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    1637 Kimbark St Longmont, CO 80501

    Sponsored
    For Sale
    $1,400,000

    8-Unit Apartment Building, High ROI

    Property size:
    4,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8-unit apartment building in Longmont, Colorado presents a compelling investment opportunity. Located at 1637 Kimbark St, this stabilized property boasts a substantial 4,620 square feet of living space situated on a 7,623 square foot lot. Built in 1966 and extensively renovated in 2020, the property features a new roof, soffits, gutters, chiller, and exterior paint. Common areas have also been remodeled. The building comprises two stories and includes eight off-street parking spaces. The property offers a current NOI of $82,307 and a pro-forma NOI of $87,184, translating to a current cap rate of 5.88% and a pro-forma cap rate of 6.23%. The asking price is $1,400,000, or $175,000 per unit. This turnkey property is conveniently located just five minutes from downtown Longmont, offering easy access to amenities and services. The property features central boiler heating and evaporative chiller air conditioning. Water and sewer are master-metered, and gas and electric are master/individual. The construction is brick with a pitched roof. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable Colorado location.

    Property Features for 1637 Kimbark St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,620 SF

    Building Details

    Year Built/Renovated
    1966/2020
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • Turnkey property ready for immediate occupancy.
    • Five‑minute drive to Downtown Longmont.
    • Recently installed roof, soffits, and gutters.
    • New chiller system installed.
    • Common areas have been remodeled.
    • Building exterior recently repainted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Boulder
    State
    Colorado
    Longitude
    -105.10102047498
    Latitude
    40.187975721101

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Apartment Building, High ROI
    Where is this multifamily property located?
    The property is located at 1637 Kimbark St Longmont, CO.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Turnkey property ready for immediate occupancy.; Five-minute drive to Downtown Longmont.; Recently installed roof, soffits, and gutters.
    Request Owner's contact information
    1637 Kimbark St Longmont, CO 80501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1637 Kimbark St Longmont, CO 80501
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