Move-In Ready Investment Duplex

345-347 Colony Place, Longmont, CO 80501

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For Sale

$619,900

Duplex in a desirable location with strong investment potential.

Type:Multi Family

Property size:

3,584 SF

Price / SF:

$172/SF

HighLights

Prime location in a highly desirable neighborhood with convenient access to city amenities, schools, parks, and essential services.
Largely move‑in ready condition, offering a hands‑off investment experience.
Duplex with legal zoning, providing flexibility for rental income or owner occupancy.
Reliable tenants in place, ensuring immediate cash flow.
Strong investment potential with the promise of future appreciation in a rapidly developing area.
Classic design with well‑designed layouts in both units.

We can help!

Contact an agent

Shelby Sampson

Learn more

For Sale

$619,900

Duplex in a desirable location with strong investment potential.

Type:Multi Family

Property size:

3,584 SF

Price / SF:

$172/SF

Added:: Nov 8, 2024
Days on Market:: 605
Last Refresh:: May 20 at 12:27 am

Property Features for 345-347 Colony Place

General Information

Standard status: Active
Size: 3,584 SF
Property subtype: Multi Family

Building Details

Year Built: 1978

We can help!

Contact an agent

Shelby Sampson

Listing office The Agency - Denver

Listing date Nov 8, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Agency - Denver

HighLights

Prime location in a highly desirable neighborhood with convenient access to city amenities, schools, parks, and essential services.
Largely move‑in ready condition, offering a hands‑off investment experience.
Duplex with legal zoning, providing flexibility for rental income or owner occupancy.
Reliable tenants in place, ensuring immediate cash flow.
Strong investment potential with the promise of future appreciation in a rapidly developing area.
Classic design with well‑designed layouts in both units.

Overview

This duplex presents an investment opportunity in a developing area. The property is largely move-in ready. Located in a desirable neighborhood, it offers access to city amenities, schools, parks, and essential services. The property features a classic design and legal zoning. Both units have well-designed layouts and reliable tenants. The duplex offers flexibility and investment potential, suitable for steady rental income or owner-occupancy with rental income. It offers immediate cash flow and future appreciation.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$62.4k	$17.40
− Vacancy	−$3.4k	−$0.96
EGI	$58.9k	$16.44
− OpEx	−$17.7k	−$4.93
NOI	$41.2k	$11.51

3,584 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$589.3K

$515.6K – $687.5K (±1% cap)

NOI $41,248 @ 7.0% cap · market cap 6.65%

Second Best

Apartment 5plus

$541.1K

$473.5K – $631.3K (±1% cap)

NOI $37,880 @ 7.0% cap · market cap 6.11%

Theoretical Best

Office B

$653.2K

$571.5K – $762.1K (±1% cap)

NOI $45,723 @ 7.0% cap · market cap 7.38%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Longmont
County: Weld
State: Colorado
Longitude: -105.0997683
Latitude: 40.1795022

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For sale
Duplexes
CO
Longmont
80501
345-347 Colony Place

What type of property is this?

Duplex - Duplex in a desirable location with strong investment potential.

Where is this duplex located?

The property is located at 345-347 Colony Place Longmont, CO.

What is the asking price?

The asking price for this property is $619,900.

What are key features of this property?

This property features: Prime location in a highly desirable neighborhood with convenient access to city amenities, schools, parks, and essential services.; Largely move‑in ready condition, offering a hands‑off investment experience.; Duplex with legal zoning, providing flexibility for rental income or owner occupancy.