635 Stover ST new to site Save Request In-Person Tour Request Virtual Tour
Fort Collins,CO 80524
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Old Town
MLS Listing ID IR1031214
Style Contemporary
HOA Y/N No
Originating Board recolorado
Year Built 1950
Annual Tax Amount $3,489
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Duplex
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
Zoning NCM
Rooms
Basement None
Interior
Interior Features Eat-in Kitchen,No Stairs,Open Floorplan,Radon Mitigation System
Heating Wall Furnace
Cooling Air Conditioning-Room
Flooring Wood
Fireplace N
Appliance Dishwasher,Dryer,Microwave,Oven,Refrigerator,Washer
Laundry In Unit
Exterior
Fence Fenced
Utilities Available Electricity Available,Natural Gas Available
View City
Roof Type Composition
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Laurel
Middle Schools Lesher
High Schools Fort Collins
School District Poudre R-1
Others
Ownership Individual
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://www.wellcomemat.com/mls/1el52be3cb1a1m3he