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Longmont,CO 80503
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,850 sqft
Price per Sqft $347
Subdivision Longmont Estates Lakeshore
MLS Listing ID 1787485
HOA Y/N No
Abv Grd Liv Area 2,850
Year Built 1975
Annual Tax Amount $4,016
Tax Year 2024
Lot Size 10,773 Sqft
Acres 0.25
Property Sub-Type Single Family Residence
Source recolorado
Property Description
Located on a quiet cul-de-sac just steps from Longmont's beautiful McIntosh Lake, 1746 Cove Court presents a turn-key memory care residence with strong cash flow and expansion upside. The property is currently licensed for 8 residents at an average private-pay rate of $5,600 per bed, generating an estimated net operating income of over $100,000 annually for an owner-operator without rent expense. The owner has already submitted plans to FGI to expand the capacity to 12 residents, providing meaningful revenue growth potential. The single-level, 3,048 sq. ft. floor plan offers large private bedrooms, an open living and dining area, and a peaceful covered patio. Surrounded by walking paths and lake views, this location blends comfort and serenity with easy access to parks, shopping, and healthcare services—an ideal boutique senior living investment in one of Longmont's most desirable neighborhoods.
Location
State CO
County Boulder
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Y
Appliance Dishwasher,Disposal,Double Oven,Microwave,Oven,Range,Range Hood,Refrigerator
Exterior
Parking Features Concrete
View Lake
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Hygiene
Middle Schools Westview
High Schools Longmont
School District St. Vrain Valley Re-1J
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None