E 1817 E Lincoln Ave, Fort Collins, CO 80524
- $650,000
- 6,000
- SqFt
- List Price
- $650,000
- Status
- ACTIVE
- MLS#
- 892677
- Price Change
- ▼ $100,000 1627331028
- Year Built
- 1910
- Living Area
- 6,000
- Lot Size
- 44,866
- Subdivision
- NA
Property Description
One acre commercial/industrial property located 2.4 miles to the interstate. The property contains 6 rentals. They consist of two (2) 2-bedroom houses, large garage and 4 mobile homes. Rentals are all livable with long term tenants, all units on month-month leases. One house was recently renovated. Second house can do with cosmetic repairs. The property has a gross return of $4,660 monthly. Expenses run at approximately $1200 a month (water, sewer, maintenance, and management). Zoned Commercial, can change to Industrial (DYOR with the city). Selected sewer lines underground was replaced. Properties are grandfathered. Trailers cannot be demolished until Nov 2022. Interested parties are welcome to email matt@topnotchinvesting.com in order to receive walk through videos, photos, financial actuals and pro-forma. No walk throughs will be entertained until buyers have been vetted and terms are agreed to. Property suits redevelopment or lease as is for rental return.
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Additional Information
- Taxes
- $1,575
- New Financing
- Cash
- Capitalization Rate
- 7.2
- Construction
- Wood/Frame
- Style
- 1 Story/Ranch
- Property Styles
- 1 Story/Ranch
- School District
- OTHER
- Elementary School
- Other
- Middle School
- Other
- High School
- Other
- Lot Improvements
- Street Paved
- Approximate Acreage
- 1.03
- Heating
- Forced Air
- Utilities
- Natural Gas, Electric
- Basement Foundation
- No Basement
- Unit Ones Numberof Bedrooms
- 2
- Gross Operating Income
- 60282.0000
- Net Operating Income
- $46,770
- Total Operating Expense
- 13511.4400
- Tenant Pays
- Deposit
- Parking Per Unit
- 2 Spaces/Unit
- Total Numberof Units
- 6
- Unit Sixs Numberof Bedrooms
- 3
- Zoning
- Commercial
- Locale
- Fort Collins
- Inclusions
- No Units Furnished
- Road Access
- City Street
- Ownership
- Licensed Owner
- Possible Usage
- Business, Commercial or Industrial
Mortgage Calculator
Listing Courtesy of : Resident Realty, 9702828585
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