2330 Wedgewood AveLongmont, CO 80503

  • Residential income properties
  • 3,532 SF
For Sale
$950,000 View listing

Property Details for 2330 Wedgewood Ave

Year built
1975
Lot size
2.59 AC
Property size (Sq ft)
3,532 SF
Property type
Residential income properties
Property subtype
Multifamily properties

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.

2330 Wedgewood Ave, Longmont, Colorado

Location Insight

City
Longmont
County
Boulder
State
Colorado
Latitude
40.1921
Longitude
-105.132

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].