MMG has closed the sale of a 21,180 square foot multifamily property located at 18 Ash Court in Longmont, Colorado for the sale price of $4,650,000.
Built in 1970, this 26-unit property features townhome-style units, twenty-two of the units are 2-bed/1.5-bath and four are 3-bed/1.5-bath. Several units throughout the property have seen improvements prior ownership which includes updated kitchens, bathrooms and flooring throughout the units.
18 Ash Court is located just a few blocks from Main Street in Longmont, this asset provides tenants with accessibility to several restaurants, bars and entertainment options in town. The property is also located within walking distance to numerous parks and Longmont High School.
The buyer purchased the property with plans to significantly improve the asset. They will continue to renovate interiors of units as well as spend capital on the exterior of the property.
Transportation options available in Longmont include 30Th-Downing, located 37.8 miles from 18 Ash Court. 18 Ash Court is near Denver International, located 45.9 miles or 55 minutes away.
Boasting spectacular views of the Rocky Mountains, Longmont celebrates its beautiful natural surroundings while balancing a modern downtown and thriving city center. Several high-tech companies, an emerging arts community, and a vibrant restaurant scene all call Longmont home. Longmont is conveniently located within 30 miles of Boulder, Denver, and Rocky Mountain National Park. Longmont offers such a wide variety of amenities that there is truly something for everyone. Outdoor enthusiasts cherish access to plenty of parks, including Union Reservoir and Golden Ponds Park. History fans enjoy local gems like the Dougherty Museum and the Longmont Museum and Cultural Center.
MMG is a leading real estate advisory firm specializing in multifamily and land transactions
across the United States. With a commitment to personalized service, industry expertise, and innovative solutions, MMG partners with clients to maximize the value of their investments and achieve sustainable growth.
