MMG Real Estate Advisors Sells 26-Unit Multifamily Property At 18 Ash Court For $4.65M

A 26-unit multifamily property located at 18 Ash Court in Longmont, Colorado has been sold for $4.65 million. The property encompasses a total size of 21,180 square feet, translating to a price per unit of $178,846 and a price per square foot of $220. The asset is strategically positioned near Main Street and essential local amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,650,000
• Units: 26
• Square Footage: 21,180
• Price Per Unit: $178,846
• Price Per Square Foot: $220

The transaction was facilitated by brokers Austin Smith, Christian Burgdorf, and Jason Koch from MMG Real Estate Advisors. The buyer intends to undertake significant renovations to both the interiors and exterior of the property following the acquisition.