703 Peterson St, Fort Collins, CO 80524

$725,000
5
BD
3
BA
2,883
SqFt
List Price
$725,000
Status
ACTIVE
MLS#
972646
Price Change
▼ $25,000 1664593415
Year Built
1908
Bedrooms
5
Bathrooms
3
Living Area
2,883
Lot Size
7,500
Region
Fort Collins

Property Description

On the Fort Collins Historical Properties List, the G. R. McDaniels Residence II is one of a kind. Located in Primary Short Term Rental zoning. This is a great rehab project for an owner-occupied buyer looking for an old town property in a great location or would continue to be an outstanding rental property with additional carriage house rental with 2 bedrooms and a kitchen above the garage! Never been vacant in 10 years. The previous tenant was there for 5 years at a rate of $2,800 per month. The house could easily rent for $3,000 + per month. The 2-bedroom apartment above the garage currently rents for $1,625. Total rental income could easily reach $5,000 per month. The property is being sold in "As Is Condition" and is priced accordingly. **Seller is offering a $3,000 concession to level floors.**

Additional Information

Taxes
$3,528
Style
Cottage/Bung
Property Styles
Cottage/Bung
School District
Poudre
Elementary School
Laurel
Middle School
Lesher
High School
Ft Collins
Heating
Forced Air
Cooling
Central Air
Utilities
Natural Gas Available, Electricity Available
Garage Type
Attached
Garage Spaces
2
Zoning
Res
Possible Usage
Single Family, Multi-Family
Buyer Agency Compensation
3.00

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Kyle Basnar.

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