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931 Denver Avenue

Fort Lupton, CO 80621
  • $1,750,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: 8785800
UPDATED: 53 min ago
$1,750,000
  • 0
    BEDS
  • 1.81
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,200
    SQFT
  • $133
    $/SQFT
Type:
Multi-Family
Built:
1930
County:
Area:

School Ratings & Info

Offered by Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc..

Description

VALUE-ADD OPPORTUNITY, UNDER $80,000 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. Fort Lupton is a growing town with minimal multifamily vacancy.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Alliance are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.coloradorealestateadvisors.com/homes/122668972
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931 Denver Avenue Fort Lupton, CO 80621

  • Price: $1,750,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 53 min ago
  • ID#: 8785800
0
Beds
0
Baths
0
½ Baths
1.81
Acres
13,200
SQFT
$133
$/SQFT
1930
Built
County:
Weld
Area:
Fort Lupton
Property Description
VALUE-ADD OPPORTUNITY, UNDER $80,000 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. Fort Lupton is a growing town with minimal multifamily vacancy.
Exterior Features

Architectural Style Low Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Size Area 1.81 Lot Size Square Feet 78844 Parking Total 40 Roof Composition Structure Type Low Rise

Property Features

Construction Materials Frame Exclusions Personal Property Belonging To Tenants. Possession Closing Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 4972 Tax Year 2020 Water Source Public

Listing courtesy of Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc.: MLS #8785800


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Alliance are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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Offered by Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc..