503 Deuel St Fort Morgan, CO 80701
This charming 1910 Victorian home at 503 Deuel St, Fort Morgan, CO 80701, presents a unique investment opportunity. The property boasts 1,871 square feet across two units, situated on a spacious 5,250 square foot corner lot. The main house features four bedrooms and two bathrooms, showcasing original character with high ceilings and large rooms. Recent updates include a brand-new roof, a newer water heater, dishwasher, laminate flooring in the living and dining areas, and newer linoleum in the kitchen. A detached shop/garage provides additional storage space. The property's significant potential lies in its partially finished basement. This area includes plumbing and piping for a second kitchen, suggesting the possibility of converting it into a separate, conforming or unconforming, rental unit, creating a desirable up/down duplex configuration. The basement also has one, possibly two, unconforming bedrooms and a bathroom. Zoned RE-3, this property is ideal for a fix-and-flip or fix-and-hold strategy, offering strong potential for rental income or resale value after renovations. The asking price is $299,500. This is a rare chance to acquire a piece of Fort Morgan history with significant upside.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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