602 Central Ave, Wiggins, CO 80654
- $1,850,000
- 9,208
- SqFt
- List Price
- $1,850,000
- Status
- ACTIVE
- MLS#
- 957227
- Price Change
- ▼ $150,000 1652581144
- Year Built
- 1952
- Living Area
- 9,208
- Lot Size
- 89,297
- Subdivision
- WOODS FIRST ADD, WIGGINS TRAV-O-TEL MOBILE HOME PK
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.
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Additional Information
- Taxes
- $4,157
- New Financing
- Cash, Conventional
- Capitalization Rate
- 6.32
- Construction
- Wood/Frame
- Style
- 1 Story/Ranch
- Property Styles
- 1 Story/Ranch
- School District
- Wiggins RE 50
- Elementary School
- Wiggins
- Middle School
- Wiggins
- High School
- Wiggins
- Approximate Acreage
- 2.05
- Heating
- Forced Air
- Utilities
- Natural Gas, Electric
- Basement Foundation
- Partial Basement
- Unit Ones Numberof Bedrooms
- 2
- Gross Operating Income
- 190375.0000
- Net Operating Income
- $117,073
- Total Operating Expense
- 73301.3400
- Tenant Pays
- Deposit
- Total Numberof Units
- 34
- Unit Sixs Numberof Bedrooms
- 2
- Zoning
- Res/Com
- Locale
- Wiggins
- Inclusions
- Some Appliances
- Ownership
- Private Owner
- Possible Usage
- Multi Family, Mobile Homes, Commercial or Industrial
- Mineral Water Rights
- Water Rights Excluded, Mineral Rights Excluded
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Listing Courtesy of : Berkshire Hathaway-Greeley, 9703510090
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