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329 N Meldrum St

Fort Collins, CO 80521
  • $1,850,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 964961
UPDATED: 65 min ago
$1,850,000
  • 7
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,010
    SQFT
  • $920
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

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

Description

Hasn't been formally listed or on the market in 40+ years! A truly unique Investment Opportunity on this potential filled 16,900 sqft Old Town lot! Property boasts 7 total units - a Legal 3plex fronts the property w/ 4 separate Mobile Home units in back. Join other previous Downtown redevelopment projects that have had great success! Buy as an investment that cash flows now or make an income while planning your next project in this NCB zone district. The chance to own over 1/3 acre of highly desirable Old Town dirt w/ close proximity to Restaurants, Shopping, Lee Martinez Park, & all Old Town has to offer. It's a once in a lifetime opportunity! Property is fully leased thru NEXT June or July (Unit Dependent) of 2023 & is ready for a new Owner's vision. Please reach out to the City of FTC for more information on the possibilities. Showings will not be possible on all units until time of Contract. Units are in "middle of the road" condition, in functional shape, but are not brand new.

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© 2022 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 Tracy's Team | RE/MAX Alliance. Data last updated: 2022-05-24T16:40:49.66.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.homesinnortherncolorado.com/homes/128503906
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329 N Meldrum St Fort Collins, CO 80521

  • Price: $1,850,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 65 min ago
  • MLS #: 964961
7
Beds
0
Baths
0
½ Baths
0.39
Acres
2,010
SQFT
$920
$/SQFT
1900
Built
Neighborhood:
Old Town
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Putnam
Middle School:
Lincoln
High School:
Poudre
School District:
Poudre
Property Description
Hasn't been formally listed or on the market in 40+ years! A truly unique Investment Opportunity on this potential filled 16,900 sqft Old Town lot! Property boasts 7 total units - a Legal 3plex fronts the property w/ 4 separate Mobile Home units in back. Join other previous Downtown redevelopment projects that have had great success! Buy as an investment that cash flows now or make an income while planning your next project in this NCB zone district. The chance to own over 1/3 acre of highly desirable Old Town dirt w/ close proximity to Restaurants, Shopping, Lee Martinez Park, & all Old Town has to offer. It's a once in a lifetime opportunity! Property is fully leased thru NEXT June or July (Unit Dependent) of 2023 & is ready for a new Owner's vision. Please reach out to the City of FTC for more information on the possibilities. Showings will not be possible on all units until time of Contract. Units are in "middle of the road" condition, in functional shape, but are not brand new.
Exterior Features

Construction Materials Wood/Frame Horse YN No Levels Two Property Attached YN No Roof Composition Spa YN No Waterfront YN No

Interior Features

Basement None Heating Forced Air Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 1 Unit1 Total Baths 1 Unit2 Bedrooms 0 Unit2 Total Baths 1 Unit3 Bedrooms 3 Unit3 Total Baths 1 Unit4 Bedrooms 3 Unit4 Total Baths 2

Property Features

Association YN No Cap Rate 6 Ditches Active YN No Electric ElectricCity Of Ftc Gas Natural GasXcel Gross Income 126240 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventionalOwner May Carry Locale Fort Collins Net Operating Income 111016.46 New Construction YN No Operating Expense 15223.54 Possible Use Single FamilyMulti-FamilyMobile Homes Property Condition Not NewPreviously Owned Special Listing Conditions Private Owner Tax Annual Amount 4875.54 Tax Year 2021 Tenant Pays DepositWaterSewer Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Ftc Zoning Ncb

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Joseph Coulter of Fort Collins Real Estate, Llc: 970-224-1411.



© 2022 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 Tracy's Team | RE/MAX Alliance. Data last updated: 2022-05-24T16:40:49.66.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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Loveland CO, 80537