Technical
Financial
Distress signals
Property profile

3043 17Th Ave Longmont, CO 80503

OFF-MARKET
Multifamily properties
Property ID
US13-1178022
7,876 SF Built 1971
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Property summary

AI-generated overview

This exceptional eight-unit multifamily investment property, located at 3043 17th Avenue in Longmont, Colorado, presents a compelling opportunity for discerning investors. Built in 1971, this well-maintained property boasts 7,876 square feet and offers all large two-bedroom units, providing substantial rental income potential. Convenient on-site storage and coin-operated laundry add to the property's appeal and enhance resident convenience. The property's strategic location in north Longmont, east of Hygiene and south of McIntosh Lake, provides residents with easy access to a wealth of retail, entertainment, and dining options. Its proximity to Downtown Longmont, Boulder, and other major employment centers ensures high occupancy rates and strong rental demand. The property benefits from excellent connectivity to major transportation arteries, including Highway 66, providing direct access to Interstate 25 and scenic routes to Lyons and Estes Park. A significant advantage is the availability of a loan assumption for qualified buyers, featuring a fixed interest rate of 3.77% until June 2030, subject to Freddie Mac Borrower Requirements. This attractive financing option, coupled with the property's desirable unit mix and coveted location, positions this investment for strong returns, capital appreciation, and long-term stability, further enhanced by Longmont's continued growth fueled by Boulder County's expansion. This is a rare opportunity to acquire a well-positioned multifamily asset with significant upside potential.

Property profile

Verified
Property type Multifamily properties
Year built 1971
Total area 7,876 SF
UPID US13-1178022

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store

Location

3043 17Th Ave Longmont, CO 80503
Longmont metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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