3035 17th Ave
Fully renovated eight-unit townhome portfolio in Longmont, Colorado, offered at $1,990,000 at a 6.41% cap ($127,599 NOI). All units feature modern interiors, private back patios, and in-unit laundry, with a high-quality tenant base currently leased at $1,800 per month and above. The property requires no major capital expenditures.
Built in 1975 and substantially upgraded, the two-building complex comprises eight units across two stories on an 11,659 SF lot in a quiet residential pocket of Boulder County. Major mechanical systems have been replaced, including new roofs, windows, exterior finishes, electrical panels, HVAC systems, and water heaters. Each unit is individually metered for gas and electric. The site provides 20 parking spaces and is zoned R-MF (residential multifamily).
The townhome product type attracts families and business professionals, typically generating longer average tenancy than traditional apartment communities. All units are currently leased, delivering immediate cash flow with minimal ongoing capital needs.
- Fully renovated, turnkey property with no major CapEx required
- Eight units, all leased at $1,800+/month
- Townhome product with private back patios and in-unit laundry
- New roofs, HVAC, windows, electrical panels, and water heaters
- Individually metered utilities
- 20 parking spaces on 11,659 SF lot
More property details
Location
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.
- 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