Address
931 Denver Avenue Fort Lupton, CO
Price
$ 1,750,000
Property Attributes
  • MLS#8785800
  • TypeCommercial
  • CountyWELD
  • CityFort Lupton
  • Zip80621
  • StyleLowRise
  • Year Built1930
  • Taxes$ 4972
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13200
  • Lot Size1.81 Acres
Listing Provided Courtesy Of:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Data Source:
REColorado (MTOMLS) - 6 - CO
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.

Price History
10/22/2021 Listed $1,750,000

General Features

Architectural Style LowRise
Attached Garage No
Carport Spaces 0.0
Carport Y/N No
City Fort Lupton
Construction Materials Frame
County Weld
Current Use MultiFamily
Days on Market 1
Exclusions Personal property belonging to tenants.
Garage Spaces 0.0
Garage Y/N No
Grossincome 204900.0
Lot Size Square Feet 78844.0
Occupant Type Tenant
Operatingexpense 101783.0
Possession Closing
Property Sub Type Additional MultiFamily
Property SubType MultiFamily
Property Type CommercialSale
Roof Composition
Sewer PublicSewer
Standard Status Active
Status Active
Street Name Denver
Structure Type LowRise
Tax Annual Amount 4972.0
Tax Year 2020
Total Units 23
Walk Score 64
Year Built 1930

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 13200.0
Covered Spaces 0.0
Lot Size Acres 1.81
Lot Size Area 1.81
Lot Size Units Acres
Total Parking 40.0
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80621

Price
AVG $700K
$1.75M
Taxes
AVG $3,269
$4,972
Visits
AVG 16
2
Year Built
AVG 1950
1930
Walkscore
AVG 65
64
Data Provided by Walkscore ® not using MLS data

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