408 Atwood St
Longmont, CO 80501

Wonderful Old Town Longmont location, walkable to all the dining, entertainment and amenities Old Town has to offer. Great Opportunity for an excellent cap rate property, many updates done, needs additional updating. Many improvements over the past 8 years: 5 basement egress windows, new roof & electrical entrance '19, new furnaces '16, 410 unit fully updated '16. Great starter investment or addition to existing portfolio, plenty of sweat equity available here. Images show only the updated unit, other 2 units show their age but are well kept by tenants. Rents Clarification: Current Actual Annual Gross Rents: $38,340; Pro-Forma Annual Gross Rents when Fully Updated: $54,000; Current Pro-Forma Annual Gross Rents: $45,600. Please do not visit, walk, enter the property or disturb current tenants (drive by only is fine). Serious buyers only please.