12-unit apartment complex in Longmont sells for $1.1 million
LONGMONT — A 12-unit apartment complex at 212 E. Longs Peak Ave. in Longmont has sold for $1.1 million.
The complex, which is fully leased, consists of two six-unit apartment buildings that were built in 1981.
Maple Tree Prospects LLC, an entity formed in March and managed by Frank D. Gower of Longmont, purchased the apartment complex from the Steinmetz Family. The family had purchased the apartments in 1998 for $800,000, according to public records.
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Realtors Julius Tabert and Blake Craig, working out of CBRE Inc.’s office in Fort Collins, represented the buyers and sellers.
CBRE handled the listing and created a competitive bidding situation, generating multiple offers in a short period of time enabling the seller to keep the due-diligence time short and to sell for the asking price.
LONGMONT — A 12-unit apartment complex at 212 E. Longs Peak Ave. in Longmont has sold for $1.1 million.
The complex, which is fully leased, consists of two six-unit apartment buildings that were built in 1981.
Maple Tree Prospects LLC, an entity formed in March and managed by Frank D. Gower of Longmont, purchased the apartment complex from the Steinmetz Family. The family had purchased the apartments in 1998 for $800,000, according to public records.
Realtors Julius Tabert and Blake Craig, working out of CBRE Inc.’s office in Fort Collins, represented the buyers and sellers.
CBRE handled the listing and created a competitive bidding…
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