A truly unique Investment Opportunity in the heart of Downtown Fort Collins. Check this one out, as it offers great in place rents and a solid Cap Rate with the upside of additional future redevelopment potential on this 16,900 sqft Old Town corner lot! Property includes 7 total units - a Legal Triplex fronts the property on Meldrum and 4 separate Mobile Home units. These well located, affordable rental units are always fully leased! Down the road, join several other previous Downtown redevelopment projects that have had great success in an around this burgeoning area of Old Town! Buy as an investment that cash flows now, and make an income while planning your next project in this NCB zoning district. The chance to own over 1/3 acre of highly desirable Old Town dirt w/ income in such a close proximity to Restaurants, Shopping, Lee Martinez Park, & all that Old Town has to offer is a real rarity. Property is fully leased thru NEXT June/July (Unit Dependent) summer of 2024. Please feel free to reach out to the City of FTC for more information on the future redevelopment possibilities. Seller has a letter in hand from Planning & Zoning that allows the 4 mobile homes to be replaced and swapped out at any point in the future. So use your creativity, and either upgrade and swap out for more income, or replace with newer tiny houses, or do a total redevelopment?! So many options and so much potential here. Unfortunately, showings will not be possible on all units until time of Contract. Units are all in middle of the road "rental grade" condition. Trailer SQFT is added to total SQFT on the listing. Buyer to verify. Property is being sold in its current "As-Is Where-Is" condition. Sellers are licensed Real Estate Brokers in the State of Colorado, and will be completing a 1031 Tax Deferred Exchange.
Room Features
Exterior FeaturesLighting
BasementNone
Lot & Building Features
StyleRanch
HeatingForced Air
CoolingCeiling Fan(s)
SewerCity Sewer
Tax Year2023
WaterCity Water, CITY
ExteriorLighting
LotCurbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Corner Lot
Community and Schools
Elementary SchoolPutnam
Junior High SchoolLincoln
Senior High SchoolPoudre
Unit Features
Unit 1 - DS Bedrooms1
Unit 1 - DS Rent1320
Unit 1 - DS Total Baths1
Unit 2 - DS Bedrooms1
Unit 2 - DS Rent1080
Unit 2 - DS Total Baths1
Unit 3 - DS Bedrooms3
Unit 3 - DS Rent1775
Unit 3 - DS Total Baths1
Unit 4 - DS Bedrooms3
Unit 4 - DS Est Sq Ft1264
Unit 4 - DS Rent1775
Unit 4 - DS Total Baths2
Unit 5 - DS Bedrooms3
Unit 5 - DS Est Sq Ft1056
Unit 5 - DS Rent1755
Unit 5 - DS Total Baths2
Unit 6 - DS Bedrooms3
Unit 6 - DS Est Sq Ft952
Unit 6 - DS Rent1055
Unit 6 - DS Total Baths2
Price History of 329 Meldrum, Fort Collins, CO
Date
Name
Price
Difference
07/03/2024
Price Adjustment
$1,750,000
2.23%
06/17/2024
Price Adjustment
$1,790,000
0.28%
04/26/2024
Listing Price
$1,795,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
329 Meldrum (MLS #1008169) is a ranch residential income listing located in Fort Collins, CO.
This residential income listing is 7,500 sqft and on a lot of 16,900 sqft (or 0.39 acres) with 14 bedrooms, 9 baths and is 124 years old. This property was listed on 04/26/2024 and has been priced for sale at $1,750,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Fort Collins Real Estate, LLC