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$559,900
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404 State St
Fort Morgan, CO 80701
6 bed 5 bath 2,372 SqFt ($236/SqFt)
9,000SqFt lot. Built 1906
Listed 2024-03-27, Taxes $1,863
USDA Eligible
near Fort Morgan, CO
 Restrictions may apply
due to home size

Latest Value Estimates: $325,000 from CoreLogic on 2024-04-01. $544,970 from Quantarium on 2024-04-24. $296,000 from Collateral Analytics on 2024-04-17. Forecast Estimate Value:$343,120 in 2025-04-01 by CoreLogic. $556,688 in 2025-04-01 by Quantarium. $298,385 in 2025-02-01 by Collateral Analytics.

Welcome to 404 State St in downtown Fort Morgan

CO-an extraordinary property boasting two recently renovated income-generating apartments and a generously sized shop/event space. This versatile gem offers not a place to live, but an opportunity to cultivate multiple streams of income. The charming apartments exude character, providing com fortable living spaces for tenants or extended family members.

Meanwhile, the expansive shop/event space invites creativity and entrepreneurship, perfect for hosting gatherings or pursuing personal passions. Situated in the heart f downtown Fort Morgan, convenience is at your doorstep with shops, restaurants and amenities moments away. Plus, enjoy the vibrant community atmosphere with Glenn Miller Park events held all summer and fall across the street. Don't miss your chance to own this dynamic property-schedule your showing today and unlock the potential awaiting at 404 State St!


Presented by Daniel Woodring at
Colorado Land Co. Llc.


Property MLS #1005798 from IRES

Bedrooms: 6

Total Bathrooms: 5
Full Bathrooms: 5

Electric Range/Oven
Dishwasher
Refrigerator
Washer
Dryer
Laundry Features: Washer/Dryer Hookups

Cooling Features: Central Air, Room Air Conditioner
Heating Features: Forced Air, Baseboard
Heating: Yes

Interior Amenities: Washer/Dryer Hookups

Basement Description: Partial

Lighting
Other Structures: Storage, Outbuildings
Patio And Porch Features: Deck

Lot Description: Curbs, Gutters, Sidewalks, Level, Abuts Park, Within City Limits
Lot Size Acres: 0.2066116
Lot Size Square Feet: 9000

Parking Features: Alley Access

View: City

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Green Acres
Elementary School District: Fort Morgan RE-3
High School: Fort Morgan
High School District: Fort Morgan RE-3
Middle School: Fort Morgan
Middle or Junior School District: Fort Morgan RE-3

Fort Morgan High School is a public high school located approximately 0.8 miles away.
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Baker Elementary School is a public elementary school located approximately 0.2 miles away.
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Fort Morgan Middle School is a public middle school located approximately 0.4 miles away.
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Trinity Lutheran School is a private elementary school located approximately 1 miles away.
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Number of Units: 3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Unit-1 Square Feet: 1102
Unit-2 Square Feet: 1102
Unit-3 Square Feet: 3945
Unit 1 Total Actual Rent: 1400
Unit 2 Total Actual Rent: 1300

Annual Tax Amount: 1788
Source Listing Status: Active
County: Morgan
Tax Year: 2023
Source Property Type: Residential Income
Possible Use: Multi-Family, Commercial, Commercial or Industrial
Inclusions: Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer
Source Neighborhood: FORT MORGAN ORIGINAL TOWN
Subdivision: FORT MORGAN ORIGINAL TOWN
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$19,740 + $3,000
$22,740
$1,863
2021$41,200 + $3,150
$44,350
$3,638
2020$15,970 + $3,000
$18,970
$1,599
2019$15,970 + $3,000
$18,970
$1,601
2018$13,710 + $2,420
$16,130
$1,382
2017$13,710 + $2,420
$16,130
$1,383
2016$14,130 + $2,090
$16,220
$1,404
2015$14,130 + $2,090
$16,220
$1,384
2014$9,900 + $1,670
$11,570
$1,012
2013$9,900 + $1,670
$11,570
$982
2012$10,800 + $1,760
$12,560
$1,040
2011$10,800 + $1,760
$12,560
$1,054
2009$12,670 + $1,760
$14,430
$1,199
2008$11,460 + $1,760
$13,220
$1,107
2007$11,460 + $1,760
$13,220
$1,134
2006$11,060 + $1,760
$12,820
$1,087

Listed 2024-03-27
$559,900
IRES
Sold 2014-04-28
$287,500
Public Record
Sold 2014-04-18
$287,500
IRES
Listed 2013-11-22
$298,500
IRES
Sold 1982-04-01
$65,200
Public Record

Total Square Feet Living: 2372
Year Built: 1906
Construction Materials: Wood/Frame, Stone
Direction Faces: West
Levels: Two
Property Age: 118
Property Attached: Yes
Property Condition: Not New, Previously Owned
Roof: Composition, Metal

Electric: Electric, City of FM
Gas: Natural Gas, City of FM
Sewer: City Sewer
Natural Gas Available
Electricity Available
Cable Available
Water Source: City Water, City of Fort Morgan
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.