Twenty on Merritt 5005-5185 Merritt Dr 20 Unit Apartment Building For Sale Boulder, CO 80303

Twenty on Merritt presents a rare opportunity to acquire a fully renovated, income-producing multifamily micro
community in the heart of East Boulder. Comprised of 20 units located at 5005–5185 Merritt Drive, the property
offers investors the benefit of stabilized in-place income combined with the long-term flexibility and value creation
potential associated with separate legal parcels.
The community consists entirely of modernized three-bedroom, one-and-a-half-bath residences, each with a
private entrance, gated landscaped yard, open-concept floorplan, dedicated storage, and two parking spaces.
Several units are configured in patio-home style layouts with larger private outdoor areas, creating a unique
neighborhood feel rarely found in traditional apartment communities.
A comprehensive renovation completed in 2016 modernized both the interiors and major building systems,
including exterior improvements, windows, HVAC systems, kitchens, bathrooms, flooring, cabinetry, and
appliances. The property is SmartRegs compliant, licensed by the city of Boulder, and has maintained exceptional
occupancy with historically low turnover and strong tenant retention.
Twenty on Merritt is currently 100% leased with tenants already beginning to prelease upcoming terms, reflecting
the continued demand for quality workforce and graduate-student-oriented housing in Boulder’s supply
constrained rental market.
The property’s structure creates a compelling long-term investment angle, offering potential future flexibility for
individual disposition or condominium conversion, subject to City approvals and buyer diligence.