Parkside & Mountain View Plaza Portfolio

Capstone is pleased to present Mountain View Plaza and Parkside Apartments, an exceptional investment opportunity in the heart of Longmont, Boulder County, CO. This offering comprises two well-maintained commercial multifamily properties totaling 130 units. Mountain View Plaza, consisting of 80 units, offers 90% one-bed units with 10% two-bedroom residences, designated specifically for elderly tenants. Parkside Apartments, with 50 units, features spacious two- and three-bedroom units designed for families. Both properties have been under long-term ownership (20+ years) and are designated as project-based Section 8 properties with HAP contracts in place, providing guaranteed government income. Additionally, there is significant value-add potential, as current rents are substantially below maximum allowable fair market rates. With minimal new residential supply in the Longmont submarket and strong fundamentals in Boulder County, this offering presents a compelling opportunity for investors seeking stable cash flow and long-term appreciation in a thriving market.

Investment Highlights:

Long Term Ownership (20+ Years)

Project-Based Section 8 Property (Designated for Families)

Opportunity to Renew HAP Contract at Fair Market Rents

Value-Add Potential as Current Rents are Under Maximum Allowable Fair Market Rates

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

Minimal Delivery of New Residential Supply in the Longmont Submarket

Highly Desirable Submarket of Boulder County with Strong Fundamentals