329 N Meldrum St

Fort Collins, CO 80521
$1,795,000
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 atRead MoreRead Less
Courtesy of Michael Jensen, Fort Collins Real Estate, LLC, 9702228136.
Listing Snapshot
Days Online
11
Last Updated
Property Type
Income Property
Lot Size
0.38 Acres
Year Built
1900
MLS Number
1031844
30 Days Snapshot Of 80521
$585k
-4%
(avg) sold price
18
-50%
homes sold
73
+17%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Appliances: "Electric Range/Oven", "Refrigerator", "Washer", "Dryer"
Building
Architectural Style: "Ranch", Construction Materials: "Wood/Frame", Has Improvements: No, Total Sq Ft: 7500, Levels: "One", "Two", Living Area Source: Assessor, Living Area Units: Square Feet, Stories: 1, Structure Type: "Legal Conforming", Year Built: 1900
Basement
Basement: "None"
Cooling
Cooling: "Ceiling Fan(s)", Cooling YN: t
Utilities
Electric: "Electric", "City of FTC", Gas: "Natural Gas", "Xcel", Is Water Meter Installed: Yes, Utilities: "Natural Gas Available", "Electricity Available"
Exterior Features
Exterior Features: "Lighting", Patio And Porch Features: "Patio", "Deck"
Income
Gross Income: 117360, Net Operating Income: 99492
Heating
Heating: "Forced Air", Heating YN: t
Unit One
Bedrooms Unit 1: 1, Number 1 Bedroom Units: 2, Rent Unit 1: $1,250, Total Baths Unit 1: 1
Unit Two
Bedrooms Unit 2: 1, Rent Unit 2: $1,050, Total Baths Unit 2: 1
Unit Three
Bedrooms Unit 3: 3, Number 3 Bedroom Units: 5, Rent Unit 3: $1,950, Total Baths Unit 3: 1
Unit Four
Bedrooms Unit 4: 3, Est Sq Ft Unit 4: 1264, Rent Unit 4: $1,700, Total Baths Unit 4: 2
Unit Five
Bedrooms Unit 5: 3, Est Sq Ft Unit 5: 1056, Rent Unit 5: $1,800, Total Baths Unit 5: 2
Unit Six
Bedrooms Unit 6: 3, Est Sq Ft Unit 6: 952, Rent Unit 6: $1,000, Total Baths Unit 6: 2
Taxes
Has Metro Tax District: No, Tax Annual Amount: 6782, Tax Year: 2024
Water Features
Has Water Rights: No, Water Source: "City Water", "City of FTC"
Lot
Lot Features: "Curbs", "Gutters", "Sidewalks", "Fire Hydrant within 500 Feet", "Corner Lot", Lot Size Acres: 0.38, Lot Size Area: 16553, Lot Size Square Feet: 16553, Lot Size Units: Square Feet
Expenses
Operating Expense: 17868
Parking
Other Parking: Parking Per Unit(1.5 Spaces/Unit), Parking Features: "Alley Access"
Property
Parcel Number: R0024490, Possible Use: "Multi-Family", "Mobile Homes", Property Condition: "Not New, Previously Owned", Property Sub Type: Income Property, Property Type: Residential Income, Road Surface Type: "Paved"
Tenant Pays
Tenant Pays: "Deposit", "Gas", "Electricity", "Water"
Windows
Window Features: "Window Coverings"
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Adam Schwartz
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