832 S Bowen St Longmont, CO 80501
- Commercial real estate
- 3,186 SF
Current Use by Public Records
- Commercial real estate
Property Details for 832 S Bowen St
- Year built
- 1969
- Property size
- 3,186 SF
- Property type
- Commercial real estate
Description
This exceptional 4-unit apartment building presents a compelling investment opportunity in Longmont, Colorado. Located at 832 S Bowen St, this two-story property boasts 3,186 square feet on a 5,890 square foot lot and was built in 1969. The building offers a strong 6.80% capitalization rate, generating a net operating income (NOI) of $58,920 with an asking price of $867,000. The property features eight parking spaces and two convenient storage sheds. Each of the three 2-bedroom, 1-bathroom units and the single 1-bedroom, 1-bathroom unit includes a refrigerator and stove. Hot water heat is provided throughout the building, and a shared laundry room is available for tenant use. Long-term tenants are currently in place, contributing to the property's consistent cash flow. The owner currently covers water and sewer expenses. This property offers a solid return on investment with potential for future appreciation in a desirable Colorado location. Serious inquiries only. Please do not access the property without prior authorization.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Longmont
- County
- Boulder
- State
- Colorado
- Longitude
- -105.1116667
- Latitude
- 40.1490861
