For Sale
$950,000

2330 Wedgewood Ave Longmont, CO 80503

Four-unit apartment building, strong NOI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Highlights

  • High-traffic location with excellent visibility on a major thoroughfare.
  • Recently renovated interior with modern finishes and updated systems.
  • Ample on-site parking available for tenants and customers.
  • Flexible floor plan adaptable to various business needs.
  • Strong tenant base with long-term leases in place.
  • Competitive rental rates offering excellent value.

Property Details for 2330 Wedgewood Ave

Property type
Apartment buildings
Square Feet
3,532 SF
Year Built
1975
Buildings
1
Stories
2
Lot Size (sq. ft)
112,820 SF
Units
4

Location Insight

City
Longmont
County
Boulder
State
Colorado
Latitude
40.1921277
Longitude
-105.1319584

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, strong NOI.
Where is the apartment building located?
The property is located at 2330 Wedgewood Ave Longmont, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High-traffic location with excellent visibility on a major thoroughfare.; Recently renovated interior with modern finishes and updated systems.; Ample on-site parking available for tenants and customers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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2330 Wedgewood Ave
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