404 State St - Multi-Family FOR SALE


Fort Morgan, CO 80701
$795,000 USD
714-330-1436
404 State St, Fort Morgan, CO for Sale
$795,000 USD
Multi-Family - FOR SALE
1/19
null | 7.57% Cap Rate

404 State St
Fort Morgan, CO 80701


HIGHLIGHTS

  • Back units newly built-out (2024)
  • Highly desirable location overlooking Glenn Miller Park
  • Spacious units with in-unit laundry
  • Located in northern Colorado, one of the fastest-growing regions in the country

OVERVIEW

This four-unit multifamily property located at Fort Morgan offers a compelling opportunity for investors seeking stable asset, with positive cash flow, in a growing regional market. The asset benefits from spacious units and consistent rental demand driven by the area’s agricultural, industrial, and service-based employment base. Its manageable size allows for efficient operations while still providing scale beyond single-family rentals. With strong housing demand in the area, the property presents both immediate income and long-term value appreciation.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

4

PRICE/UNIT

$198,750

CAP RATE

7.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strong Cashflow Multifamily Opportunity

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,147 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andrew MonettePinnacle Real Estate AdvisorsMore Info
714-330-1436

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Andrew MonettePinnacle Real Estate AdvisorsMore Info
714-330-1436

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.