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404 State St - Strong Cashflow Multifamily Opportunity 4 Unit Apartment Building Offered at $795,000 at a 7.57% Cap Rate Fort Morgan, CO 80701

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Investment Highlights

Back units newly built-out (2024)
Spacious units with in-unit laundry

Highly desirable location overlooking Glenn Miller Park
Located in northern Colorado, one of the fastest-growing regions in the country

Executive Summary

This four-unit multifamily property located at Fort Morgan offers a compelling opportunity for investors seeking stable asset, with positive cash flow, in a growing regional market. The asset benefits from spacious units and consistent rental demand driven by the area’s agricultural, industrial, and service-based employment base. Its manageable size allows for efficient operations while still providing scale beyond single-family rentals. With strong housing demand in the area, the property presents both immediate income and long-term value appreciation.

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Property Facts

Price	$795,000	Lot Size	0.21 AC
Price Per Unit	$198,750	Building Size	6,200 SF
Sale Type	Investment	Average Occupancy	100%
Cap Rate	7.57%	No. Stories	2
No. Units	4	Year Built	1905
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$795,000
Price Per Unit	$198,750
Sale Type	Investment
Cap Rate	7.57%
No. Units	4
Property Type	Multifamily
Lot Size	0.21 AC
Building Size	6,200 SF
Average Occupancy	100%
No. Stories	2
Year Built	1905
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.