Log In/Sign Up
Your email has been sent.
1331 Merl Pl 5 Unit Apartment Building $885,000 ($177,000/Unit) 6.50% Cap Rate Longmont, CO 80501
Executive Summary
Exceptional five-unit property in Longmont. Each of the five units features two bedrooms and one bathroom, offering a mix of desirable amenities: some include private backyards, others boast balconies, and one unit comes with an attached two-car garage. Ideally located near Northridge Elementary, Carr Park, and the city dog park.
Property Facts
| Price | $885,000 | Apartment Style | Low-Rise |
| Price Per Unit | $177,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.50% | Building Size | 6,411 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 5 | Year Built | 1978 |
| Property Type | Multifamily | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RMN - Residential Mixed Neighborhood district is to establish and preserve mixed-density residential neighborhoods to accommodate a variety of housing types | ||
| Price | $885,000 |
| Price Per Unit | $177,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,411 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | RMN - Residential Mixed Neighborhood district is to establish and preserve mixed-density residential neighborhoods to accommodate a variety of housing types |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Carpet
- Basement
- Deck
- Family Room
- Lawn
- Large Bedrooms
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $1,650 | 980 - 1,900 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1205273-04-007 | Improvements Assessment | $48,396 |
| Land Assessment | $20,611 | Total Assessment | $69,007 |
Property Taxes
Parcel Number
1205273-04-007
Land Assessment
$20,611
Improvements Assessment
$48,396
Total Assessment
$69,007
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
1331 Merl Pl