Investment Overview

225 Terry Street is a well-maintained 12-unit multifamily community located in the heart of downtown Longmont, only two blocks west of Main Street. Tenants are within walking distance to restaurants, shopping, parks, and more. Built in 1964, this all-brick building is a two-story exterior walk-up with six units on each level. All are two-bedroom / one-bathroom units (750 SF) with a stackable washer/dryer in each unit. The ?oor plan of each unit is identical, making planning easier for remodels. Each unit has its own furnace and water heater. All units are separately metered for gas and electric. These utilities are paid directly by the residents. Water and sewer is master metered, paid for by the owner and not currently being billed to the residents. A bill-back system could be implemented to recoup that cost. The building has an asphalt shingle pitch roof, double pane windows, a crawl space for easy access to mechanicals and to make repairs. There is a large, professionally landscaped back yard with in-ground sprinkler system. The backyard includes picnic tables and grilling area. There are 13 assigned off-street parking spaces. With spectacular views of the Rocky Mountains, Longmont residents enjoy beautiful natural surroundings like Union Reservoir and Golden Ponds Park while bene?ting from a modern downtown in a historic setting and a thriving city center. Left Hand Brewing Company, Wibby Brewing, and Bootstrap Brewing make their headquarters in Longmont. High-tech companies, including DigitalGlobal, Seagate Technologies, and Intrado, also call Longmont home. These companies, as well as a growing Creative District, and bustling restaurants make Longmont a dynamic small city conveniently located within 30 miles of Boulder, Denver, and Rocky Mountain National Park. In the coming years, Longmont will continue to grow and attract new residents and business. Approximately one-quarter mile from 225 Terry Street, the Hotel Longmont, at the corner of 3rd Avenue and Kimbark Street, is being planned to include meeting space, a rooftop restaurant and parking. South Main Station, a redevelopment of the former Butterball Plant, continues to expand just blocks from the property, at 1st Avenue and Main Street. Currently in Phase 2 of its redevelopment, it includes housing, retail, restaurants, and of?ce spaces. Few locations will be better situated to enjoy this and future growth in downtown Longmont than 225 Terry Street.