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.

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

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Calculator source: Real Geeks

Listing Courtesy of : Resident Realty, 9702828585

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