3035 17th Ave - Apartments FOR SALE


Longmont, CO 80503
$2,100,000 USD
303-547-7357
3035 17th Ave, Longmont, CO for Sale
$2,100,000 USD
Apartments - FOR SALE
1/38
null | 6.08% Cap Rate

3035 17th Ave
Longmont, CO 80503


HIGHLIGHTS

  • Fully renovated - turnkey property
  • Townhome product with private back patios
  • Individually metered for gas & electric
  • New roofs and updated heating systems
  • High quality tenant base with all units leased at $1,800+
  • No major CapEx required

OVERVIEW

3035 17th Avenue in Longmont, Colorado is a fully renovated, eight-unit townhome investment opportunity located in a quiet residential pocket of Boulder County. The property has undergone significant capital improvements, with all major mechanical systems and high-cost items being upgraded including new roofs, windows, exterior finishes, electrical panels, HVAC systems, and water heaters. Each unit has been entirely renovated with modern interiors, have private back patios, and in-unit laundry. This product type attracts high-quality tenants and typically experiences longer average tenancy compared to traditional apartment communities, appealing to families and business professionals alike. This asset is within close proximity to schools of all levels, major parks, McIntosh Lake, Main Street retail, and local golf courses. The property is currently cash flowing with additional upside through continued rent growth, without the need for significant future capital improvements.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

6.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3035 17th Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,659 SF

ZONING

R-MF

APN/PARCEL ID

1205322-03-013

ASK ABOUT THIS PROPERTY

Brandon KaufmanKaufman HaganMore Info
303-547-7357

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

Brandon KaufmanKaufman HaganMore Info
303-547-7357

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