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Sold on 07/06/2022

602 Central Ave, Wiggins, CO 80654

  • $1,800,000

    Last sold 07/06/2022 after 183 Days

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    bed

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    bath

Multi-family not for sale
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About 602 Central Ave

Property type Multi-family
Year built 1952
HOA fee $0/month
Lot size 2.05 Acre
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.
Listed by
Listing Agent - Kaleigh Key
Listing Agent Contact: 9703510090
Listing Office - Berkshire Hathaway-Greeley
Source: IRESMLS mls logo
MLS#957227 • last updated 8 months ago
Movoto checked IRESMLS for data 7 minutes ago
Overview
Heating Forced Air
Levels/Style One
MLS # 957227
Type Residential Income
Status Sold
SubType Multi Family
Lot Size (Acres) 2.05
Annual Tax 4157.32
Interior
Basement Partial
Exterior
Roof Composition
Construction Frame
Lot Features Water Rights Excluded, Mineral Rights Excluded
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available
Sewer/ Septic Public Sewer
Water Source City
Appliances Some Appliances
Location
County Morgan
Subdivision WOODS FIRST ADD, WIGGINS TRAV-O-TEL MOBILE HOME PK
Middle School Wiggins
High School District Wiggins RE 50
APN 122315104001
Multifamily Details
Tenant Pays Deposit
Total # of Units 34
Cap Rate 6.32
Operating Expense 73301.34
Gross Income 190375
Lot/ Land Details
Possible Use Multi-Family, Mobile Homes, Commercial, Industrial
  • Jul 2022
    mls logo MLS # 957227
  • Jul 6, 2022 Sold
    $1,800,000 (+79.9%)
  • May 14, 2022 Price Change
    $1,850,000 (-7.5%)
  • Jan 9, 2022 Listed
    $2,000,000 (+60.0%)
  • Jan 4, 2022 Listed
    $1,850,000
  • May 2022
    mls logo MLS # 957228
  • May 14, 2022 Price Change
    $1,000,500 (-45.9%)
  • Jan 8, 2022 Listed
    $1,250,000 (-32.4%)
  • 602 Central Ave
    $1.8M
  • —
  • 80654
    $475K -4% y/y
  • Wiggins
    $475K -4% y/y
No chart available
Statistics calculated by Movoto

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5/10
Wiggins Elementary School
public Grades PK, K-6
Wiggins Re-50(J) School District
N/A
Wiggins Middle School
public Grades 7-8
Wiggins Re-50(J) School District
3/10
Wiggins High School
public Grades 9-12
Wiggins Re-50(J) School District
Source: GreatSchools.org © 2026. All rights reserved.

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