1637 Kimbark St Longmont, CO 80501
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8-Unit Apartment Building, High ROI
Property size:
4,620 SFProperty 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
Listing Agent: Brandon Kaufman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
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.
