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1618 Donovan Pl - Donovan Place 3 Unit Apartment Building Offered at $1,000,000 at a 6.33% Cap Rate Longmont, CO 80501
Investment Highlights
- Washer/dryer hook-ups in each unit
- Ability to convert middle unit to 4-bed, 2-bath unit
- Individually metered for gas and electric
- Townhome-style triplex
- GE Panels
- Seller will replace roof with closing
Executive Summary
1618-1622 Donovan Place in Old Town Longmont is a primely located triplex of townhomes. Each townhome is equipped with washer/dryer hook-ups, newer furnaces, and is individually metered for gas and electric. These units are easy to rent and cashflow! Live in one of the units and rent the others, or rent all three units and enjoy owning a quality investment property.
County: Boulder
Year Built: 1976
# Buildings: 1
# Stories: 2-3
Total Units: 3
Roof Type: Pitched
Gross Building SF: 3,494
Lot SF: 10,956
Parking Type: Off-Street
# Parking Spaces: 6 Spaces
Air Conditioning: Wall AC
Heating: Furnace
Water / Sewer: Master
Electric / Gas: Individual
County: Boulder
Year Built: 1976
# Buildings: 1
# Stories: 2-3
Total Units: 3
Roof Type: Pitched
Gross Building SF: 3,494
Lot SF: 10,956
Parking Type: Off-Street
# Parking Spaces: 6 Spaces
Air Conditioning: Wall AC
Heating: Furnace
Water / Sewer: Master
Electric / Gas: Individual
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 2 | - | 1,100 |
| 3+2 | 1 | - | 1,294 |
1 1
Property Taxes
| Parcel Number | 1315044-15-011 | Total Assessment | $50,725 |
| Land Assessment | $11,894 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $38,831 | Tax Year | 2025 |
Property Taxes
Parcel Number
1315044-15-011
Land Assessment
$11,894
Improvements Assessment
$38,831
Total Assessment
$50,725
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1618 Donovan Pl - Donovan Place
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