615 Remington St,  Fort Collins CO, 80524 (Closed)

Sold Price:
$2,075,000
Date:11/01/2016
|
6,420 sqft
|
MLS# 795900
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Last Updated: 12/10/2016 11:09 PM
Description for 615 Remington St Fort Collins, CO 80524
Exceptional investment opportunity. Across the street from CSU, each building has 3 bedroom units in 4-plex, 2 studio cottages and a 3-bay brick garage (two bays leased, varied) Leased from 8/1/16-7/30/17. 10 units all together with a total of 26 beds and 15 baths. Current Gross Income = $193,000, Projected Expenses = $44,000, NOI = $150,000 with a 7% cap rate. All tenants on one year leases.
This Cluster property in Fort Collins, CO, MLS # 795900, is located in the neighborhood of Ftc. 615 Remington St is within the Poudre School District, served by FT COLLINS High School, LESHER Middle School, and LAUREL Elementary School.
Price
Sold Price:
$2,075,000
Sold Date:11/01/2016
Ftc
Larimer
6,420 (approx)
795900
Closed
Description
Exceptional investment opportunity. Across the street from CSU, each building has 3 bedroom units in 4-plex, 2 studio cottages and a 3-bay brick garage (two bays leased, varied) Leased from 8/1/16-7/30/17. 10 units all together with a total of 26 beds and 15 baths. Current Gross Income = $193,000, Projected Expenses = $44,000, NOI = $150,000 with a 7% cap rate. All tenants on one year leases.
Listing Information for 615 Remington St Fort Collins, CO 80524
Property Type: Cluster Colonial, 3 Story, Carriage House 0.35 Acres
6,420 (approx) 1905 3
Brick
Ftc
Natural Gas, Electric, Cable TV
Neighborhood
School Information
District: Poudre
LAUREL LESHER FT COLLINS
Room Information
Interior Features
Dishwasher, Refrigerator, Washer, Dryer
Window/Wall Unit
Forced Air
Full
Alarm -Smoke/Fire
Exterior / Lot Features
Brick
Balcony, Deck
City
Res
Level
Extra Storage, Curb & Gutter, Gutters, Sidewalks, In City, City Road, Paved Road, Alley, Level
Driving Directions
From College and Mulberry one block, East on Mulberry, south on Remington two blocks to property on the right.
Financial Considerations
$5,935
2016
Listing Price History

Fort Collins Real Estate

Fort Collins is located in Colorado. Fort Collins, Colorado 80524 has a population of 144,329.

The median household income in Fort Collins, Colorado 80524 is $53,359. The median household income for the surrounding county is $57,927 compared to the national median of $53,046. The median age of people living in Fort Collins 80524 is 29.3 years.

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Courtesy: Downtown Real Estate Partners Emily Heinz
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Information is deemed reliable but is not guaranteed.

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