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724 Smith St Fort Collins, CO 80524
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Key Details
Sold Price $870,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision Ftc
MLS Listing ID 983058
Sold Date 04/05/23
Bedrooms 5
HOA Y/N false
Originating Board IRES MLS
Year Built 1921
Annual Tax Amount $3,372
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Rare find! Fully legal tri-plex just 3 blocks from CSU and Old Town. Owning real estate in this location will never do you wrong! Always rented, never vacant. Charming home with classic Old Town character. Main unit has 3 bed/1 bath plus a bonus room for office or 4th bed. Upper unit is 1 bed/1bath with fresh updates. Basement unit is 1 bed/1 bath. Off-street parking for all units in the back w/ alley access. Large double lot (.22 acre) gives plenty of room to build a carriage house, garage/shop, etc. Buyer to verify all info with the City. Zoning is NCM. City recognizes this as a fully legal and conforming tri-plex, while many multi-units in FtCo are non-conforming. You won't have any future headaches as the City increases their regulation on multi-units. Gross rents are (Unit 1 = $2,250), (Unit 2 = $1,375), (Unit 3 = $1,345) for total of $4,970/mo. At $59,640/yr gross you have a 5.7 CAP. All units are currently leased through July 31st, 2023. SHOWINGS ONLY Sat 3/11 (1-4pm) and Wed 3/15 (1-4pm). You must schedule via ShowingTime to view.
Location
State CO
County Larimer
Area Fort Collins
Zoning NCM
Interior
Heating Baseboard
Cooling Ceiling Fan(s)
Window Features Window Coverings
Appliance Electric Range/Oven, Dishwasher, Refrigerator
Exterior
Utilities Available Natural Gas Available, Electricity Available
Waterfront false
Roof Type Composition
Building
Lot Description Level, Within City Limits
Faces West
Story 2
Sewer City Sewer
Water City Water, City of Fort Collins
Level or Stories Two
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Laurel
Middle Schools Lesher
High Schools Ft Collins
School District Poudre
Others
Senior Community false
Tax ID R0051136
SqFt Source Assessor
Special Listing Condition Private Owner
Read Less
Bought with Keller Williams Realty NoCo