Description
OPPORTUNITY ZONE!!! Unique opportunity to purchase the Historic Hamm House in Old Town Longmont. Designated a Historic Landmark in 1980, this substantial two-story brick home was built by Charles H. Wessel in 1906. Later converted into multiple small offices, this building now contains over 2,100 rentable square feet that are occupied by longstanding tenants that include Colorado Wheelchair, Wildflower Acupuncture, and Aspen Counseling Group. Offices range in size from 92 square feet to 499 square feet and there is currently only one vacancy. Includes 7 parking spaces.Tenants pay all operating expenses, including utilities, which are prorated. This investment is being sold with a Seller subsidized 7% capitalization rate for 12 months after Closing to allow for an investor to stabilize leases. An approximately $68,900 credit will be provided at Closing.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
OPPORTUNITY ZONE!!! Unique opportunity to purchase the Historic Hamm House in Old Town Longmont. Designated a Historic Landmark in 1980, this substantial two-story brick home was built by Charles H. Wessel in 1906. Later converted into multiple small offices, this building now contains over 2,100 rentable square feet that are occupied by longstanding tenants that include Colorado Wheelchair, Wildflower Acupuncture, and Aspen Counseling Group. Offices range in size from 92 square feet to 499 square feet and there is currently only one vacancy. Includes 7 parking spaces.Tenants pay all operating expenses, including utilities, which are prorated. This investment is being sold with a Seller subsidized 7% capitalization rate for 12 months after Closing to allow for an investor to stabilize leases. An approximately $68,900 credit will be provided at Closing.
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