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Salishan Apartments 333 23rd Ave 24 Unit Apartment Building $6,800,000 ($283,333/Unit) 3.36% Cap Rate Longmont, CO 80501
Investment Highlights
- Incrdible Investment opportunity. Multiple possibilities with this Complex
- 23-2 BD, 1.5 BA and 1-3BD, 2.5 BA
- All Units have Back Yard
- 6 Buildings, 4 Units Each
- 48 Parking Spaces, 24 are Covered Parking Spaces
- No HOA
Executive Summary
Would you like to own an entire 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, 2 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 bath. Separate 2 car garage on the ground for Owner storage, maintenance equipment, etc. This complex is beautifully maintained. 2 separate entrances.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$375,051
|
$14.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$375,051
|
$14.47
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$146,260
|
$5.64
|
| Net Operating Income |
$228,791
|
$8.83
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $375,051 |
| Annual Per SF | $14.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $375,051 |
| Annual Per SF | $14.47 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $146,260 |
| Annual Per SF | $5.64 |
| Net Operating Income | |
|---|---|
| Annual | $228,791 |
| Annual Per SF | $8.83 |
Property Facts
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer Hookup
- Lawn
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 23 | - | 1,000 |
| 3+2.5 | 1 | - | 1,800 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1205271-09-021 | Improvements Assessment | $263,439 (2026) |
| Land Assessment | $33,857 (2026) | Total Assessment | $297,296 (2026) |
Property Taxes
Parcel Number
1205271-09-021
Land Assessment
$33,857 (2026)
Improvements Assessment
$263,439 (2026)
Total Assessment
$297,296 (2026)
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Presented by
Roberts And Sons
Salishan Apartments | 333 23rd Ave
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