Current Use by Public Records
- Apartment buildings
Property Details for 1714 Cambricge Dr
- Year built
- 1977
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained, two-unit apartment building ideally situated in Longmont, Colorado. Located at 1714-1716 Cambridge Drive, this property boasts a total of 2,046 square feet situated on a generous 7,870 square foot lot. Built in 1977, the property is zoned R-MF per the City of Longmont, ensuring flexibility for future development or continued operation as a rental property. The duplex comprises two spacious ranch-style units, each featuring two bedrooms and one bathroom. Each unit includes desirable amenities such as a fireplace, a large kitchen with a laundry area, and an attached one-car garage. Residents also enjoy both front and rear outdoor spaces. Currently, one unit is leased month-to-month at $1200 per month, while the other has a lease in place until April 30, 2025, at $1700 per month. Utilities are separately metered for each unit, with tenants responsible for electric and natural gas. This property offers a compelling combination of established rental income and significant potential for future appreciation in the thriving Longmont real estate market. The asking price is $600,000. A virtual tour is available.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Longmont
- County
- Boulder
- State
- Colorado
- Longitude
- -105.134
- Latitude
- 40.1894
