Residential Income for Sale: 329 Meldrum, Fort Collins, CO 80521

14 beds
9 baths
7,500 sqft
mls #1008169
$1,750,000
$1,750,000
329 Meldrum, Fort Collins, CO 80521
14 beds
9 baths
7,500 sqft
mls #1008169
$1,750,000
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Price:
$1,750,000
$40,000 - 07/03/2024

Type Residential Income
Style Ranch
Beds 14
Total Baths 9 baths
Square Feet 7,500 sqft
Lot Size 0.39 acres
Year Built 1900

City Fort Collins
County Larimer
School District Poudre
Subdivision Old Town

MLS 1008169
Status Active
DOM 193 days
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 Features Lighting
Basement None

Lot & Building Features

Style Ranch
Heating Forced Air
Cooling Ceiling Fan(s)
Sewer City Sewer
Tax Year 2023
Water City Water, CITY
Exterior Lighting
Lot Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Corner Lot

Community and Schools

Elementary School Putnam
Junior High School Lincoln
Senior High School Poudre

Unit Features

Unit 1 - DS Bedrooms 1
Unit 1 - DS Rent 1320
Unit 1 - DS Total Baths 1
Unit 2 - DS Bedrooms 1
Unit 2 - DS Rent 1080
Unit 2 - DS Total Baths 1
Unit 3 - DS Bedrooms 3
Unit 3 - DS Rent 1775
Unit 3 - DS Total Baths 1
Unit 4 - DS Bedrooms 3
Unit 4 - DS Est Sq Ft 1264
Unit 4 - DS Rent 1775
Unit 4 - DS Total Baths 2
Unit 5 - DS Bedrooms 3
Unit 5 - DS Est Sq Ft 1056
Unit 5 - DS Rent 1755
Unit 5 - DS Total Baths 2
Unit 6 - DS Bedrooms 3
Unit 6 - DS Est Sq Ft 952
Unit 6 - DS Rent 1055
Unit 6 - DS Total Baths 2

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.

Map of 329 Meldrum, Fort Collins, CO

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Listed by Fort Collins Real Estate, LLC, Richard Payne Jr & Michael Jensen 970-691-5222
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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.

Nearby zip codes are 80524, 80525, 80526 and 80528.

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

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES 2024