Fort Lupton, CO 80621,931 Denver AVE
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Fort Lupton, CO 80621,931 Denver AVE
Fort Lupton, CO 80621,931 Denver AVE
Fort Lupton, CO 80621,931 Denver AVE
Fort Lupton, CO 80621,931 Denver AVE

$730,000

Est. payment /mo

$1,050,000

30.5%
Est.Price: ?

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931 Denver AVE Fort Lupton, CO 80621

1.81 Acres Lot

SOLD DATE : 04/04/2023

Key Details

Sold Price $730,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 8785800

Sold Date 04/04/23

HOA Y/N No

Originating Board recolorado

Year Built 1930

Annual Tax Amount $4,972

Tax Year 2020

Lot Size 1.810 Acres

Acres 1.81

Property Description

MOTIVATED SELLER!! BRING ME AN OFFER!! VALUE-ADD OPPORTUNITY, UNDER $53,000 PER UNIT, 23-unit multifamily community in Fort Lupton, five miles north of Brighton and 30 minutes north of downtown Denver. Located on the northern end of downtown Fort Lupton, the property consists of 12 apartment units and 11 mobile homes. The Property sits on a large 1.81-acre parcel that encompasses an entire city block. The main portion of the property was constructed in 1930, with later additions. The 12 apartment units have a great unit mix of studios and one- and two-bedroom units. A three-bedroom house with a two-car garage and private backyard is also located on-site. All units are single story, have front and rear entrances, and offer full kitchens and bathrooms. The apartments are master metered for gas, electricity, water, and sewer, which is currently paid by the owner. Ideally, a utility bill-back system should be implemented. The 11 mobile homes have a mix of one- and two-bedroom units. All residents are responsible for paying their own gas and electric usage, and all homes are connected to city water and sewer. This is a strong value-add opportunity for a buyer seeking to increase rents by rehabbing the apartments and mobile homes. GREAT REDEVELOPMENT DEAL!!! Fort Lupton is a growing town with minimal multifamily vacancy.

Location

State CO

County Weld

Interior

Fireplace N

Exterior

Roof Type Composition

Total Parking Spaces 40

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Frame

Others

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Bought with Compass - Denver

Jim Cavoto

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