1120 3Rd Ave Longmont, CO 80501

This ten-unit property is located in Longmont, Colorado, a city that has experienced consistent growth in population, household income, and property values over the past decade. Longmont is recognized as one of Colorado's safest cities, offering over 1,500 acres of parks and open space. The city's economy is supported by high-tech companies, a craft brewing industry, and various recreational and travel-related businesses. The property is within walking distance of South Main Station, Main Street shops, restaurants, and entertainment venues. Six of the units have been newly renovated and are achieving top market value. There is a value-add opportunity through renovating the remaining four units and increasing rents to market rates. Each unit features unique art studio layouts. The property has updated plumbing with individual water shut-offs for each unit, a new sewer line, and a clean out. The property is individually metered for electric. The location provides convenient access to the mountains, a short drive to Downtown Boulder, and is approximately 30 miles from Rocky Mountain National Park. Future light rail stations along the Northwest Rail Corridor, or RTD B Line, will provide the ability to easily commute throughout the Denver Metro Area.