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Fort Morgan, CO 80701 1012 State St

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  • MLS# 8182845
  • 10/19/2025
  • Request Tour
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  • Beds • 4
  • Baths • 2
  • SQFT • 2,536
  • Garage • 2

Home Details

This is a great investment opportunity for investors looking for steady cash flow and easy maintenance. 12 month leases through at least June 2026 on two units. New 12 month lease just signed for basement unit. Brand New furnace for the main and basement units, and the Upstairs unit has it's own brand new Mini Split Heating and A/C unit. Shared Laundry room. Main level tenant is a long term tenant with a new lease signed through June 2026. Current Property Manager/owner can continue managing the property if investors would like that. Owner/Agent sale. Property is being sold as is. Call or text with any questions!
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Interior Features for 1012 State St

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area1576
BasementPartially Finished
Below Grade Finished Area960

General for 1012 State St

AccessibilityLevel Lot
AppliancesDishwasher, Refrigerator, Washer, Dryer, Disposal
AttributionContactkyle@themilehighrealestate.com, 303-653-6145
Cap Rate7.84
CityFort Morgan
Community FeaturesCommunity Laundry
Construction MaterialsFrame, Stucco
CoolingCentral Air
CountyMorgan
DirectionsFrom I-76 take exit 80 onto County Road 52 (Main Street) heading South, 0.3 mi turn left (East) onto Fremont Ave, 350 ft turn right (South) onto State St, 50 ft the property will be on the left (East).
Elementary SchoolGreen Acres
ExclusionsTenants Personal Property
Expected Active Date 2025-10-19
Garage Spaces2
Gross Income33600
HOANo
HeatingForced Air
High SchoolFort Morgan
High School DistrictFort Morgan RE-3
LevelsTwo
Living Area2536
MLS AreaMorgan
Middle/Junior High SchoolFort Morgan
Net Operating Income24686
New ConstructionNo
Number Of Units Total3
Operating Expense8914
Property TypeResidential Income
RoofFiberglass
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameFort Morgan
Tax Annual Amount1130
Tax Year2023
UtilitiesMaster Meter-Electric, Master Meter-Gas
Year Built1908

Exterior for 1012 State St

Building Area Total2536
FencingFenced
Lot FeaturesCorner Lot, Level
Lot Size Acres0.16
Lot Size Area7000
Other ParkingLess Than 1
Total Parking2
Water SourceCity
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Green Acres Elementary School
Middle School Fort Morgan Middle School
High School Fort Morgan High School

Nathan Washam

Broker/Owner
Price $315,000
MLS#8182845
List Date 10/19/2025
Property Type Income
Phone 970.988.8295
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