Listed by Kaufman Hagan Commercial Real Estate
$1,000,000
1618-1622 Donovan Pl
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,494
Units 3
Cap Rate 6.33%
NOI $63,288
Pro-Forma Cap Rate 6.61%
Pro-Forma NOI $66,133
Price per SqFt $286
Year Built 1976
Buildings 1
Stories 3
Lot Size (SqFt) 10,956
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.72
Longmont Townhome-Style Triplex | $333,333/unit
Marketing description
1618-1622 Donovan Place in Old Town Longmont is a primely located triplex of townhomes. Each townhome is equipped with washer/dryer hook-ups, newer furnaces, and is individually metered for gas and electric. These units are easy to rent and cashflow! Live in one of the units and rent the others, or rent all three units and enjoy owning a quality investment property.
County: Boulder
Year Built: 1976
# Buildings: 1
# Stories: 2-3
Total Units: 3
Roof Type: Pitched
Gross Building SF: 3,494
Lot SF: 10,956
Parking Type: Off-Street
# Parking Spaces: 6 Spaces
Air Conditioning: Wall AC
Heating: Furnace
Water / Sewer: Master
Electric / Gas: Individual
Investment highlights
PROPERTY HIGHLIGHTS
- Washer/dryer hook-ups in each unit
- Townhome-style triplex
- Ability to convert middle unit to 4-bed, 2-bath unit
- GE Panels
- Individually metered for gas and electric
- Seller will replace roof with closing
LOCATION HIGHLIGHTS
- Located on a quiet cul-de-sac
- A part of Boulder County
- Just a 5-minute drive to downtown Longmont/Main Street
- Historic downtown is home to over 40 local shops
- Excellent location with an abundance of recreational activities
- 10-minute drive to the Vance Brand Airport
Listing Contacts
Listed by Kaufman Hagan Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,288.00
$5,274.00/mo
Valuation Metrics
0
DSCR
6.33%
Cap Rate
6.33%
ROI
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