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722 Remington St

Fort Collins, CO 80524
  • $2,500,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 1002218
UPDATED: 135 min ago
$2,500,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,148
    SQFT
  • $486
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

A rare opportunity to own an 8-plex in a prime location! This charming Victorian apartment building features eight units that have been meticulously renovated. Every unit boasts updated kitchens with newer appliances, modernized bathrooms, and beautifully refinished or newer flooring throughout. The building itself has undergone significant improvements over the years, including a roof replacement, windows and the addition of two sets of washer and dryer units in the shared basement. Comprising the unit mix are seven spacious 1-bedroom/1-bathroom units and one larger 2-bedroom/1-bathroom unit. Plenty of off street parking for your residents as well. The location of this property is truly unbeatable, as it is conveniently situated only ONE BLOCK away from CSU, making it highly desirable for students, young professionals and faculty members alike. As a testament to its appeal, the property has consistently maintained ZERO vacancy, ensuring a stable and reliable income stream for potential investors. The rental income potential for this property is truly exceptional. With a prime location near the university and a high demand for housing in the area, prospective landlords can expect strong rental demand and the ability to secure attractive rental rates. Additionally, the recent renovations and updates throughout the building will attract quality tenants and enable higher rental premiums. This is an investor's dream come true!

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daniels Group Real Estate. Data last updated: 2024-02-22T23:42:41.653.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.thedanielsgrouprealestate.com/homes/146968524
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722 Remington St Fort Collins, CO 80524

  • Price: $2,500,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 135 min ago
  • MLS #: 1002218
7
Beds
6
Baths
0
½ Baths
0.16
Acres
5,148
SQFT
$486
$/SQFT
1905
Built
Neighborhood:
City Of Fort Collins
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Laurel
Middle School:
Lesher
High School:
Ft Collins
School District:
Poudre
Property Description
A rare opportunity to own an 8-plex in a prime location! This charming Victorian apartment building features eight units that have been meticulously renovated. Every unit boasts updated kitchens with newer appliances, modernized bathrooms, and beautifully refinished or newer flooring throughout. The building itself has undergone significant improvements over the years, including a roof replacement, windows and the addition of two sets of washer and dryer units in the shared basement. Comprising the unit mix are seven spacious 1-bedroom/1-bathroom units and one larger 2-bedroom/1-bathroom unit. Plenty of off street parking for your residents as well. The location of this property is truly unbeatable, as it is conveniently situated only ONE BLOCK away from CSU, making it highly desirable for students, young professionals and faculty members alike. As a testament to its appeal, the property has consistently maintained ZERO vacancy, ensuring a stable and reliable income stream for potential investors. The rental income potential for this property is truly exceptional. With a prime location near the university and a high demand for housing in the area, prospective landlords can expect strong rental demand and the ability to secure attractive rental rates. Additionally, the recent renovations and updates throughout the building will attract quality tenants and enable higher rental premiums. This is an investor's dream come true!
Exterior Features

Architectural Style Victorian Construction Materials Brick/Brick Veneer Exterior Features Lighting Horse YN No Levels Three Or More Lot Features CurbsGuttersSidewalks Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenRefrigerator Basement Full25%+Finished Basement Heating Radiator Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 800 Unit1 Total Baths 1 Unit2 Bedrooms 1 Unit2 Est Sq Ft 550 Unit2 Total Baths 1 Unit3 Bedrooms 1 Unit3 Est Sq Ft 550 Unit3 Total Baths 1 Unit4 Bedrooms 1 Unit4 Est Sq Ft 650 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 4.02 Ditches Active YN No Electric ElectricCity of FTC Exclusions Tenants personal property Gas Natural GasXCEL Gross Income 129924 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventionalVA Loan Locale Fort Collins Net Operating Income 100520 New Construction YN No Operating Expense 29404 Possible Use Multi-FamilyCommercial or Industrial Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 8814 Tax Year 2023 Tenant Pays DepositElectricityWater Unit1 Rent 1600 Unit2 Rent 1293 Unit3 Rent 1110 Unit4 Rent 1180 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity of FTC Zoning COM/RES

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Luke Angerhofer of Prestigio Real Estate: 9706902509.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daniels Group Real Estate. Data last updated: 2024-02-22T23:42:41.653.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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Daniels Group Real Estate
4703 Boardwalk Dr.
Fort Collins CO, 80525