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3035 17th Ave 3035 17th Ave 8 Unit Apartment Building $2,914,401 CAD ($364,300 CAD/Unit) 6.08% Cap Rate Longmont, CO 80503
Investment Highlights
- Fully renovated - turnkey property
- Individually metered for gas & electric
- High quality tenant base with all units leased at $1,800+
- Townhome product with private back patios
- New roofs and updated heating systems
- No major CapEx required
Executive Summary
3035 17th Avenue in Longmont, Colorado is a fully renovated, eight-unit townhome investment opportunity located in a quiet residential pocket of Boulder County. The property has undergone significant capital improvements, with all major mechanical systems and high-cost items being upgraded including new roofs, windows, exterior finishes, electrical panels, HVAC systems, and water heaters.
Each unit has been entirely renovated with modern interiors, have private back patios, and in-unit laundry. This product type attracts high-quality tenants and typically experiences longer average tenancy compared to traditional apartment communities, appealing to families and business professionals alike.
This asset is within close proximity to schools of all levels, major parks, McIntosh Lake, Main Street retail, and local golf courses. The property is currently cash flowing with additional upside through continued rent growth, without the need for significant future capital improvements.
Each unit has been entirely renovated with modern interiors, have private back patios, and in-unit laundry. This product type attracts high-quality tenants and typically experiences longer average tenancy compared to traditional apartment communities, appealing to families and business professionals alike.
This asset is within close proximity to schools of all levels, major parks, McIntosh Lake, Main Street retail, and local golf courses. The property is currently cash flowing with additional upside through continued rent growth, without the need for significant future capital improvements.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,914,401 CAD | Building Class | B |
| Price Per Unit | $364,300 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 6,912 SF |
| Cap Rate | 6.08% | No. Stories | 2 |
| No. Units | 8 | Year Built | 1975 |
| Property Type | Multifamily | Parking Ratio | 2.89/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-MF | ||
| Price | $2,914,401 CAD |
| Price Per Unit | $364,300 CAD |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 6,912 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 2.89/1,000 SF |
| Zoning | R-MF |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Kitchen
- Oven
- Stainless Steel Appliances
- Pantry
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $2,498 CAD | 874 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1205-32-2-03-013 | Total Assessment | $165,906 CAD |
| Land Assessment | $19,730 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $146,177 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1205-32-2-03-013
Land Assessment
$19,730 CAD
Improvements Assessment
$146,177 CAD
Total Assessment
$165,906 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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