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602 Central Ave

Wiggins, CO 80654
  • $2,000,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 957227
UPDATED: 29 min ago
$2,000,000
  • 11
    BEDS
  • 2.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,208
    SQFT
  • $217
    $/SQFT
Type:
Multi-Family
Built:
1952
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

LUCRATIVE INCOME PROPERTY 1 HR FROM DENVER AND 1 HR 15 MIN TO FT. COLLINS. Located in the fast-growing town of Wiggins that is booming with Residential and Commercial developments. Featuring 20 lots with Tenant-Owned mobile homes, 2 RV lots, 2 car garage, and 12 Apartment Units with 21 bedrooms and 12 bathrooms. With low vacancy and minimal maintenance, this one is a must see. Great location within minutes from I-76 and Hwy 34 and walking distance to local restaurants, and many amenities (see images with a map of some local businesses). Projection of Expenses to decrease in upcoming year. CONSIDERATIONS: Garage on location has been recently rented but not reflected on listing. Identified by 3 TAX IDs (Further explained in documents including Public Record Property Detail).Vacancy Rate more specifically identified in documents. Potential Rental Income is accurate and based on income from 2021 with vacancies considered.

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© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or You 1st Realty. Data last updated: 2022-01-16T23:40:02.283.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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602 Central Ave Wiggins, CO 80654

  • Price: $2,000,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 29 min ago
  • MLS #: 957227
11
Beds
0
Baths
0
½ Baths
2.05
Acres
9,208
SQFT
$217
$/SQFT
1952
Built
Neighborhood:
Woods First Add, Wiggins Trav-O-Tel Mobile Home Pk
County:
Morgan
Area:
14 Morgan County (all)
Elementary School:
Wiggins
Middle School:
Wiggins
High School:
Wiggins
School District:
Wiggins RE 50
Property Description
LUCRATIVE INCOME PROPERTY 1 HR FROM DENVER AND 1 HR 15 MIN TO FT. COLLINS. Located in the fast-growing town of Wiggins that is booming with Residential and Commercial developments. Featuring 20 lots with Tenant-Owned mobile homes, 2 RV lots, 2 car garage, and 12 Apartment Units with 21 bedrooms and 12 bathrooms. With low vacancy and minimal maintenance, this one is a must see. Great location within minutes from I-76 and Hwy 34 and walking distance to local restaurants, and many amenities (see images with a map of some local businesses). Projection of Expenses to decrease in upcoming year. CONSIDERATIONS: Garage on location has been recently rented but not reflected on listing. Identified by 3 TAX IDs (Further explained in documents including Public Record Property Detail).Vacancy Rate more specifically identified in documents. Potential Rental Income is accurate and based on income from 2021 with vacancies considered.
Exterior Features

Architectural Style Ranch Construction Materials Wood/Frame Horse YN No Lot Features Water Rights ExcludedMineral Rights Excluded Property Attached YN Yes Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Some Appliances Basement Partial Heating Forced Air Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 862 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 500 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 600 Unit3 Total Baths 1 Unit4 Bedrooms 1 Unit4 Est Sq Ft 300 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 5.85 Ditches Active YN No Electric Electric Exclusions Personal PropertyTenant-Owned HomesAny Remaining Mineral Rights Gas Natural Gas Gross Income 190375 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Wiggins Net Operating Income 117073.66 New Construction YN No Operating Expense 73301.34 Possible Use Multi-FamilyMobile HomesCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Condominium Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 4157.32 Tax Year 2020 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterTown Of Wiggins Zoning Res/Com

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Kaleigh Key of Berkshire Hathaway-Greeley: 970-351-0090.



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or You 1st Realty. Data last updated: 2022-01-16T23:40:02.283.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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