Owner put in $70k over last 3 years. 7% cap rate. Great cash flow! Easy to rent! Quick walk to downtown Longmont and Main Street. Positive change in neighborhood demographic with rents frequently increasing. Turn-key property. Just buy and sit on checks! Faces Lanyon Park with baseball diamond, mature trees, walking paths, and playground. Plenty of parking behind the building for tenants. 4 2-story units each with 2 bd/1.5 ba. Two units have recently updated bathrooms. New roof. 100% occupied.
Off market
$967,200
303 Emery Dr, Longmont, CO 80501
8beds
8baths
4,000sqft
Attached Dwelling, Multi Family
Built in 1971
-- sqft lot
$967,200 Zestimate®
$242/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 31, 2024 at 01:59pm
Listed by:
David Janis 303-449-5000,
Coldwell Banker Realty-Boulder
Bought with:
Beau Burris
Source: IRES,MLS#: 813846
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Baseboard
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Range/Oven, Dishwasher, Refrigerator
Features
- Basement: None
Interior area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
Property
Parking
- Details: Parking Per Unit(2 Spaces/Unit)
Features
- Levels: Two
- Stories: 2
- Fencing: Wood
Lot
- Size: 0.28 Acres
- Features: Curbs, Sidewalks, Corner Lot, Within City Limits
Details
- Parcel number: R0043675
- Zoning: X
- Special conditions: Private Owner
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Attached Dwelling, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Composition
Condition
- Not New, Previously Owned
- New construction: No
- Year built: 1971
Details
- Builder name: Money Maker
Utilities & green energy
- Water: City Water, City of Longmont
- Utilities for property: None
Community & neighborhood
Location
- Region: Longmont
- Subdivision: Western Meadows 1
HOA & financial
Other financial information
- Total actual rent: 4880
Other
Other facts
- Income includes: Lease/Rents
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved, Asphalt
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Estimated market value
$967,200