Eastglen Apartments

Capstone is pleased to present Eastglen Apartments, a compelling value-add opportunity in the highly desirable Longmont submarket of Boulder County, CO. This 102-unit multifamily property was built in 1996 and comprised of spacious one, two, and three-bedroom units with an average unit size just under 1000SF. The property is a well-maintained garden-style complex with pitched roofs, private balconies, and a community swimming pool. With current rents $200-300 below market rates, there is significant potential for value enhancement. 20% of the units are designated affordable at 50% AMI for the next 8 years which in 2032 expires completely. Eastglen Apartments benefits from minimal new residential supply in the area, further solidifying its position. With over 100 units the property justifies on-site management, and its location in a submarket where large deals rarely trade offers a unique investment opportunity in a market with strong fundamentals.

Investment Highlights:

Long-Term Ownership (20+ years)

Value-Add Property as Current Rents are $200-300 Under Market

102 Units in a Submarket Where Large Deals Don’t Trade Often

Minimal Delivery of New Residential Supply in the Longmont Submarket

100+ Units, Justifying On-Site Management

Highly Desirable Submarket of Boulder County with Strong Fundamentals