323 Circle Drive

Fort Morgan, CO 80701
Beds
8
Square Ft.
3,840
$1,398,000
Rare Investment Opportunity: Two Four-Unit Buildings in Fort Morgan, CO Addresses: • 323 Circle Drive, Fort Morgan, CO 80701 • 325 Circle Drive, Fort Morgan, CO 80701 Take advantage of this rare opportunity to invest in two income-generating buildings, being sold together. Each building features 4 spacious rental units, offeringRead MoreRead Less
Market LogoCourtesy of NEWMARK REAL ESTATE COMPANY [email protected],303-428-1907
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadplex
Beds
8
Square Ft.
3,840
Lot Size
0.19 Acres
Year Built
2000
MLS Number
7637025
30 Days Snapshot Of 80701
$285k
-32%
(avg) sold price
9
+28%
homes sold
106
+53%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Responsibility: "Public Maintained Road"
Appliances & Equipment
"Range", "Range Hood", "Refrigerator"
Building
Above Grade Finished Area: 3840, Architectural Style: "Contemporary", Common Walls: "2+ Common Walls", Construction Materials: "Frame", "Vinyl Siding", Direction Faces: East, Levels: "Two", Living Area: 3840, Occupant Type: Tenant, Structure Type: "Quadruplex", Total Area: 3840, Unit Count: 4, Unit Types: "Array", "Array", "Array", "Array", Built in 2000
Cooling
Cooling: "Central Air"
Disclosures
Attribution Contact: [email protected],303-428-1907, Exclusions: Tenants personal property.
Expenses
Operating Expense Includes: "Accounting", "Advertising", "Insurance", "Legal", "Maintenance", "Professional Management", "Real Estate Tax", "Utilities", Operating Expense: $46,121, Projected Annual Expense: $40,762
Exterior Features
Features: "Balcony", Patio And Porch Features: "Deck", "Patio"
Fence
Fencing: "None"
Floors
Flooring: "Linoleum", "Vinyl"
Foundation
Foundation Details: "Slab"
Heating
Heating: "Forced Air", "Natural Gas"
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: 59809.00, Gross Income: $107,000, Projected Annual Net Income: $65,089, Projected Gross Income: $107,000
Laundry
Features: "Common Area"
Lot
Acres: 0.19, Area: 8185, Features: "Level", "Sprinklers In Front", Parcel Number: 122907147003, Square Feet: 8185
Owner Pays
Owner Pays: "Exterior Maintenance", "Grounds Care", "Insurance", "Taxes", "Trash Collection", "Water", Ownership: Individual
Parking
Parking Total: 16, Carport Spaces: 0, Offstreet Spaces: 16, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Livable Structure Count: 0, Out Building Count: 0, Property Sub Type: Quadplex
Roof
Roof: "Composition"
Security Features
Features: "Carbon Monoxide Detector(s)", "Smoke Detector(s)"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 3422, Legal Description: SUBD: LANDMARK & TRIMEN MINOR SUB PLAT, FM LOT: C, Tax Year: 2023
Tenant Pays
Tenant Pays: "Electricity", "Gas"
Utilities
Electric: "220 Volts", Utilities: "Cable Available", "Electricity Connected", "Natural Gas Connected", Utility Billing To Tenants: Direct Billing from Utility, Utility Metering: Separate Electric, Separate Gas, Water Source: "Public"
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