2330 Wedgewood Ave Longmont, CO 80503
- Apartment buildings
- 3,532 SF
- 2.59 lot acres
Current Use by Public Records
- Affordable Solar Longmont / Solar Energy Equipment Supplier
Property Details for 2330 Wedgewood Ave
- Year built
- 1975
- Lot size
- 2.59 lot acres
- Property size
- 3,532 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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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
- -105.132
- Latitude
- 40.1921
