3043 17th Ave - Apartments FOR SALE


Longmont, CO 80503
$2,000,000 USD
303-881-4291
3043 17th Ave, Longmont, CO for Sale
$2,000,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

3043 17th Ave
Longmont, CO 80503


HIGHLIGHTS

  • Large two-bedroom units
  • On-site coin-operated laundry
  • Desirable assumable financing available

OVERVIEW

CBRE is pleased to present 3043 17th Ave, an eight-unit multifamily investment opportunity situated in Longmont, Colorado. Built in 1971, 3043 17th Ave is a well-maintained asset in an ideal location only minutes from Downtown Longmont. The property consists of all large two-bedroom units, on-site storage, and coin-operated laundry. 3043 17th Ave is found on 17th Ave in north Longmont east of Hygiene and just south of McIntosh Lake. This location offers residents proximity to an abundance of retail and entertainment options as well as an easy commute to Downtown Longmont, Boulder, and other employment hubs. 3043 17th Ave is also situated just south of Highway 66 which provides direct connectivity to Interstate 25 to the east and Lyons and Estes Park to the west. Additionally, 3043 17th Ave features a compelling loan assumption available for qualified investors capable of meeting Freddie Mac’s Borrower Requirements. With the ability to assume better than current market financing, with an interest rate fixed at 3.77% until June of 2030, 3043 17th Ave’s attractive unit mix, coveted location, and desirable units will provide investors with quality, security, and upside as Longmont continues to receive help from Boulder County’s continued growth.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

8

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% 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

1971

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

Commercial

APN/PARCEL ID

1205322-03-014

ASK ABOUT THIS PROPERTY

303-881-4291

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303-881-4291

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