CO > Fort Collins > Ftc
Fort Collins, CO 80524,120 Peterson ST
Fort Collins, CO 80524,120 Peterson ST
Fort Collins, CO 80524,120 Peterson ST
Fort Collins, CO 80524,120 Peterson ST
Fort Collins, CO 80524,120 Peterson ST
Fort Collins, CO 80524,120 Peterson ST
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Zach Otten

Zach Otten

+1(303) 888-6101
$ 1,200,000
Est. payment | /mo

3,220 Sqft Lot

Save
$ 1,200,000
Est. payment | /mo
Save

3,220 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Ftc

MLS Listing ID IR1030095

HOA Y/N No

Year Built 1912

Annual Tax Amount $4,765

Tax Year 2024

Lot Size 3,220 Sqft

Acres 0.07

Property Sub-Type Quadruplex

Source recolorado

Property Description

Earning a 5% cap rate, this well-established four-plex with excellent rental history is located in a prime old town/downtown Fort Collins location. The property consists of four 1 bed/1 bath units. Three units will be vacant by July 31 - new leases can be put in place by the new owner and there is the potential for very high rents. This coveted location is only one block from Old Town Square and one block from the library. The extremely well maintained property has a newer boiler for heating (hot water radiators), updated electrical, updated plumbing, and all have remodeled kitchens and baths. The sellers will install a new roof before closing. In addition to good mechanicals there are charming features like exposed brick, arched doorways and hardwood floors. Tenants share the clothes washer/dryer in the basement and the detached garage and shed provide shared storage. Sellers are participating in a 1031 exchange and the sale will be contingent upon finding a replacement property. Buyers to verify all information.

Location

State CO

County Larimer

Zoning OT-C

Rooms

Basement Partial, Sump Pump

Interior

Heating Hot Water

Cooling Air Conditioning-Room, Ceiling Fan(s)

Flooring Wood

Fireplace N

Appliance Dishwasher, Dryer, Oven, Refrigerator, Washer

Exterior

Fence Partial

Utilities Available Electricity Available, Natural Gas Available

Roof Type Composition

Total Parking Spaces 1

Building

Lot Description Sprinklers In Front

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Stucco

Schools

Elementary Schools Laurel

Middle Schools Lesher

High Schools Fort Collins

School District Poudre R-1

Others

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Porch Life Properties

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agent
Zach Otten

Agent

+1(303) 888-6101 | zach.otten@gmail.com

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120 Peterson ST