Skip To Content

1619 Palm Dr

Fort Collins, CO 80526
  • $2,950,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 977743
UPDATED: 12 min ago
$2,950,000
  • 2
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,720
    SQFT
  • $303
    $/SQFT
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Amazing opportunity to purchase 3 - Fort Collins 4 plexes just west of CSU. In place 6 CAP and room to increase rents 10% + come August. 9 of the 12 units have been fully updated in 2022 including new kitchens, appliances, bathrooms, doors/trim, LVP floors, paint. All 12 units are 810 SF 2 BR/1 BA units and have brand new windows, concrete patios and walk ways. Several new furnaces, water heaters and AC's! New asphalt parking lot has 24 off street parking spots. Over $600k in renovations!!! Professionally managed. Each 4 plex is separately deeded and qualifies for 1-4 unit financing yet the properties are next door to one another. Leases run through 7/31/23. 3 tenants have been at the property for years and would like to stay.

Monthly Payment Calculator



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2022-11-27T14:42:13.15.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.discovercoloradohomes.net/homes/134231830
Print Image

1619 Palm Dr Fort Collins, CO 80526

  • Price: $2,950,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 12 min ago
  • MLS #: 977743
2
Beds
0
Baths
0
½ Baths
0.7
Acres
9,720
SQFT
$303
$/SQFT
1970
Built
Neighborhood:
Elliott Miller Foothills West
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Bauder
Middle School:
Blevins
High School:
Rocky Mountain
School District:
Poudre
Property Description
Amazing opportunity to purchase 3 - Fort Collins 4 plexes just west of CSU. In place 6 CAP and room to increase rents 10% + come August. 9 of the 12 units have been fully updated in 2022 including new kitchens, appliances, bathrooms, doors/trim, LVP floors, paint. All 12 units are 810 SF 2 BR/1 BA units and have brand new windows, concrete patios and walk ways. Several new furnaces, water heaters and AC's! New asphalt parking lot has 24 off street parking spots. Over $600k in renovations!!! Professionally managed. Each 4 plex is separately deeded and qualifies for 1-4 unit financing yet the properties are next door to one another. Leases run through 7/31/23. 3 tenants have been at the property for years and would like to stay.
Exterior Features

Architectural Style Ranch Construction Materials Wood/FrameBrick/Brick Veneer Horse YN No Lot Features CurbsSidewalksFire Hydrant Within 500 Feet Other Parking Parking Per Unit(2 Spaces/Unit) Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenDishwasherRefrigerator Basement None Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features High Speed Internet Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 810 Unit1 Total Baths 1 Window Features Window CoveringsDouble Pane Windows

Property Features

Association YN No Cap Rate 6.29 Ditches Active YN No Electric ElectricCity Of Ftc Exclusions Tenant's Personal Belongings Gas Natural GasXcel Gross Income 207540 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventionalFha Locale Fort Collins Net Operating Income 185595 New Construction YN No Operating Expense 21945 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Sewer City Sewer Special Listing Conditions Licensed OwnerPrivate Owner Tax Annual Amount 15120 Tax Year 2021 Tenant Pays DepositWaterSewer Unit1 Rent 1425 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Fort Collins Zoning Nc

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of David Lund of Noble Venture: 9704203021.



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2022-11-27T14:42:13.15.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1280307-2.jpg https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1280307-2.jpg https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1280307-2.jpg
Logo
Keller Williams Realty Northern Colorado - Old Town
401 Linden Street #1-105
Fort Collins CO, 80524