Release Date: August 24, 2017
Terry Apartments Sold
Terry Apartments in Longmont acquired for $3.2M
Courtesy of BizWest — August 24, 2017
LONGMONT — The 18-unit Terry Apartments in Longmont has been sold for $3.2 million, or $177,777 per unit, a year after the seller had bought them for $2.2 million.
Fox Run Living LLC of Denver sold the two apartment buildings at 513 and 521 Terry St., to Terry Street Apartments LLC, registered to Rachel Taylor and Craig Widznowski of Boulder, according to public records.
Greystone Unique Apartment Group, a division of Denver-based Unique Properties Inc,. represented the buyer and the seller. It provided the buyer with a loan from Freddie Mac’s small-balance loan program. The property was 100 percent occupied at the time of sale.
The Terry Apartments, in the Old Town Westside neighborhood, had been renovated prior to the sale. Upgrades included new kitchens, bathrooms, boiler updates, roofs, landscaping and updated common areas. The apartments consist of 10 one-bedroom units and eight two-bedroom units.