120 Peterson St Active Save Request In-Person Tour Request Virtual Tour
Fort Collins,CO 80524
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Attached Dwelling
Listing Status Active
Purchase Type For Sale
Subdivision Ftc
MLS Listing ID 1030095
Bedrooms 4
HOA Y/N false
Year Built 1912
Annual Tax Amount $4,765
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Attached Dwelling
Source IRES MLS
Property Description
Earning a 5% cap rate, this well-established four-plex with excellent rental history is located in a prime old town/downtown Fort Collins location. The property consists of four 1 bed/1 bath units. Three units will be available by July 31 - new leases can be put in place by the new owner and there is the potential for very high rents. This coveted location is only one block from Old Town Square and one block from the library. The extremely well maintained property has a newer boiler for heating (hot water radiators), updated electrical, updated plumbing, and all have remodeled kitchens and baths. The sellers will install a new roof before closing. In addition to good mechanicals there are charming features like exposed brick, arched doorways and hardwood floors. Tenants share the clothes washer/dryer in the basement and the detached garage and shed provide shared storage. Sellers are participating in a 1031 exchange and the sale will be contingent upon finding a replacement property. Buyers to verify all information.
Location
State CO
County Larimer
Community Extra Storage
Area Fort Collins
Zoning OT-C
Direction From Mountain Ave. turn south on Peterson. Home is on the east side of the street.
Rooms
Other Rooms Storage
Basement Partial,Sump Pump
Interior
Heating Hot Water,Radiator
Cooling Room Air Conditioner,Ceiling Fan(s)
Flooring Wood Floors
Appliance Gas Range/Oven,Dishwasher,Refrigerator,Washer,Dryer
Laundry Common Area
Exterior
Fence Partial
Community Features Extra Storage
Utilities Available Natural Gas Available,Electricity Available
Roof Type Composition
Building
Lot Description Lawn Sprinkler System
Story 2
Sewer City Sewer
Water City Water,City of Ft Collins
Level or Stories Two
Structure Type Stucco
New Construction false
Schools
Elementary Schools Laurel
Middle Schools Lesher
High Schools Ft Collins
School District Poudre
Others
Senior Community false
Tax ID R0044245
SqFt Source Assessor
Special Listing Condition Private Owner