1422 Emery CtLongmont, CO 80501

Property Details for 1422 Emery Ct

Year built

1982

Property size (Sq ft)

1,764 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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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