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2330 Wedgewood Ave , Building 1

Longmont, CO 80503
  • $950,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 1018723
UPDATED: 49 min ago
$950,000
  • 8
    BEDS
  • 2.59
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,532
    SQFT
  • $269
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Come take a look at this great investment opportunity in Northwest Longmont! This 4-plex is conveniently located off of Hover Street and is near many city parks and popular locations in the City of Longmont such as McIntosh Lake, Dawson Park, Garden Acres Park, and more! This 4-plex is Building 1 of a 14 building complex with a HOA that manages and maintains the lawn, neighborhood open space and playground, and even snow removal up to each unit's sidewalks! The Sellers have owned this 4-plex since 2009 and have a strong and reliable history of rental income from this property. Currently the Sellers are renting each unit at a 0% vacancy rate! The Sellers have kept this building well maintained and the roof was just replaced in 2023. Each unit is 2 bedrooms with 1 bath and includes both a 1 car garage space and 1 car exterior parking space. Please reach out for more information and to coordinate a showing. Showings are for qualified Buyers only with a minimum of 24 hours notice out of respect for all tenants.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2024-10-06T18:40:47.597.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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2330 Wedgewood Ave , Building 1 Longmont, CO 80503

  • Price: $950,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 49 min ago
  • MLS #: 1018723
8
Beds
4
Baths
0
½ Baths
2.59
Acres
3,532
SQFT
$269
$/SQFT
1975
Built
Neighborhood:
Longmont Village
County:
Boulder
Area:
04 Longmont City Limits
Elementary School:
Hygiene
Middle School:
Westview
High School:
Longmont
School District:
ST Vrain Dist RE 1J
Property Description
Come take a look at this great investment opportunity in Northwest Longmont! This 4-plex is conveniently located off of Hover Street and is near many city parks and popular locations in the City of Longmont such as McIntosh Lake, Dawson Park, Garden Acres Park, and more! This 4-plex is Building 1 of a 14 building complex with a HOA that manages and maintains the lawn, neighborhood open space and playground, and even snow removal up to each unit's sidewalks! The Sellers have owned this 4-plex since 2009 and have a strong and reliable history of rental income from this property. Currently the Sellers are renting each unit at a 0% vacancy rate! The Sellers have kept this building well maintained and the roof was just replaced in 2023. Each unit is 2 bedrooms with 1 bath and includes both a 1 car garage space and 1 car exterior parking space. Please reach out for more information and to coordinate a showing. Showings are for qualified Buyers only with a minimum of 24 hours notice out of respect for all tenants.
Exterior Features

Construction Materials Wood/FrameBrick/Brick VeneerComposition Siding Door Features Storm Door(s) Entry Location Outside Entry Horse YN No Levels Two Lot Features CurbsGuttersSidewalksFire Hydrant within 500 FeetCorner LotLevel Other Parking Parking Per Unit(2 Spaces/Unit) Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Accessibility Features Level Lot Appliances Electric Range/OvenRefrigerator Basement NoneCrawl Space Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features PantryWalk-In Closet(s)Outside Entry Laundry Features Washer/Dryer Hookups Living Area Source Other Unit1 Bedrooms 2 Unit1 Est Sq Ft 840 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 913 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 913 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Est Sq Ft 865 Unit4 Total Baths 1 Window Features Double Pane Windows

Property Features

Association Fee 650 Association Fee Frequency Quarterly Association Fee Includes Common AmenitiesSnow RemovalMaintenance GroundsManagement Association YN Yes Cap Rate 6.03 Community Features Playground Ditches Active YN No Electric Electric Exclusions For Unit 1A: Tenant's Personal PropertyClothes WasherClothes Dryer; For Unit 1B: Tenant's Personal PropertyClothes WasherClothes Dryer; For Unit 1C: Tenant's Personal Property; For Unit 1D: Tenant's Personal Property Gas Natural Gas Gross Income 68400 Has Association Fee Yes Has Hoa Covenants Yes Has Hoa2 No Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Longmont Net Operating Income 57274 New Construction YN No Operating Expense 11126 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 5658 Tax Year 2023 Tenant Pays DepositGasElectricity Unit1 Rent 1450 Unit2 Rent 1350 Unit3 Rent 1450 Unit4 Rent 1450 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity of Longmont Zoning R-MF

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of John Feeney of C3 Real Estate Solutions, LLC: 9702314172.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2024-10-06T18:40:47.597.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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