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    1012 State St Fort Morgan, CO 80701

    For Sale
    $315,000

    Multifamily property with steady cash flow and easy maintenance.

    Lot size:
    0.16 Acres

    Property Features for 1012 State St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1908

    Source: Mile High Real Estate LLC Agent Kyle Henning

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property Investment Opportunity

    This multifamily property presents an investment opportunity with steady cash flow and easy maintenance. The property features multiple units, with 12-month leases in place through at least June 2026 for two units. A new 12-month lease has recently been signed for the basement unit. The main and basement units are equipped with a new furnace. The upstairs unit has its own new mini-split heating and A/C unit. A shared laundry room is available for tenants. The main level tenant is a long-term resident with a new lease extending through June 2026. The current property manager/owner can continue managing the property if desired by the investor. The property is being sold as is.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Morgan
    County
    Morgan
    State
    Colorado
    Longitude
    -103.7997764
    Latitude
    40.2601384

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with steady cash flow and easy maintenance.
    Where is this multifamily property located?
    The property is located at 1012 State St Fort Morgan, CO.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: - Leased through June 2026, providing steady cash flow.; - New furnace for main and basement units.; - Upstairs unit features a new Mini Split Heating and A/C unit.
    (303) 653-6145
    Request Owner's contact information
    1012 State St Fort Morgan, CO 80701
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    Fort Morgan, CO 80701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1012 State St Fort Morgan, CO 80701
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