602 Central Ave, Wiggins, CO 80654

$1,250,000
9,208
SqFt
List Price
$1,250,000
Status
ACTIVE
MLS#
957228
Year Built
1952
Living Area
9,208
Lot Size
30,056
Subdivision
WOODS FIRST ADD

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 12 Apartment Units with 21 bedrooms and 12 bathrooms, and 2 car garage. 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. Vacancy Rate more specifically identified in documents. Potential Rental Income is accurate and based on income from 2021 with vacancies considered.

Additional Information

Taxes
$3,399
New Financing
Cash, Conventional
Capitalization Rate
6.65
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
0.69
Heating
Forced Air
Utilities
Natural Gas, Electric
Basement Foundation
Partial Basement
Unit Ones Numberof Bedrooms
2
Gross Operating Income
112875.0000
Net Operating Income
$83,124
Total Operating Expense
29750.8800
Tenant Pays
Deposit
Total Numberof Units
12
Unit Sixs Numberof Bedrooms
2
Zoning
Res
Locale
Wiggins
Inclusions
All Appliances
Ownership
Private Owner

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy of : Berkshire Hathaway-Greeley, 9703510090

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