CO > Fort Collins > Old Town
Fort Collins, CO 80521,329 N Meldrum St
Fort Collins, CO 80521,329 N Meldrum St
Fort Collins, CO 80521,329 N Meldrum St
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Nina Mooney

Nina Mooney

+1(303) 905-5874
$1,795,000
Est. payment /mo
17 Beds
11 Baths
0.38 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Subdivision Old Town

MLS Listing ID 1031844

Style Ranch

Bedrooms 17

HOA Y/N false

Originating Board IRES MLS

Year Built 1900

Annual Tax Amount $6,782

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Income Property

Property Description

GREAT Investment Opportunity in the heart of Downtown Fort Collins! 7 total units comprised of a triplex and 4 mobile homes, all legal and all permitted. Enjoy great in place rents of nearly $120,000 per year, AND future upside potential of future redevelopment on this great corner property located at Cherry & Meldrum in Downtown Fort Collins. These well located, affordable for Old Town rental units are always fully leased! Down the road, join several other previous Downtown redevelopment projects that have had great success in an around this burgeoning area of Old Town. Buy as an investment that cash flows now, and make an income while planning your next development project in this NCB zoning district. Please check with the City of Fort Collins for more information and schedule a conceptual review if so desired. This a rare chance to own over 1/3 acre of highly desirable Old Town land w/ great income in such a close proximity to Downtown Restaurants, Shopping, Lee Martinez Park, & all that Old Town has to offer. Units are fully leased thru Next May/June/July 2026 (unit dependent). You cold also make this a very cool and hip tiny home community, as the Seller has a letter in the file from Planning & Zoning that allows the 4 mobile homes to be replaced and swapped out at any point in the future, with newer trailers or even tiny homes! So use your creativity, and either upgrade and swap out for more income, or replace with newer tiny houses, or do a total redevelopment and go vertical here. So many options and so much potential. Unfortunately, so as not to disturb the Tenants, showings will not be possible on all units until the time of Contract. Units are all in middle of the road "rental grade" condition. Trailer SQFT is added to total SQFT on the listing. Buyer to verify. Property is being sold in its current "As-Is Where-Is" condition. Sellers are licensed Real Estate Brokers in the State of Colorado, and will be completing a 1031 Tax Deferred Exchange.

Location

State CO

County Larimer

Area Fort Collins

Zoning MULTIFAM

Rooms

Basement None

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Window Features Window Coverings

Appliance Electric Range/Oven, Refrigerator, Washer, Dryer

Exterior

Exterior Feature Lighting

Parking Features Alley Access

Utilities Available Natural Gas Available, Electricity Available

Roof Type Composition

Street Surface Paved

Porch Patio, Deck

Building

Lot Description Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Corner Lot

Story 1

Sewer City Sewer

Water City Water, City of FTC

Level or Stories One, Two

Structure Type Wood/Frame

New Construction false

Schools

Elementary Schools Putnam

Middle Schools Lincoln

High Schools Poudre

School District Poudre

Others

Senior Community false

Tax ID R0024490

SqFt Source Assessor

Special Listing Condition Licensed Owner

Read Less Info
Information and Real Estate Services (IRES)
Listed by Michael Jensen • Fort Collins Real Estate, LLC • 9702228136

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agent

Nina Mooney

+1(303) 905-5874

Broker Associate | License ID: FA 100067001

Broker Associate License ID: FA 100067001

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