Longmont, CO 80501 2107 3rd Ave
$695,000
34 more
Presented By: Coldwell Banker Realty-Boulder; 7208391673
Beds • 6
Baths • 3
SQFT • 2,874
Home Details
Welcome to this rare Boulder County Triplex / Multifamily Investment Property. This property is a fully leased/stabilized turnkey asset. Each unit includes two bedrooms, one bath, washer/dryer hookups, and an external storage locker. 2 of the 3 have their own fenced backyards and with a little investment the third could as well. All units are individually metered for utilities (except water). Currently water is an owner/landlord paid line item. Owners have been diligent with their investment. In the last 5 years, they have spent an estimated $50-60k in repairs / upgrades, secured the necessary rental licensing, and have kept up on rental increases/rates (Rent numbers are actual and not projections.) and have enjoyed virtually zero vacancies during their ownership. This property is ideally situated in Longmont close to downtown and to all your daily conveniences (Multiple bus routes, King Soopers, Whole Foods, Home Depot, Target, Left Hand Brewery, St. Vrain Greenway, etc.). The adjacent .35 acre vacant parcel, 0 3rd Avenue, is also included with this sale.
Presented By: Coldwell Banker Realty-Boulder; 7208391673
Interior Features for 2107 3rd Ave
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths3
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace FeaturesSingle Fireplace
Fireplace Y/NYes
Heating Y/NYes
Interior AmenitiesSatellite Avail, High Speed Internet, Outside Entry
Laundry FeaturesWasher/Dryer Hookups
Window FeaturesWindow Coverings
General for 2107 3rd Ave
AccessibilityLevel Lot
AppliancesElectric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Some Appliances, Disposal
Architectural StyleContemporary/Modern, Ranch
Attached Garage No
Cap Rate5.85
CityLongmont
Community FeaturesExtra Storage
Construction MaterialsComposition Siding
CoolingRoom Air Conditioner, Ceiling Fan(s)
CountyBoulder
ElectricElectric, Separate Meter Electricity, City Longmont
Elementary SchoolCentral
Entry LocationOutside Entry
ExclusionsTenants personal property including, but not limited to air conditioners.
Facing DirectionNorth
Garage Y/NNo
Gas Y/NNatural Gas, Separate Meter Gas, Xcel Energy
Gross Income53400
HOANo
HeatingForced Air, Individual Heat Source
High SchoolLongmont
High School DistrictST Vrain Dist RE 1J
Land Lease Y/NNo
LevelsOne
Living Area UnitsSquare Feet
Lot Size Square Feet31308
Lot Size UnitsSquare Feet
MLS AreaLongmont
Middle/Junior High SchoolWestview
Net Operating Income40659
New ConstructionNo
Number Of Units Total3
Operating Expense12741
Patio/Porch FeaturesPatio
Possible UseMulti-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Stories1
Structure TypeLegal Non-conforming
Subdivision NameJones
Tax Annual Amount3865
Tax Year2023
Tenant PaysDeposit, Gas, Electricity, Sewer
UtilitiesNatural Gas Available, Electricity Available, Cable Available
Waterfront Y/NNo
Year Built1956
ZoningRES
Exterior for 2107 3rd Ave
Exterior AmenitiesLighting
FencingPartial, Fenced, Chain Link
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Level, Within City Limits
Lot Size Acres0.72
Lot Size Area31308
Other ParkingParking Per Unit(2 Spaces/Unit)
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City Longmont
Additional Details
Price History
Schools
High School
Longmont High School
Middle School
Westview Middle School
Elementary School
Central Elementary School
