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    324 E Railroad Ave

    Fort Morgan, CO 80701
    • $688,000
    • STATUS: Active
    • ON SITE: 151 days
    • ID#: 934247
    UPDATED: 145 min ago
    $688,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1994
    County:

    School Ratings & Info

    Description

    Well known multi unit commercial building near the downtown of Fort Morgan! This building has always had such a classic look & feel with updates throughout & multiple long term tenants in place! The building sits on a corner lot with parking on the side & front as well as parking in the back for the tenants. 4 zones for heating & cooling which allows tenants to regulate according to their needs. A must see property if you are looking for your next investment!

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    © 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mile High Luxury Real Estate. Data last updated: 2021-07-27T23:38:37.813.
    www.milehighluxury.com/homes/114570492
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    324 E Railroad Ave Fort Morgan, CO 80701

    • Price: $688,000
    • Status: Active
    • Updated: 145 min ago
    • ID#: 934247
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    1994
    Built
    Neighborhood:
    Fort Morgan Old Town
    County:
    Morgan
    Area:
    14 Morgan County (all)
    Property Description
    Well known multi unit commercial building near the downtown of Fort Morgan! This building has always had such a classic look & feel with updates throughout & multiple long term tenants in place! The building sits on a corner lot with parking on the side & front as well as parking in the back for the tenants. 4 zones for heating & cooling which allows tenants to regulate according to their needs. A must see property if you are looking for your next investment!
    Exterior Features

    Construction Materials Composition Siding Horse YN No Lot Features CurbsSidewalksCorner LotWithin City Limits Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa YN No View City Waterfront YN No

    Interior Features

    Basement None Building Area Total 6720 Cooling Refrigeration/Hvac Cooling YN Yes Has Family Room No Heating Forced Air Heating YN Yes Living Area 6720 Living Area Source Assessor

    Property Features

    Association YN No Cap Rate 9.49 Exclusions All Of The Tenant's Personal Property Gross Income 74400 Has Green Features Addendum No Has Hoa Covenants No Has Hoa2 No Has Hoa2 Covenants No Has Improvements No Has Solar Thermal No Has Water Rights No Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Brush Net Operating Income 65301.56 New Construction YN No Operating Expense 9098.44 Possible Use CommercialCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Multi Family Sale Includes Building(S)LandLeases Senior Community YN No Sewer City Sewer Tax Annual Amount 9098.44 Tenant Pays None Water Source City WaterCity Of Fort Morgan Zoning Commercial

    Listing information © 2021 Information and Real Estate Services
    Listing provided courtesy of Mandy Dreier of Colorado Land Co. Llc.



    © 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mile High Luxury Real Estate. Data last updated: 2021-07-27T23:38:37.813.
     
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    Denver CO, 80204