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Jim Thomas

jim@thomasratay.com +1(720) 317-9621

$800,000

Est. payment - /mo

2 Beds

2 Baths

9,147 Sqft Lot

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Sat Apr 19, 1:00pm - 2:30pm

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Attached Dwelling

Listing Status Active

Purchase Type For Sale

Subdivision Old Town

MLS Listing ID 1031214

Style Contemporary/Modern,Ranch

Bedrooms 2

HOA Y/N false

Originating Board IRES MLS

Year Built 1950

Annual Tax Amount $3,489

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Attached Dwelling

Property Description

Have it your way with this incredible investment opportunity offering a 5.6% cap rate and flexible living or rental options. The south side unit is available (each unit is a mirror image) ideal for owner-occupancy or new tenancy-while the north side tenant can stay or vacate at the end of their lease in early May. The current lease allows for an increase in the rents to be discussed. Each side is a fully renovated 1 bed / 1 bath unit, remodeled down to the studs with over $400,000 invested since 2020. The exterior boasts new siding, doors, windows, and roof, along with covered front porches, private backyard patios with pergolas, professional landscaping, drip irrigation, planter boxes, fruit trees, storage sheds, and a shared paver patio complete with gas grill, firepit, and hammock posts. Inside, everything is new-plumbing, electrical, appliances, kitchens, and bathrooms-with real hardwood floors, on-demand tankless water heaters, spray-foam insulation, and efficient mini-split heating and cooling systems, bathrooms with heated flooring. Major utility upgrades include a new gas meter, sewer line, water lines to the home and backyard, and completely updated interior systems including active radon mitigation. Turn-key, high-quality duplex that offers lifestyle and investment returns all in one. Short-term rentals allowed if one side is occupied by the property owner for at least 9 months a year. Pre-inspected for your peace of mind.

Location

State CO

County Larimer

Area Fort Collins

Zoning NCM

Rooms

Other Rooms Storage

Basement None, Built-In Radon

Interior

Interior Features Eat-in Kitchen, Open Floorplan, Beamed Ceilings

Heating Individual Heat Source, Wall Furnace

Cooling Room Air Conditioner

Flooring Wood Floors

Window Features Window Coverings,Double Pane Windows

Appliance Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave

Laundry Washer/Dryer Hookups

Exterior

Exterior Feature Lighting

Parking Features Alley Access

Fence Fenced, Wood

Utilities Available Natural Gas Available, Electricity Available

View City

Roof Type Composition

Street Surface Paved,Asphalt

Handicap Access Level Lot, No Stairs, Main Floor Bath, Main Level Bedroom

Porch Patio

Building

Lot Description Curbs, Gutters, Sidewalks, Level, Xeriscape

Story 1

Sewer City Sewer

Water City Water, City of FC

Level or Stories One

Structure Type Wood/Frame,Composition Siding

New Construction false

Schools

Elementary Schools Laurel

Middle Schools Lesher

High Schools Ft Collins

School District Poudre

Others

Senior Community false

Tax ID R0049476

SqFt Source Other

Special Listing Condition Private Owner

Virtual Tour https://www.wellcomemat.com/mls/1el52be3cb1a1m3he

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Information and Real Estate Services (IRES)

Listed by Joanne DeLeon • Group Harmony • 9706915201

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Jim Thomas

+1(720) 317-9621

Principal & Broker Associate | FA100031661

Principal & Broker Associate FA100031661

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635 Stover St Fort Collins, CO 80524

Jim Thomas

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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635 Stover St