101 Lowell Place

Fort Morgan, CO 80701
Square Ft.
3,264
$2,596,000
Rare Investment opportunity: 4 Four-Unit Buildings in Fort Morgan, CO: 101, 102, 109, & 110 Lowell Place Fort Morgan, CO 80701. Take advantage of this rare opportunity to invest in four income operating buildings, being sold together. Each building features 4 spacious rental units., offering a total of 16 unitsRead MoreRead Less
Market LogoCourtesy of Newmark Real Estate Company [email protected]
Listing Snapshot
Days Online
19
Last Updated
Property Type
Multi Family
Square Ft.
3,264
Year Built
1980
MLS Number
7303628
30 Days Snapshot Of 80701
$361k
+4%
(avg) sold price
14
-26%
homes sold
112
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Architectural Style: "Traditional", Construction Materials: "Brick", "Frame", Effective Year Built: 1980, Occupant Type: Tenant, Structure Type: "Low Rise (1-3)", Total Area: 3264, Unit Count: 1, Unit Types: "Array", Units Furnished Total: 0, Built in 1980, 16 total units
Expenses
Operating Expense Includes: "Accounting", "Advertising", "Insurance", "Maintenance", "Professional Management", "Real Estate Tax", Operating Expense: $83,000, Projected Annual Expense: $83,000
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 103000.00, Gross Income: $186,000, Projected Annual Net Income: $109,000, Projected Gross Income: $192,000
Lot
Area: 22186, Parcel Number: 122712101002
Energy Saving
Green Verification Count: 0
Owner Pays
Owner Pays: "Taxes", "Trash Collection"
Parking
Parking Total: 0, Carport Spaces: 0, Offstreet Spaces: 0, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Current Use: "Multi-Family", Property Sub Type: Multi Family, Zoning: R3 High Density Residenti
Roof
Roof: "Composition"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 2308, Legal Description: SUBD: TOMKY'S SUB, FM DRMY BLOCK: 01 LOT: 02, Tax Year: 2024
Tenant Pays
Tenant Pays: "Cable TV", "Electricity", "Internet", "Telephone"
Utilities
Electric: "220 Volts", Power Production Count: 0, Utilities: "Electricity Connected", Water Included, Water Source: "Public"
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Sarah Manshel
Team Leader / Realtor
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.