120 Peterson St Fort Collins, CO 80524
Old Town NeighborhoodEstimated payment $7,499/month
Highlights
- Wood Flooring
- No HOA
- Outdoor Storage
- Lesher Middle School Rated A-
- Air Conditioning
- 3-minute walk to Library Park
About This Home
This is a unique opportunity to purchase a well-established four-plex with excellent rental history in a prime old town/downtown Fort Collins location. The property consists of four 1 bed/1 bath units. This coveted location is only one block from Old Town Square and one block from the library. In addition, it's located in the City of Fort Collins primary short term rental area. There are good long-term tenants - two may want to stay on and two plan to vacate. The property is extremely well maintained including a newer boiler for heating (hot water radiators), updated electrical throughout, updated plumbing, and all have remodeled kitchens and baths. Along with good mechanicals there are charming features like exposed brick, hardwood floors, even radiant floor heat in two of the units. Tenants share the clothes washer/dryer in the basement and the detached garage and shed provides shared storage. Sellers are participating in a 1031 exchange and the sale will be contingent upon finding a replacement property. Buyers to verify all information.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,765
Year Built
- Built in 1912
Lot Details
- 3,220 Sq Ft Lot
- Partially Fenced Property
- Sprinkler System
Home Design
- Property Attached
- Composition Roof
- Stucco
Interior Spaces
- 2,080 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Flooring
Kitchen
- Gas Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Basement
- Partial Basement
- Sump Pump
Outdoor Features
- Outdoor Storage
Schools
- Laurel Elementary School
- Lesher Middle School
- Ft Collins High School
Utilities
- Air Conditioning
- Radiator
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number R0044245
Community Details
Overview
- No Home Owners Association
- 4 Units
- Ftc Subdivision
Amenities
- Laundry Facilities
- Community Storage Space
Building Details
- Gross Income $74,400
- Net Operating Income $60,761
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/03/2025 04/03/25 | For Sale | $1,275,000 | -- | $613 / Sq Ft |
Source: IRES MLS
MLS Number: 1030095
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