14 bedroom house for sale
$1,795,000 - Fort Collins CO 80521Fort Collins CO 80521
14 bedroom house for sale
- Beds: 14
- Baths: 9
- Price: $1,795,000
- Reference No.: 71262005
- Area: 7,500 sqft
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Overview
Property is fully leased thru NEXT June/July (Unit Dependent) summer of 2024A truly unique Investment Opportunity in the heart of Downtown Fort Collins. Check this one out, as it offers great in place rents and a solid Cap Rate with the upside of additional future redevelopment potential on this 16, 900 sqft Old Town corner lot! Property includes 7 total units - a Legal Triplex fronts the property on Meldrum and 4 separate Mobile Home units. These well located, affordable rental units are always fully leased! Down the road, join several other previous Downtown redevelopment projects that have had great success in an around this burgeoning area of Old Town! Buy as an investment that cash flows now, and make an income while planning your next project in this NCB zoning district. The chance to own over 1/3 acre of highly desirable Old Town dirt w/ income in such a close proximity to Restaurants, Shopping, Lee Martinez Park, and all that Old Town has to offer is a real rarity. Property is fully leased thru NEXT June/July (Unit Dependent) summer of 2024. Please feel free to reach out to the City of FTC for more information on the future redevelopment possibilities. Seller has a letter in hand from Planning and Zoning that allows the 4 mobile homes to be replaced and swapped out at any point in the future. So use your creativity, and either upgrade and swap out for more income, or replace with newer tiny houses, or do a total redevelopment?! So many options and so much potential here. Unfortunately, showings will not be possible on all units until time of Contract. Units are all in middle of the road rental grade condition. Trailer SQFT is added to total SQFT on the listing. Buyer to verify. Property is being sold in its current As-Is Where-Is condition. Sellers are licensed Real Estate Brokers in the State of Colorado, and will be completing a 1031 Tax Deferred Exchange. For more details and to contact: https://realtyww.info/homes_fort-collins-d523159/for-sale_i71262005
House Fort Collins
This House for sale is located at Fort Collins CO 80521. The home has 14 Bedroom and 9 Bathrooms. This 14 bedroom House in Fort Collins CO is for sale for $1,795,000 .
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2024-04-30, Viewed 0 times.
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The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-30, Viewed 0 times.
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