a history
of $1,550 on most units. Moving rents to the proven $1,550
as units turn adds $5,400 in annual income with no
capital investment required.
The cul-de-sac sees no through traffic, yet residents are
minutes from the Diagonal Highway to Boulder, Sam's
Club, Home Depot and Village at the Peaks.
2249526
MLS
⋅
ACTIVE
Status
10 Birch Ct, Longmont
