Longmont, CO 80501 1011 Hover St A-D
$699,000
2 more
Presented By: Prestigio Real Estate; 3038982589
Beds • 4
Baths • 4
SQFT • 1,868
Home Details
Investment-Grade Fourplex - Fully Renovated in West Longmont. Turnkey opportunity in the heart of Longmont: this fully remodeled fourplex offers four stylish units in a desirable westside location near shopping, parks, and commuter routes. Each unit is thoughtfully updated with contemporary finishes, new flooring, modern kitchens, and refreshed bathrooms, delivering immediate rent-ready appeal. Positioned in the established Sunburst neighborhood, this low-maintenance asset features private entrances, off-street parking, separate electric meters, and a brand-new sewer line (2023). All units are currently leased, producing reliable income with room for upside on future rent adjustments. This property makes an excellent addition to any portfolio or 1031 exchange. Strong Longmont rental demand, easy access to Boulder County employment centers, and a fully renovated product make this a rare find at this price point.
Presented By: Prestigio Real Estate; 3038982589
Interior Features for 1011 Hover St A-D
Bedrooms
Total Bedrooms4
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
BasementNone
Fireplace Y/NNo
Heating Y/NYes
General for 1011 Hover St A-D
Architectural StyleContemporary/Modern
Attached Garage No
Cap Rate6.94
CityLongmont
Construction MaterialsWood/Frame
CountyBoulder
ElectricElectric, Longmont
Elementary SchoolLongmont Estates
ExclusionsTenant's Personal Property
Garage Y/NNo
Gross Income55008
HOANo
HeatingBaseboard
High SchoolLongmont
High School DistrictST Vrain Dist RE 1J
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet7359
Lot Size UnitsSquare Feet
MLS AreaLongmont
Middle/Junior High SchoolWestview
Net Operating Income48552
New ConstructionNo
Number Of Units Total4
Operating Expense6456
Possible UseMulti-Family
Property Attached Y/NYes
Property ConditionNot New, Previously Owned
Property SubtypeAttached Dwelling
Property TypeResidential Income
RoofFlat
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Stories2
Structure TypeLegal Conforming
Subdivision NameSunburst
Tax Annual Amount3830
Tax Year2023
Tenant PaysDeposit, Electricity
Unit NumberA-D
UtilitiesElectricity Available
ViewCity
Year Built1980
ZoningMulti-Res
Exterior for 1011 Hover St A-D
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Level
Lot Size Acres0.17
Lot Size Area7359
Other ParkingParking Per Unit(1 Space/Unit)
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Longmont
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Longmont High School
Elementary School
Longmont Estates
Middle School
Westview Middle School
