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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

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.
More about this property
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