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    1817 E Lincoln Ave

    Fort Collins, CO 80524
    • $650,000
    • STATUS: Active
    • ON SITE: 702 days
    • MLS #: 892677
    Price Reduced
    UPDATED: 52 min ago
    $650,000
    • 13
      BEDS
    • 1.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $108
      $/SQFT
    Neighborhood:
    Na
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Information

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

    Description

    OPPORTUNITY ZONE commercial/industrial property. Here is a great property to eliminate capital gains tax while enjoying a high rental return in a high traffic area of Fort Collins. Currently 6 rentals, two 2 bedroom houses, large garage and 4 mobile homes. The property has gross return of $4,660 monthly. Zoned Commercial, can change to Industrial. New sewer lines underground. Properties are grand-fathered. Op Zone allows deferral of current capital gain tax, and completely eliminate future gains

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    © 2021 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 Downtown Real Estate Partners, LLC.. Data last updated: 2021-08-01T16:38:11.567.
    www.downtownre.com/homes/98454151
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    1817 E Lincoln Ave Fort Collins, CO 80524

    • Price: $650,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 892677
    13
    Beds
    0
    Baths
    0
    ½ Baths
    1.03
    Acres
    6,000
    SQFT
    $108
    $/SQFT
    1910
    Built
    Neighborhood:
    Na
    County:
    Larimer
    Area:
    09 Fort Collins area
    Elementary School:
    Other,Other
    Middle School:
    Other
    High School:
    Other
    School District:
    OTHER
    Property Description
    OPPORTUNITY ZONE commercial/industrial property. Here is a great property to eliminate capital gains tax while enjoying a high rental return in a high traffic area of Fort Collins. Currently 6 rentals, two 2 bedroom houses, large garage and 4 mobile homes. The property has gross return of $4,660 monthly. Zoned Commercial, can change to Industrial. New sewer lines underground. Properties are grand-fathered. Op Zone allows deferral of current capital gain tax, and completely eliminate future gains
    Exterior Features

    Architectural Style Ranch Construction Materials Wood/Frame Horse YN No Other Parking Parking Per Unit(2 Spaces/Unit) Property Attached YN No Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

    Interior Features

    Basement None Heating Forced Air Heating YN Yes Living Area Source Other Unit1 Bedrooms 2 Unit1 Est Sq Ft 826 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 640 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 692 Unit3 Total Baths 1

    Property Features

    Association YN No Cap Rate 6.39 Electric ElectricXcel Gas Natural GasAtmos Gross Income 55081.2 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms Cash Locale Fort Collins Net Operating Income 41569.76 New Construction YN No Operating Expense 13511.44 Possible Use CommercialCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Commercial Sewer District Sewer Tax Annual Amount 1575.44 Tax Year 2019 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source District WaterElco Zoning Commercial

    Listing information © 2021 Information and Real Estate Services
    Listing provided courtesy of Matt Ackerman of Resident Realty.



    © 2021 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 Downtown Real Estate Partners, LLC.. Data last updated: 2021-08-01T16:38:11.567.
     
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    Downtown Real Estate Partners, LLC.
    528 S. Howes St.
    Fort Collins CO, 80521