Fort Morgan, CO 80701 1012 State St
$330,000
13 more
Presented By: Mile High Real Estate LLC; kyle@themilehighrealestate.com,303-653-6145
Beds • 4
Baths • 2
SQFT • 2,536
Garage • 2
Home Details
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. Basement unit with updated kitchen and Carpet is available for rent. 12 month leases through at least June 2025 on the other two units. Brand New furnace for the main and basement units, and the 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. Current Property Manager/owner can continue managing the property if investors would like that. Owner/Agent sale. Property is being sold as is. Call or text with any questions!
Presented By: Mile High Real Estate LLC; kyle@themilehighrealestate.com,303-653-6145
Interior Features for 1012 State St
Bedrooms
Total Bedrooms4
Bathrooms
Total Baths2
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area1576
Air Conditioning Y/NYes
BasementPartially Finished
Below Grade Finished Area960
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area
General for 1012 State St
AccessibilityLevel Lot
AppliancesDishwasher, Refrigerator, Washer, Dryer, Disposal
Attached Garage No
Cap Rate6.730000019
CityFort Morgan
Construction MaterialsWood/Frame, Stucco
CoolingCentral Air
CountyMorgan
DirectionsFrom 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).
ElectricMaster Meter-Electric
Elementary SchoolGreen Acres
ExclusionsTenants Personal Property
Garage Spaces2
Garage Y/NYes
Gas Y/NMaster Meter-Gas
Gross Income31800
HOANo
HeatingForced Air
High SchoolFort Morgan
High School DistrictFort Morgan RE-3
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet7000
Lot Size UnitsSquare Feet
MLS AreaMorgan
Middle/Junior High SchoolFort Morgan
Net Operating Income22886
New ConstructionNo
Number Of Units Total3
Operating Expense8914
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofFiberglass
Senior Community Y/NNo
SewerCity Sewer, Public Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameFort Morgan
Tax Annual Amount1130
Tax Year2023
Year Built1908
Exterior for 1012 State St
Building Area Total2536
Covered Spaces2
FencingFenced
Horse Y/NNo
Lot FeaturesCorner Lot, Level
Lot Size Acres0.16
Lot Size Area7000
Other ParkingParking Per Unit(Less Than 1)
SpaNo
Water SourceCity Water
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Green Acres Elementary School
Middle School
Fort Morgan Middle School
High School
Fort Morgan High School
