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312 Locust Dr

Fort Collins, CO 80524
  • $1,200,000
  • STATUS: Active Under Contract
  • ON SITE: 11 days
  • MLS #: 946465
Under Contract
UPDATED: 91 min ago
$1,200,000
  • 7
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,078
    SQFT
  • $577
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1936
County:

School Information

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

Description

*Property rents should be higher based on current rental rates in market. Potential rent income could be up to $6200/mo, which significantly changes CAP rate.* Perfect location, close to Old Town! Great investment/income property w/ SF home + 4 additional units! 10 parking spots + detached 1-car garage. Home features wood flrs, granite tile counters, newer plumbing/electrical. Apts feature newer 90% eff. boiler/hot H2O htr. New exterior paint. 2 aptmts have been updated.

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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: 2021-08-01T23:38:33.38.
www.downtownre.com/homes/119553511
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312 Locust Dr Fort Collins, CO 80524

  • Price: $1,200,000
  • Status: Active Under Contract
  • Updated: 91 min ago
  • MLS #: 946465
7
Beds
0
Baths
0
½ Baths
0.22
Acres
2,078
SQFT
$577
$/SQFT
1936
Built
Neighborhood:
None
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Laurel
Middle School:
Lesher
High School:
Ft Collins
School District:
Poudre
Property Description
*Property rents should be higher based on current rental rates in market. Potential rent income could be up to $6200/mo, which significantly changes CAP rate.* Perfect location, close to Old Town! Great investment/income property w/ SF home + 4 additional units! 10 parking spots + detached 1-car garage. Home features wood flrs, granite tile counters, newer plumbing/electrical. Apts feature newer 90% eff. boiler/hot H2O htr. New exterior paint. 2 aptmts have been updated.
Exterior Features

Architectural Style Cottage/BungRanch Construction Materials Wood/Frame Exterior Features Lighting Horse YN No Lot Features CurbsGuttersSidewalks Patio And Porch Features PatioDeck Property Attached YN No Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenSelf Cleaning OvenDishwasherRefrigeratorWasherDryerMicrowave Basement Full90%+ Finished Basement Cooling Central AirRoom Air Conditioner Cooling YN Yes Fireplace Features Gas Fireplace YN Yes Heating Forced AirBaseboard Heating YN Yes Living Area Source Other Unit1 Bedrooms 3 Unit1 Total Baths 2 Unit2 Bedrooms 1 Unit2 Total Baths 1 Unit3 Bedrooms 1 Unit3 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 5.49 Electric ElectricCity Of Ftc Exclusions Personal Property Gas Natural GasXcel Energy Gross Income 75000 Has Improvements No Has Water Rights No Listing Sub Status Backup Listing Terms CashConventional Locale Fort Collins Net Operating Income 65883 New Construction YN No Operating Expense 9117 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Sewer City Sewer Tax Annual Amount 4482 Tax Year 2020 Tenant Pays Electricity Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Ftc Zoning Ncm

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Ryan Spencer of Group Harmony.



© 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: 2021-08-01T23:38:33.38.
 
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Downtown Real Estate Partners, LLC.
528 S. Howes St.
Fort Collins CO, 80521