Fabulous Complex in Longmont
Rare Investment Opportunity In Longmont Colorado
Marketing description
Welcome to Salishan! You can be the second Owner of this complex, HOA free. Come see this wonderfully located Townie/Condo complex in Longmont. Original owners, no HOA in place. 6 Buildings, 4 units each. 24 units in total, 3 are currently vacant. All units (with the exception of unit C4) are all the same floor plan. 2 BD, 1.5 BA with outdoor patios. Most of all units have been updated. Each unit has a covered parking space and a second space located directly in front of the front door to each unit. There are separate newer swamp coolers for each unit on the roof. Each unit has a washer and dryer hook up. Seller does not provide washer and dryers. Unit C4 is 3 bedroom 2.5 bath. Separate 2 car garage on the ground for Owner storage, maintenance equipment, etc. This complex is beautifully maintained. 2 separate entrances.
Investment highlights
Fabulous investment opportunity in Longmont, Colorado. Single Owner since 1973. No HOA. Showings are by appointment only. Listing Agent can show vacant units. Profit and Loss data is from 2024. 2023-2025 are available. More years available by request. Sellers planned to sell last year so a lot went into preparing the complex for sale. 2025 also had a vacancy rate unseen in the past 20 years. Seller pays water, sewer, trash, snow removal, outdoor maintenance and lawn maintenance. Future charges for these services could be implemented. HOA can be implemented via new Owner as well. Leases are all month to month. Complex is in great shape, beautifully maintained and updated. Inspectors will be able to inspect all 24 units during inspection window.
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