404 State Street Fort Morgan, CO $ 559,900
404 State Street
$ 559,900
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404 State Street

Fort Morgan, CO, 80701
$ 559,900
Baths0.0 Sq 2,372

Monthly Estimate*

$ 3,721

Listed by Colorado Land Co. LLC
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Studio

Multi-Family Home for sale in Fort Morgan, CO

for $559,900. This 2,372 square foot home was built in 1906 on a lot size of 0.21.

Welcome to 404 State St in downtown Fort Morgan, CO-an extraordinary property boasting two recently renovated income-generating apartments and a generously sized shop/event space. This versatile gem offers not just a place to live, but an opportunity to cultivate multiple streams of income. The charming apartments exude character, providing comfortable living spaces for tenants or extended family members. Meanwhile, the expansive shop/event space invites creativity and entrepreneurship, perfect for hosting gatherings or pursuing personal passions. Situated in the heart of downtown Fort Morgan, convenience is at your doorstep with shops, restaurants, and amenities just moments away. Plus, enjoy the vibrant community atmosphere with Glenn Miller Park events held all summer and fall just across the street. Don't miss your chance to own this dynamic property-schedule your showing today and unlock the potential awaiting at 404 State St!

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Multi-Family Active

Price

$ 559,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,788

Style

Lot Size

0.21

Year Built

1906

Town/City

Fort Morgan

County/Region

Morgan

MLS | Web ID

IR1005798

Features
General
Sewer Public Sewer
Heating Baseboard Forced Air
Cooling Air Conditioning-Room Central Air
Utilities Cable Available Electricity Available Natural Gas Available
Possession Closing/DOD
Roof Composition Metal
Appliances Dishwasher Dryer Oven Refrigerator Washer
Zoning R/B1/Mix
Patio/Porch Features Deck
Construction Materials Stone Wood Frame
Exclusions Seller personal property Tenants personal property
Year Built 1906
Tenant Pays Electricity
View City
Levels Two
Property SubType Triplex
Tax Year 2023
Percent Ownership Individual
Gross Income 2700
County Morgan
Net Operating Income 1948
Operating Expense 2418
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name FORT MORGAN ORIGINAL TOWN
Facing Direction West
Possible Use Commercial Industrial Multi-Family
Status Active
Directions https://google.com/maps/dir//404+State+St +Fort+Morgan +CO+80701/data=!4m6!4m5!1m1!4e2!1m2!1m1!1s0x876def203f85e531:0xf96cdc5fb726baa5?sa=X&ved=1t:707&ictx=111
High School Fort Morgan
City Fort Morgan
Buyer Agent Compensation 2.50
High School District Fort Morgan RE-3
NumberOfUnitsTotal 3
Lot Size Square Feet 9000
Street Name State
Listing Terms Cash Conventional FHA VA Loan
Elementary School Green Acres
Tax Annual Amount 1788
Middle/Junior High School Fort Morgan
Virtual Tour https://youtu.be/G8VNxnkUt18
Standard Status Active
Occupancy Type Tenant
Elementary School District Fort Morgan RE-3
Cap Rate 6.4
Buyer Agent Compensation Type %
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Interior
Basement Partial
Basement (Y/N) Y
Street Suffix Street
Laundry Features In Unit
Main Level Bedrooms 0
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Exterior
Lot Features Level
Water Source Public
Building Area Total 2372
Lot Size Acres 0.21
Road Surface Type Alley Paved Paved
Road Frontage Type Public
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Internal Only
Street Number 1 404
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* Excluded Features
List By
Colorado Land Co. Llc

Broker

(970) 380-8562

Phone

Affordability Calculator

$3,870
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,721
Monthly Property Taxes
$149
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3043253 Elementary School
3043950 Middle School
Fort Morgan High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2024$559,900 Listed Price

Map


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404 State Street, Fort Morgan, CO, 80701 is a Multi-Family Home for sale at $559,900 with 2,372 sqft and a lot size of 0.21. 404 State Street is a studio with 0.0 baths and was built in 1906. The property's zip code is 80701 which is in Fort Morgan, CO