Longmont Nine Pack Multi-Family FOR SALE


Longmont, CO
$6,585,000 USD
303-590-4537
, Longmont, CO for Sale
$6,585,000 USD
Multi-Family - FOR SALE
1/17
null | Request Cap Rate

Longmont Nine Pack
Longmont, CO


HIGHLIGHTS

  • Strong In-Place Income
  • Value-Add Potential
  • Strategic Location Coverage
  • Attractive Unit Mix
  • Excellent Market Fundamentals

OVERVIEW

The Longmont Nine Pack is a unique opportunity to acquire 23 residential units divided over nine well-located assets in Longmont, none of which are more than 2 mile apart from each other. Comprised of a diverse unit mix of two-, three-, and four-bedroom floorplans, the portfolio offers strong in-place income. Current gross annual rents exceed $566,700, with an average rent per unit ranging from $1,500 to $2,635 depending on unit size. Portfolio Details: 2229 Collyer St - (8) 2 BDR | 1BA 2444,2446 Scott Ct - (2) 4 BDR | 2 BA 1402,1404 Terry St - (1) 3BDR | 2BA , (1) 3BDR | 2.5 BA 321,323 10th Ave - (1) 2 BDR | 1 BA 1345,1347 Emery St - (2) 3 BDR | 1.5 BA 2114,2116 Dexter Dr - (2) 2 BDR | 1 BA 1735,1737 Duchess Dr - (2) 2 BDR | 1 BA 1734,1736 Princess Dr - (2) 2 BDR | 1 BA 1136 Bross St - (1) 4 BDR | 2 BA Value-Add Potential: Most units have been renovated, providing a major loss-to-lease opportunity to increase cash flow without major capital expenditure. Remaining Units can be renovated, offering the next owner the ability to implement a light-to-moderate renovation program and realize significant rent premiums. Strategic Location Coverage: The portfolio delivers instant scale across seven well-located properties situated on quiet residential streets in Longmont—Princess Dr, Duchess Dr, Dexter Dr, Scott Ct, 10th Ave, Terry St, and Emery St—placing all 23 units within walkable proximity to parks, schools, and major employment corridors. Attractive Unit Mix: The portfolio features a mix of 2-bedroom, 3-bedroom, and 4-bedroom units, catering to both small families and workforce housing demand in a tight Longmont rental market. Market Fundamentals: Longmont benefits from strong tenant demand, limited new multifamily supply, and growing pressure on housing affordability, positioning this portfolio as a compelling rental alternative to home ownership.

ASK ABOUT THIS PROPERTY

Clayton PrimmMarcus & MillichapMore Info
303-590-4537

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

Clayton PrimmMarcus & MillichapMore Info
303-590-4537

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