10 Birch Ct, Longmont, CO 80503

Property Description

MODUS Commercial Real Estate is pleased to present 10 Birch Court, a four-unit multifamily investment opportunity just west of Hover Street in Longmont - one of Colorado's most desirable secondary markets. The asset consists of four oversized one-bedroom / one-bath units of approximately 690 square feet each, two of which feature in-unit washers and dryers. The building is all-electric, with no gas on the property. Electric and trash are through the City of Longmont, water and sewer are included in rent, and each unit has efficient radiant floor heat with three thermostats. High-speed fiber-optic internet serves the property, which includes six off-street parking spaces. All major capital expenditures have been completed - including a 2022 roof replacement with warranty, sewer line, hot water heaters, foam insulation in the exterior walls and new gutters - giving an incoming owner a low-maintenance operating profile. Current rents range from $1,350 to $1,550, against a history of $1,550 on most units. Moving rents to the proven $1,550 as units turn adds $5,400 in annual income with no capital investment required. The cul-de-sac sees no through traffic, yet residents are minutes from the Diagonal Highway to Boulder, Sam's Club, Home Depot and Village at the Peaks.