Investment Overview

Baseline Townhomes is a 13-unit townhome community with two mixed-use spaces located along West Baseline Road in Lafayette, a major thoroughfare in Boulder County. The 13 townhome units are spread between five buildings with the two units of mixed-use retail in a sixth building. The 13 townhome units contain four 2BDR/2.5 BA units and nine 3 BDR/3.5 BA units. Three of the three-bedroom units contain Live/Work Spaces which can be leased out together or separately. With construction completed in 2022, these three-story buildings have highly rated insulation and fiberglass windows designed for maximum thermal retention. Every unit has a private two-car garage, air conditioning, large water heater, and a half bath in the living area for easy guest access. Each unit has an aqua furnace powered by hot water. With no shared structural walls, noise and vibration does not transfer from unit-to-unit. All of the units contain in-unit washer/dryer, coded entries, quartz countertops, walk-in gourmet pantries, stainless steel appliances, apron sinks, covered patio and/or balcony and numerous other high-end amenities. The three-bedroom units feature two master suites, a sit-in kitchen island, two-zoned HVAC, and floating stairs for quiet within the units themselves. See unit descriptions and examples of the floor plans in the following pages. The most current rental information and more detailed by-building floor plans can be found at www.baselinetownhomes.com. The two additional mixed-use units in the sixth (corner) building follow a triple net lease structure. The tenants for the mixed-use units pay insurance, property tax, and all maintenance associated with the building. Each apartment unit is individually metered for gas and electricity, paid by the residents. Water, sewer, and trash is charged at a flat fee of $130 per month per unit. There are off-street parking spaces equipped with two 240v outlets for electric vehicles that provide additional income to the owner. Baseline Townhomes is conveniently located a 15-minute drive to downtown Boulder and walking distance to the heart of Lafayette's Old Town neighborhood. All six buildings sit within one parcel allowing for significant tax advantages. There are multiple exit strategies for a new owner with options to condo-off each townhome individually. Expect Lafayette to position itself as a major hub and an economic alternative to the City of Boulder.