1701 Warren Ave - Apartments FOR SALE


Longmont, CO 80501
$1,150,000 USD
303-909-2900
1701 Warren Ave, Longmont, CO for Sale
$1,150,000 USD
Apartments - FOR SALE
1/15
null | 5.39% Cap Rate

1701 Warren Ave
Longmont, CO 80501


HIGHLIGHTS

  • One-bedroom thoughtfully converted from an original two-bedroom to add a communal laundry room.
  • Value-add flexibility: the one-bedroom can be converted back to a two-bedroom using the existing washer/dryer space, with in-unit washers and dryers.
  • Six carports with additional storage.
  • Off-street parking.
  • Well maintained by long-term tenants — a well-run, stable community.
  • Walkable location near parks, a golf course, fitness, coffee, and everyday retail.

OVERVIEW

MODUS Commercial Real Estate is pleased to present 1701 Warren Avenue, a six-unit multifamily investment opportunity located in the heart of Longmont — one of Colorado's most desirable secondary markets. The property sits within walking distance of parks, a golf course, fitness, coffee, and everyday retail, offering residents exceptional convenience and access to the amenities that drive sustained renter demand. The asset consists of six oversized units — five two-bedroom / one-bath homes at approximately 830 square feet and one one-bedroom / one-bath at approximately 700 square feet. Residents benefit from six carports with additional storage, off-street parking allocated at two spaces per unit, and large private balconies on four of the six units. Well maintained by long-term tenants, the property operates as a stable, well-run community. The most compelling element of this asset is the clear, near-term value-add strategy embedded in the current rent roll — several units sit well below market, giving an incoming investor an immediate path to meaningfully grow NOI as rents are brought to market. M

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

5.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,756 SF

ZONING

R-3, Longmont

APN/PARCEL ID

1205334-39-001

ASK ABOUT THIS PROPERTY

Nik MacCarterMODUS Real EstateMore Info
303-909-2900

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Nik MacCarterMODUS Real EstateMore Info
303-909-2900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.