Luke Salazar, Vice President at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 1405 Coffman Street in Longmont, CO. The 12-unit property, comprised of (12) 2Bd/1.5Ba townhome-style units, sold on October 5th for a contract price of $1,800,000 ($150,000 per unit; $175 per square foot). Located just a block off Main Street, each unit features a private patio, a dedicated yard area, and a storage unit, along with two dedicated parking spots. The well-kept property offers stable occupancy and in-place rents below market, giving the new owner immediate rental upside in as-is condition. Additional value-add potential exists through interior renovations as units turn, which can support higher rental rates over time. Luke represented the Buyer in the transaction.

For more information on this sale please contact Luke Salazar at 303-962-9534 or LSalazar@PinnacleREA.com.