1886 Hover St
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| Aug 16, 2024 | Listed | $2,600,000 | |
| Listed | |||
| Feb 23, 2024 | Listed | $2,600,000 | |
| Listed | |||
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Ready-to-Build! Permit & Construction ready. This 1.37 acre infill site is fully entitled & approved for a 3-story Mixed-Use/Multi-Family building. All site-planning & engineering processes completed 2023. Building plans and architectural drawings included. Designed as a single building (32,935 SF) consisting of forty-six (46) 1-bedroom apartments, two (2) Studio apartments, and 7,000 SF of ground-floor commercial office/retail space. Plans also include on-site laundry, on-site mgmt. office, EV charging, bike storage, additional tenant storage units, & more. Currently under architectural plan-review by City of Longmont. Building not subject to restrictions by the Longmont Affordable Housing Program, a fee-in-lieu option has been approved. This NW Longmont location is ideal for multi-family housing designed with the work-force community in mind. Site amenities include: west facing mountain views, walking distance to McIntosh Lake, lot abuts greenway trails, community parks, adjacent to grocery/retail/restaurants, public transportation, a great multi-modal location. Full development packet with site & architectural plans included in sale price. All planning, program design, and concept completed by Longmont area development team who are available to consult or engage on next phase of construction or project management. Local contractor available for construction phase. This 'shovel-ready' site presents a great investment opportunity shaving 2+ years off of the planning and development process. Contact us today for additional details and information.
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| Sep 27, 2021 | Sold | ||
| Sold | |||
| Jun 30, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017