2330 Wedgewood Ave Longmont, CO 80503

Exceptional investment opportunity awaits in this well-maintained four-unit apartment building located at 2330 Wedgewood Ave, Longmont, CO 80503. This two-story building, constructed in 1975, boasts a total of 3,532 square feet situated on a generous 2.59-acre lot. Currently achieving a 6.03% cap rate with a Net Operating Income (NOI) of $57,274, this property presents a compelling return on investment. The building comprises four units, each featuring two bedrooms and one bathroom, along with a one-car garage and one exterior parking space. The property benefits from a homeowner's association (HOA) that handles lawn maintenance, snow removal to unit sidewalks, and upkeep of common areas including a playground and open space. All four units are currently rented at 0% vacancy. The roof was recently replaced in 2023, demonstrating a commitment to ongoing maintenance. The property is zoned R-MF and enjoys a convenient location near McIntosh Lake, Dawson Park, and Garden Acres Park, offering tenants easy access to recreational amenities. This property is an ideal addition to any investor's portfolio, offering a strong history of rental income and a promising future. The asking price is $950,000. Showings are by appointment only, with a minimum of 24 hours' notice.