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Vantage Apartments Acquired for $3,300,000; 24 Units Sold in Longmont, Colorado

Posted by Unique News Team on September 27, 2017
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Longmont, CO (September 27, 2017) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of a 24-unit multifamily asset located at 26 Emery Way in Longmont, Colorado. The Property sold for $3,300,000 or $137,500 per unit and closed on September 18, 2017.

 

Vantage Apartments, constructed in 1970, consists of three buildings and a .26-acre land parcel. The property features a center courtyard, well maintained landscaping, ample parking and the potential to add additional units. Vantage Apartments consists of twenty-four (24) two-bedroom units averaging 765 square feet. The property is ideally located one block from Main Street and five minutes from iconic downtown Longmont. The buyer intends to update the units and raise rents to market rates.

 

To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Phil Dankner at pdankner@uniqueprop.com  or 303.645.4796.

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