15 3rd Avenue
Longmont, CO 80501 ·
94 Units · Multifamily For Sale
|No. Units||94||Property Use Type||Investment|
|Building Size||67,820 SF||Cap Rate||5.69%|
|Property Type||Multifamily||Year Built||1984|
|Listing ID: 14317316||Date Created: 08/26/2005||Last Updated: 12/27/2005|
The Cannery Apartments, a historic garden multifamily community, located at 15 3rd Avenue in the city of Longmont, Colorado. The Cannery consists of 94 units in three buildings. The Cannery Warehouse building was converted to apartments in 1984 and houses 59 units. Two additional buildings were constructed in 1984 consisting of 35 units. The Cannery is a very unique building that consistently stays occupied. The Cannery appeals to a segment of the population who like an urban artistic. This is an opportunity to acquire the most unique apartment building in all of Longmont.
Nested in the heart of the Rocky Mountains, Boulder County has a special beauty complemented by successful companies and rich cultural amenities. Boulder County has a dynamic economy supported by a variety of business types: aerospace, scientific and research firms, to computer and software developments. This Metro Denver county has the nation's highest concentration of software, computer technology, and phonotics companies. The County also has the nation's highest concentration of advanced technology employees. Companies such as Ball Aerospace, IBM, and Storage Technology are located in Boulder County.
- Attractive, diverse unit mix
- Peaceful setting with mature landscaping
- National register of historic buildings
- Possible condo conversion
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