101 Lowell Place

Fort Morgan, CO 80701
Beds
8
Square Ft.
3,264
$649,000
Rare Investment Opportunity: 4 Unit Apartment Building in Fort Morgan Colorado. Take advantage of is rare opportunity to invest in an income operating building, or buy the building and live in one of the units (Subject to the current Tenant rights), and rent out the remaining units as income. ThisRead MoreRead Less
Market LogoCourtesy of Newmark Real Estate Company [email protected]
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Beds
8
Square Ft.
3,264
Lot Size
0.51 Acres
Year Built
1980
MLS Number
8019844
30 Days Snapshot Of 80701
$368k
+7%
(avg) sold price
17
-10%
homes sold
132
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Responsibility: "Public Maintained Road"
Appliances & Equipment
"Dishwasher", "Range", "Range Hood", "Refrigerator"
Building
Above Grade Finished Area: 3264, Architectural Style: "Traditional", Construction Materials: "Brick", "Frame", "Stucco", Levels: "Two", Living Area: 3264, Occupant Type: Tenant, Structure Type: "Quadruplex", Total Area: 3264, Unit Count: 1, Unit Types: "Array", Built in 1980
Cooling
Cooling: "None"
Disclosures
Exclusions: Tenant's personal property.
Expenses
Operating Expense Includes: "Insurance", "Maintenance", "Real Estate Tax", "Utilities", Operating Expense: $16,984, Projected Annual Expense: $17,468
Exterior Features
Features: "Balcony"
Fence
Fencing: "Partial"
Floors
Flooring: "Carpet", "Linoleum"
Heating
Heating: "Baseboard", "Electric", "Radiant"
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: 28016.00, Gross Income: $45,000, Projected Annual Net Income: $30,532, Projected Gross Income: $48,000
Lot
Acres: 0.51, Area: 22186, Features: "Cul-De-Sac", "Level", Parcel Number: 122712101002, Square Feet: 22186
Owner Pays
Owner Pays: "Electricity", "Insurance", "Taxes", "Trash Collection", "Water", Ownership: Individual
Parking
Parking Total: 5, Carport Spaces: 0, Offstreet Spaces: 5, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1, Features: "Asphalt"
Property
Livable Structure Count: 0, Out Building Count: 0, Property Sub Type: Quadruplex
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", "Telephone"
Utilities
Electric: "220 Volts", Utility Billing To Tenants: Direct Billing from Utility, Utility Metering: Separate Electric, 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.