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3328 McConnell Dr 7 Unit Apartment Building $1,600,000 ($228,571/Unit) 7.89% Cap Rate Laporte, CO 80535
Executive Summary
Come and tour this rare gem investment property in tranquil LaPorte. This 7 plex overlooks a 32 ac farm to the east, views of the mountains to the west. Ride your bike to Watson Lake or quick access to the Poudre Canyon. 6 units are 3 bedroom w/ 1 car garage. Most units have 1.5 baths. The 7th unit is a 3 bedroom w/ 1.5 baths and a carport. Several long term tenants so room for rent increases in the coming years. All have separate back yards. Perfect move-up property for your 1031 exchange. Please request updated financial information from the broker.
Property Facts
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $228,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.89 AC |
| Cap Rate | 7.89% | Building Size | 8,130 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 90% |
| Gross Rent Multiplier | 11.27 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1978/2025 |
| Property Type | Multifamily | Parking Ratio | 1.84/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | M | ||
| Price | $1,600,000 |
| Price Per Unit | $228,571 |
| Sale Type | Investment |
| Cap Rate | 7.89% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.27 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 8,130 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2025 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | M |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $1,800 | - |
| 3+1 | 3 | $1,663 | - |
| 4+1 | 1 | $1,800 | - |
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Property Taxes
| Parcel Number | 98293-27-013 | Improvements Assessment | $84,688 |
| Land Assessment | $10,050 | Total Assessment | $94,738 |
Property Taxes
Parcel Number
98293-27-013
Land Assessment
$10,050
Improvements Assessment
$84,688
Total Assessment
$94,738
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3328 McConnell Dr
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