3035 17th Ave
Turnkey 8-Unit Townhome-Style Apartments | 6.41% Cap
Marketing description
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.
This asset is within close proximity to schools of all levels, major parks, McIntosh Lake, Main Street retail, and local golf courses. The property is currently cash flowing with additional upside through continued rent growth, without the need for significant future capital improvements.
County: Boulder
Year Built: 1975
# Buildings: 2
# Stories: 2
Total Units: 8
Construction: Brick
Roof Type: Pitched
Gross Building SF: 6,912
Lot SF: 11,659
Parking: Surface | 20 Spaces
Water/Sewer: Master
Electric/Gas: Individual
Zoning: R-MF
Investment highlights
HIGHLIGHTS
- 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
UNIT AMENITIES
- High-end cosmetic upgrades
- New lighting, paint, and flooring
- In-unit laundry and owner owned
- Two-story layout with bathroom on the main floor
COMMUNITY AMENITIES
- Private fenced yards with decks
- Off-street parking
- Quick access to I-25
- Nearby lake, parks, golf course, and retail
- Updated exterior cosmetics
LOCATION HIGHLIGHTS
- Located in Boulder County - City of Longmont
- Walkable to Mcintosh Lake
- In a quiet residential, northern area of Longmont
- 5-minute drive to Main Street restaurants and shops
- Close proximity to prominent Longmont elementary, middle, and high schools
- Nearby parks and golf courses
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