615-623 Remington St, Fort Collins, CO 80524

$2,500,000
7,970
SqFt
List Price
$2,500,000
Status
BACKUP
MLS#
922071
Price Change
▲ $100,000 1620682990
Year Built
1902
Living Area
7,970
Lot Size
16,117
Subdivision
University Park

Property Description

Excellent rental opportunity near CSU, now 90% leased through Summer 2022. 2 properties combine to make this 10-unit complex featuring a common yard & patio area, 3-bay garage, 2 cottage studios. This estate offers an ideal location close to CSU and downtown FoCo. Complete with comfort home amenities - washer/dryer in units, private addresses, bicycle storage, and gazebo/grill. 3-bay garage has underutilized income potential. New roof in 2017.

Additional Information

Taxes
$14,600
New Financing
Cash, Conventional, 1031 Exchange
Capitalization Rate
6.24
Construction
Brick/Brick Veneer
Design Features
Cathedral/Vaulted Ceilings, Pantry, Fire Alarm, Washer/Dryer Hookups
Style
3 Story
Property Styles
3 Story
School District
Poudre
Elementary School
Laurel
Middle School
Lesher
High School
Ft Collins
Lot Improvements
Street Paved, Curbs, Sidewalks, Alley
Approximate Acreage
0.37
Heating
Forced Air
Cooling
Room Air Conditioner
Utilities
Natural Gas, Electric, Cable TV Available
Basement Foundation
Full Basement
Outdoor Features
Storage Buildings, Balcony, Patio, Enclosed Porch
Unit Ones Numberof Bedrooms
3
Common Amenities
Common Recreation/Park Area, Extra Storage
Gross Operating Income
199200.0000
Net Operating Income
$156,100
Total Operating Expense
43100.0000
Tenant Pays
Gas, Electric, Water, Sewer
Total Numberof Units
10
Disabled Accessibility Features
Main Floor Bath, Main Level Bedroom
Zoning
Res
Locale
Fort Collins
Inclusions
Window Coverings, Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Microwave, Disposal, Smoke Alarm(s)
Road Access
City Street
Ownership
Private Owner
Possible Usage
Single Family, Multi Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hub Real Estate.

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