2330 Wedgewood AveLongmont, CO 80503

Property Details for 2330 Wedgewood Ave

Year built

1975

Lot size

2.59 AC

Property size (Sq ft)

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.

Location Insight

City

Longmont

County

Boulder

State

Colorado

Latitude

40.1921

Longitude

-105.132

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