Multifamily
1424 Hover Street
1424 Hover St, Longmont, CO 80501
Listing Price: $1,000,000
Investment Overview
Marcus & Millichap is pleased to present 1424 Hover Street, a five-unit multifamily community located in Longmont, Colorado. This well-maintained property provides investors with the opportunity to acquire a value-add, income-producing asset in a desirable and growing market.
Built in 1972, the townhome-style units each feature two bedrooms, one-and-a-half bathrooms, 1,100 square feet of living space, in-unit washer/dryer hookups, and detached garage parking. The property’s strategic location near major employment centers, retail corridors, and community amenities supports consistent tenant demand and strong rental fundamentals.
With approximately $15,000 of interior renovations per unit, investors can achieve a projected 6.7% yield on cost. Updated units are positioned to capture market-tested rents of $1,700–$1,750+, representing up to $500 per month of rental upside per unit.
1424 Hover Street
Investment Highlights
- Updated units are positioned to capture market-tested rents of $1,700–$1,750+, representing up to $500 per month of rental upside per unit.
- Pride of ownership asset with ample room to raise rents through a mark-to-market strategy. Additional room for improvements by providing W/D and updating units.
- Well-positioned in the blossoming community of Longmont, which provides a large portion of workforce housing to the City of Boulder thus providing strong renter demand.
Exclusively Listed By
Listing Price: $1,000,000
Investment Highlights
- Updated units are positioned to capture market-tested rents of $1,700–$1,750+, representing up to $500 per month of rental upside per unit.
- Pride of ownership asset with ample room to raise rents through a mark-to-market strategy. Additional room for improvements by providing W/D and updating units.
- Well-positioned in the blossoming community of Longmont, which provides a large portion of workforce housing to the City of Boulder thus providing strong renter demand.
Investment Overview
Marcus & Millichap is pleased to present 1424 Hover Street, a five-unit multifamily community located in Longmont, Colorado. This well-maintained property provides investors with the opportunity to acquire a value-add, income-producing asset in a desirable and growing market. Built in 1972, the townhome-style units each feature two bedrooms, one-and-a-half bathrooms, 1,100 square feet of living space, in-unit washer/dryer hookups, and detached garage parking. The property’s strategic location near major employment centers, retail corridors, and community amenities supports consistent tenant demand and strong rental fundamentals. With approximately $15,000 of interior renovations per unit, investors can achieve a projected 6.7% yield on cost. Updated units are positioned to capture market-tested rents of $1,700–$1,750+, representing up to $500 per month of rental upside per unit.
Exclusively Listed By
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