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Courtyard Apartments 1013 Main St 22 Unit Apartment Building $4,499,000 ($204,500/Unit) 5.60% Cap Rate Longmont, CO 80501
Investment Highlights
- Prime Redevelopment Opportunity
- High Visibility Location
Executive Summary
Assumable Freddie Mac AAA Gold financing 4.25%.
Unlock the potential of this prime downtown Longmont property! Situated on Main Street in the heart of a thriving corridor, this 0.29-acre site currently hosts a 22-unit multifamily building, offering immediate cash flow and significant value-add opportunities. With zoning that supports higher density and mixed-use possibilities, this property is ideal for developers seeking infill projects or investors looking to reposition for market-rate or affordable housing.
Longmont’s strong demographics, walkable downtown, and proximity to Boulder make this an exceptional redevelopment play. Whether you envision modern apartments, a boutique mixed-use concept, or enhanced multifamily, 1013 Main St delivers location, visibility, and upside in one of Colorado’s fastest-growing communities.
Unlock the potential of this prime downtown Longmont property! Situated on Main Street in the heart of a thriving corridor, this 0.29-acre site currently hosts a 22-unit multifamily building, offering immediate cash flow and significant value-add opportunities. With zoning that supports higher density and mixed-use possibilities, this property is ideal for developers seeking infill projects or investors looking to reposition for market-rate or affordable housing.
Longmont’s strong demographics, walkable downtown, and proximity to Boulder make this an exceptional redevelopment play. Whether you envision modern apartments, a boutique mixed-use concept, or enhanced multifamily, 1013 Main St delivers location, visibility, and upside in one of Colorado’s fastest-growing communities.
Property Facts
| Price | $4,499,000 | Apartment Style | Low-Rise |
| Price Per Unit | $204,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.60% | Building Size | 6,248 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| No. Units | 22 | Year Built/Renovated | 1954/2017 |
| Property Type | Multifamily | Parking Ratio | 2.08/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MU-C - 1125 - Multi-Unit (9+) | ||
| Price | $4,499,000 |
| Price Per Unit | $204,500 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Sale Condition | Redevelopment Project |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 6,248 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2017 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | MU-C - 1125 - Multi-Unit (9+) |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Laundry Facilities
- Gated
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | - | 300 - 450 |
| 1+1 | 3 | - | 500 - 1,100 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1205343-22-011 | Improvements Assessment | $132,675 |
| Land Assessment | $16,506 | Total Assessment | $149,181 |
Property Taxes
Parcel Number
1205343-22-011
Land Assessment
$16,506
Improvements Assessment
$132,675
Total Assessment
$149,181
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Presented by
Staron Commercial Ltd
Courtyard Apartments | 1013 Main St
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