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724 Smith ST Fort Collins, CO 80524
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Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Ftc
MLS Listing ID IR983058
Year Built 1921
Annual Tax Amount $3,372
Tax Year 2022
Lot Size 9,583 Sqft
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
Zoning NCM
Interior
Heating Baseboard
Cooling Ceiling Fan(s)
Exterior
Utilities Available Electricity Available, Natural Gas Available
Roof Type Composition
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Structure Type Wood Frame
Schools
Elementary Schools Laurel
Middle Schools Lesher
High Schools Fort Collins
School District Poudre R-1
Others
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Keller Williams Realty NoCo
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