1422 Emery CtLongmont, CO 80501

Property Details for 1422 Emery Ct

Year built

1982

Property size (Sq ft)

1,764 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Longmont

County

Boulder

State

Colorado

Latitude

40.1837

Longitude

-105.1

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