312 Locust Dr, Fort Collins, CO 80524

$1,200,000
2,078
SqFt
List Price
$1,200,000
Status
BACKUP
MLS#
946465
Year Built
1936
Living Area
2,078
Lot Size
9,583

Property Description

*Property rents should be higher based on current rental rates in market. Potential rent income could be up to $6200/mo, which significantly changes CAP rate.* Perfect location, close to Old Town! Great investment/income property w/ SF home + 4 additional units! 10 parking spots + detached 1-car garage. Home features wood flrs, granite tile counters, newer plumbing/electrical. Apts feature newer 90% eff. boiler/hot H2O htr. New exterior paint. 2 aptmts have been updated.

Additional Information

Taxes
$4,482
New Financing
Cash, Conventional
Capitalization Rate
5.49
Construction
Wood/Frame
Style
1 Story/Ranch
Property Styles
1 Story/Ranch
School District
Poudre
Elementary School
Laurel
Middle School
Lesher
High School
Ft Collins
Lot Improvements
Street Paved, Curbs, Gutters, Sidewalks, Street Light
Approximate Acreage
0.22
Fireplaces
Gas Fireplace
Heating
Forced Air, Baseboard Heat
Cooling
Central Air Conditioning, Room Air Conditioner
Utilities
Natural Gas, Electric
Basement Foundation
Full Basement, 90%+ Finished Basement
Outdoor Features
Patio, Deck
Unit Ones Numberof Bedrooms
3
Gross Operating Income
75000.0000
Net Operating Income
$65,883
Total Operating Expense
9117.0000
Tenant Pays
Electric
Total Numberof Units
5
Zoning
NCM
Locale
Fort Collins
Inclusions
Window Coverings, Electric Range/Oven, Self-Cleaning Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Microwave, Smoke Alarm(s)
Road Access
City Street
Ownership
Private Owner
Possible Usage
Single Family, Multi Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Group Harmony.

The data relating to real estate for sale on this web site comes in part from Information and Real Estate Services, LLC under IRES Rules © Copyright IRES, and is provided for limited non-commercial use. Information is provided exclusively for consumers' personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are included in this site and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.
Information deemed reliable but not guaranteed by the MLS
Listing data last updated: