For Sale
$690,000

1422 Emery CtLongmont, CO 80501

3-Unit Apartment Building, 5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a three-unit apartment building located at 1422 Emery Ct, Longmont, CO 80501, in Boulder County. The property, built in 1982, boasts a total of 1,764 square feet situated on a 5,718 square foot lot. Currently generating a Net Operating Income (NOI) of $34,469, this Class C multifamily property offers a compelling 5.00% capitalization rate at an asking price of $690,000. Recent improvements include a new roof and a new boiler, ensuring minimal immediate capital expenditures. The well-maintained building presents a strong foundation for a value-add investment strategy. The desirable Longmont location provides excellent potential for rental income growth through strategic updates and enhancements. This property is an ideal addition to any investor's portfolio seeking a stable, cash-flowing asset with significant upside potential in a thriving Colorado market. Each of the three units includes its own garage.

Highlights

  • $690,000 asking price for a value-add multifamily investment opportunity.
  • 1,764 square foot building with three units.
  • Built in 1982, featuring a new roof and boiler.
  • Well-maintained, established property in a desirable Longmont, CO location.
  • Potential for renovations and increased value.
  • 5.00% cap rate with a $34,469 NOI.

Property Details for 1422 Emery Ct

Property type
Apartment buildings
Square Feet
1,764 SF
Class
C
Year Built
1982
Units
3

Location Insight

City
Longmont
County
Boulder
State
Colorado
Latitude
40.1837353
Longitude
-105.0997213
1422 Emery Ct, Longmont, Colorado

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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.
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 unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1422 Emery Ct
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message