Listed by Pinnacle Real Estate Advisors
$795,000
Strong Cashflow Multifamily Opportunity
Details
Property Type Multifamily
Square Footage 6,200
Units 4
Cap Rate 7.57%
NOI $60,163
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.89%
Pro-Forma NOI $62,761
Price per SqFt $128
Year Built 1906
Year Renovated 1995
Buildings 2
Lot Size (SqFt) 9,147
Investment Type Stabilized
Multifamily | 7.57% CAP | 4 Units
Marketing description
This four-unit multifamily property located at Fort Morgan offers a compelling opportunity for investors seeking stable asset, with positive cash flow, in a growing regional market. The asset benefits from spacious units and consistent rental demand driven by the area's agricultural, industrial, and service-based employment base. Its manageable size allows for efficient operations while still providing scale beyond single-family rentals. With strong housing demand in the area, the property presents both immediate income and long-term value appreciation.
Investment highlights
- Back units newly built-out (2024)
- Highly desirable location overlooking Glenn Miller Park
- Spacious units with in-unit laundry
- Located in northern Colorado, one of the fastest-growing regions in the country
Listing Contacts
Listed by Pinnacle Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,163.00
$5,013.58/mo
Valuation Metrics
0
DSCR
7.57%
Cap Rate
7.57%
ROI
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