Fort Morgan, CO 80701 101 Lowell Pl
$649,000
Presented By: Newmark Real Estate Company; newmark11@mindspring.com,303-428-1907
Beds • 8
Baths • 4
SQFT • 3,264
Garage • 5
Home Details
Rare Investment Opportunity: 4 Unit Apartment Building in Fort Morgan Colorado. Take advantage of is rare opportunity to invest in an income operating building, or buy the building and live in one of the units (Subject to the current Tenant rights), and rent out the remaining units as income. This building features 4 spacious rental units. Attractive amenities and consistent income potential. This building would be a solid addition to any investment portfolio. There are 2 lower level units and 2 upper level units. Each unit has 2 bedrooms and 1 full bathroom. New windows in 2008, new stucco in 2009, new gutters and roof with high impact class 4 shingles in 2012. Includes 4 Stoves, 4 Refrigerators, 4 dishwashers and 4 hot water heaters.
Contact listing agent to schedule a showing.
Presented By: Newmark Real Estate Company; newmark11@mindspring.com,303-428-1907
Interior Features for 101 Lowell Pl
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area3264
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
General for 101 Lowell Pl
AccessibilityLevel Lot
AppliancesDishwasher, Refrigerator
Attached Garage No
Cap Rate4.30000019
CityFort Morgan
Construction MaterialsWood/Frame, Brick/Brick Veneer, Stucco
CountyMorgan
ElectricSeparate Meter Electricity
Elementary SchoolColumbine
ExclusionsTenant's personal property.
Garage Spaces5
Garage Y/NYes
Gross Income45000
HOANo
HeatingBaseboard, Radiant
High SchoolFort Morgan
High School DistrictFort Morgan RE-3
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet22186
Lot Size UnitsSquare Feet
MLS AreaMorgan
Middle/Junior High SchoolAbner S Baker
Net Operating Income28016
New ConstructionNo
Number Of Units Total4
Operating Expense16984
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer, Public Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameTomky
Tax Annual Amount2308
Tax Year2024
Tenant PaysElectricity
Year Built1980
Exterior for 101 Lowell Pl
Building Area Total3264
Covered Spaces5
Exterior AmenitiesBalcony
FencingPartial
Horse Y/NNo
Lot FeaturesCul-De-Sac, Level
Lot Size Acres0.51
Lot Size Area22186
SpaNo
Water SourceCity Water
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Columbine Elementary School
High School
Fort Morgan High School
Middle School
Abner S Baker Middle School
