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508 W Olive St , A&B

Fort Collins, CO 80521
  • $1,299,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 986657
Price Reduced
UPDATED: 68 min ago
$1,299,000
  • 7
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,414
    SQFT
  • $380
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1918
County:

School Information

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

Description

Unbelievable and rare investment opportunity for these 2 homes located in the Heart of Old Town Fort Collins. Gorgeous 2 Story home with a separate Carriage house in back just blocks to CSU and Old Town FTC. STR license is avail & could generate nearly $200K in income. Carriage house has amazing rental history through vrbo for years (could be doubled if they used Air bnb as well). Main house consists of 6 bedrooms and 3 baths on 3 floors (2 beds & bath per floor) and carriage house has 1 bed 1 bath w/ loft. Carriage house comes fully furnished and turn key. Upgrades are: New roof on both main & carriage house, gutters, interior and exterior paint. New kitchen cabinets, tile, and countertops. New main level bath. Refinished wood floors, new laminate floors on main & new flooring in basement. New enclosed front porch & landscape. New fence, driveway & stamped concrete patio. Guests and tenants can each enjoy their own private yards/patios and parking areas too. This is an amazing opportunity, live in one and rent the other .Perfect for CSU students and parents that want to come and visit and have a place to stay.

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© 2023 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 Brokers, LLC.. Data last updated: 2023-05-28T10:41:32.847.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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508 W Olive St , A&B Fort Collins, CO 80521

  • Price: $1,299,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 68 min ago
  • MLS #: 986657
7
Beds
0
Baths
0
½ Baths
0.23
Acres
3,414
SQFT
$380
$/SQFT
1918
Built
Neighborhood:
Old Town West
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Dunn
Middle School:
Lincoln
High School:
Poudre
School District:
Poudre
Property Description
Unbelievable and rare investment opportunity for these 2 homes located in the Heart of Old Town Fort Collins. Gorgeous 2 Story home with a separate Carriage house in back just blocks to CSU and Old Town FTC. STR license is avail & could generate nearly $200K in income. Carriage house has amazing rental history through vrbo for years (could be doubled if they used Air bnb as well). Main house consists of 6 bedrooms and 3 baths on 3 floors (2 beds & bath per floor) and carriage house has 1 bed 1 bath w/ loft. Carriage house comes fully furnished and turn key. Upgrades are: New roof on both main & carriage house, gutters, interior and exterior paint. New kitchen cabinets, tile, and countertops. New main level bath. Refinished wood floors, new laminate floors on main & new flooring in basement. New enclosed front porch & landscape. New fence, driveway & stamped concrete patio. Guests and tenants can each enjoy their own private yards/patios and parking areas too. This is an amazing opportunity, live in one and rent the other .Perfect for CSU students and parents that want to come and visit and have a place to stay.
Exterior Features

Architectural Style Cottage/Bung Construction Materials Wood/Frame Exterior Features Lighting Fencing Fenced Horse YN No Levels Two Lot Features CurbsGuttersSidewalksFire Hydrant Within 500 FeetLawn Sprinkler SystemLevel Other Parking Parking Per Unit(2 Spaces/Unit) Parking Features Alley Access Patio And Porch Features PatioDeck Road Surface Type Paved Roof Composition Spa YN No View City Waterfront YN No

Interior Features

Appliances Electric Range/OvenGas Range/OvenDishwasherRefrigerator Basement Full Cooling Room Air Conditioner Cooling YN Yes Flooring Wood Floors Heating Forced Air Heating YN Yes Interior Features Eat-In KitchenSeparate Dining RoomOpen FloorplanLoft Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 6 Unit1 Est Sq Ft 2919 Unit1 Total Baths 3 Unit2 Bedrooms 1 Unit2 Est Sq Ft 495 Unit2 Total Baths 1 Window Features Window CoveringsSkylight(S)

Property Features

Association YN No Cap Rate 14.08 Ditches Active YN No Gas Natural GasXcel Gross Income 197400 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Fort Collins Net Operating Income 182956 New Construction YN No Operating Expense 14444 Possible Use Single FamilyMulti-FamilyCommercial Or IndustrialAdditional Units Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Special Listing Conditions Private Owner Tax Annual Amount 2744 Tax Year 2022 Tenant Pays Deposit Unit1 Rent 180000 Unit2 Rent 17400 Utilities Natural Gas Available Water Source City WaterCity Of Ftc Zoning Ncm

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Bobby Khan of Integrity Realty: 9704848900.



© 2023 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 Brokers, LLC.. Data last updated: 2023-05-28T10:41:32.847.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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Fort Collins CO, 80521