Investment Overview

Built in 1968, Trojan Arms Apartments is a very well-maintained and operated 16-unit multifamily community located on a quiet street just a few blocks east of downtown Longmont, Colorado. Longmont is one of the fastest growing cities in Boulder County. This two-story building has a very desirable unit mix of eight large 764 SF one-bedroom | one-bathroom units and eight large 988 SF two-bedroom|one-bathroom units. Many of the units have upgraded appliances, including dishwashers. Some units have had newer granite countertops installed and updated tile bathrooms. The building has an all-brick exterior, double-pane windows for energy savings, and a newer roof with a high degree of pitch for improved drainage. There is secured entry to the interior hallways, 24-hour surveillance, and a state-of-the-art fire protection system. There are two large laundry rooms (one on each floor) with new income producing coin-operated machines, owned by the property. There are also 16 large 5’ x 8’ storage units located in the middle of the building. Each unit is individually metered for electric and paid directly by residents. The buildings are master metered for gas, water, and sewer usage. This is not currently, but can be, billed back to residents as a value-add for a new owner. The building sits on a beautifully landscaped and well-maintained 0.47-acre lot with mature trees and an in-ground irrigation system. The parking lot has been recently resurfaced and provides ample off-street parking for residents.