Address
1012 State Street, Fort Morgan, CO
Price
$ 340,000
Property Attributes
- MLS#2612791
- TypeMulti-Family
- CountyMORGAN
- CityFort Morgan
- NeighborhoodFort Morgan
- Zip80701
- StyleTriplex
- Year Built1908
- Taxes$ 1145
- Price$ 340,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2536
- Lot Size0.16 Acres
Data Source:
REColorado (MTOMLS)
Property Description
This is a great investment opportunity for investors looking for steady cash flow and easy maintenance, or individuals looking to live in one unit and rent the other two. The basement unit is left vacant for now in case an owner wants to live in the unit but previously rented for $850/month before new carpet was installed. Upstairs unit has it's own brand new Mini Split Heating and A/C unit. Shared Laundry room. Main level tenant is a long term tenant with a new lease signed through June 2025. Upstairs tenant is on a month to month lease. Owner/Agent sale. Property is being sold as is. Call or text with any questions!
| Elementary School | Middle School | High School |
|---|---|---|
| Green Acres Elementary School | Fort Morgan Middle School | Fort Morgan High School |
| Price History | |
|---|---|
| 5/22/2024 | Listed $340,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air,Other |
| Roof | Architecural Shingle |
| Appliances | Dishwasher,Disposal,Dryer,Oven,Refrigerator,Washer |
| Exterior Features | Private Yard |
| Construction Materials | Frame,Stucco |
| Exclusions | Tenants Personal Property |
| Year Built | 1908 |
| Tenant Pays | Cable TV,Internet,Telephone |
| Levels | Two |
| Property SubType | Triplex |
| Tax Year | 2023 |
| Percent Ownership | Agent Owner |
| Gross Income | 31200 |
| OwnerPays | Electricity,Gas,Insurance,Taxes,Trash Collection,Water |
| County | Morgan |
| Operating Expense | 5674 |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Fort Morgan |
| Status | Active |
| Directions | From I-76 take exit 80 onto County Road 52 (Main Street) heading South,0.3 mi turn left (East) onto Fremont Ave,350 ft turn right (South) onto State St,50 ft the property will be on the left (East). |
| High School | Fort Morgan |
| City | Fort Morgan |
| Buyer Agent Compensation | 2.8 |
| Senior Community Y/N | No |
| High School District | Fort Morgan RE-3 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 7000 |
| Carport Spaces | 2 |
| Listing Terms | 1031 Exchange,Cash,Conventional |
| Elementary School | Green Acres |
| Tax Annual Amount | 1145 |
| Middle/Junior High School | Fort Morgan |
| Structure Type | Triplex |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Fort Morgan RE-3 |
| Elementary School District | Fort Morgan RE-3 |
| Cap Rate | 6.27 |
| Buyer Agent Compensation Type | % |
Interior Features
| Basement | Finished |
|---|---|
| Flooring | Carpet,Laminate |
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 1576 |
| Laundry Features | Common Area |
| Total Bedrooms | 4 |
| Below Grade Finished Area | 960 |
| Total Baths | 2 |
Exterior Features
| Fencing | Full |
|---|---|
| Lot Features | Corner Lot,Level |
| Water Source | Public |
| Total Parking | 2 |
| Lot Size Area | 7000 |
| Building Area Total | 2536 |
| Lot Size Acres | 0.16 |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80701
Price
Taxes
Visits
Year Built
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