220 9th Avenue
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 |
|---|---|---|---|
| May 1, 2024 | Listed | $1,170,000 | |
| Listed | |||
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220 9th Ave is a rare opportunity to own a historic multi-family building in the heart of Longmont. It sits on a large corner lot with a massive yard, mature trees, and gardens. The unit mix consists of (2) Studios, (2) 1 Br/1Ba, and (1) Large 2Br/1Ba units. The property offers very unique layouts, with exposed brick and tons of character, and is perfect for tenants who want to be walking
distance to all that Downtown Longmont has to offer. New developments in downtown Longmont include the South Main Station which delivers light rail, new housing, restaurants, breweries, retail, and entertainment.
Sophisticated finishes including hardwood flooring, exposed brick, updated appliances.
Renovated in 2021-2023 with luxury finishes in kitchens & bathrooms, and updated plumbing.
Off street parking available to tenants.
Community yard/patio for outdoor amenity and BBQ space.
Opportunity for owner occupant to cash flow and live rent free.
Capital improvements: roof, plumbing, water heater.
Walking distance to Main Street's entertainment, shopping and restaurants.
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| Nov 23, 2021 | Sold | ||
| Sold | |||
| Sep 16, 2021 | Listed by Kentwood RE Northern Prop Llc | $900,000 | |
| Listed by Kentwood RE Northern Prop Llc | |||
| Jul 17, 1981 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017