$2,195,000

Estimated payment $13,030/month

Total Views 8,602
16 Beds
10 Baths
10,668 Sq Ft
$206 Price per Sq Ft

Highlights

  • 0.49 Acre Lot
  • Deck
  • Cul-De-Sac
  • Rocky Mountain High School Rated A-
  • No HOA
  • Eat-In Kitchen

About This Home

Don't miss this RARE turnkey investment opportunity! This spacious multifamily building is composed of 8 extra-roomy units that rent themselves on size alone. This professionally managed property features a sprinkler system, refurbished and updated units throughout and a new roof as of 2019. This property has an exceptional rental history! The 3-bedroom units feature in-unit washer/ dryer and a private garage, plus an ample first come first serve parking lot and street parking for the other units. There are 5 ground level units that feature private fenced-in backyards, while the three upstairs units enjoy private balconies! All units have access to a shared coin-op laundry facility in the basement with steady monthly revenue. This property is located close to Horsetooth Reservoir and its surrounding trails and just a few minutes' drive or bike from Old Town!

Listing Agent

Emily Mack

Helix Properties, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,354

Year Built

  • Built in 1970

Lot Details

  • 0.49 Acre Lot
  • Cul-De-Sac
  • Wood Fence
  • Sprinkler System

Parking

  • Alley Access

Home Design

  • Brick Veneer
  • Tar and Gravel Roof

Interior Spaces

  • 10,668 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

  • Bauder Elementary School
  • Blevins Middle School
  • Rocky Mountain High School

Utilities

  • Air Conditioning
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number R0176028

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Elliott Miller Foothills West Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $172,158
  • Net Operating Income $133,607

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,354

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.49
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Gravel
  • Subdivision Name: ELLIOTT MILLER FOOTHILLS WEST
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: Unfinished
  • Total Bedrooms: 16
  • Interior Amenities: Eat-in Kitchen, Pantry
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Tar/Gravel
  • Fencing: Fenced, Wood
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Cul-De-Sac
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Patio And Porch Features: Patio, Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Room Air Conditioner, Ceiling Fan(s)
  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Common Area
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Fort Collins
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Bauder
  • HighSchool: Rocky Mountain
  • Junior High Dist: Poudre
  • Middle Or Junior School: Blevins

Lot Info

  • Zoning: M-M-N
  • Lot Size Sq Ft: 21344
  • Parcel #: R0176028
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9353.88

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 172158.4
  • Income Includes: ["Lease/Rents","Laundry"]
  • Annual Operating Expense: 38551.4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2025 02/27/25 For Sale $2,195,000 +92.5% $206 / Sq Ft
08/06/2019 08/06/19 Off Market $1,140,000 -- --
05/06/2019 05/06/19 Sold $1,140,000 -7.3% $134 / Sq Ft
02/25/2019 02/25/19 For Sale $1,230,000 -- $144 / Sq Ft
Source: IRES MLS

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