1619-1701 Palm Drive

Fort Collins, CO 80526

$2,725,000
Last Sold Price
2
Beds
1
Bath
9,720 Sq. Ft.
$280 / Sq. Ft.
9,720
Sq. Ft.
$280
per Sq. Ft.

Description

Amazing opportunity to purchase 3 - Fort Collins 4 plexes just west of CSU. In place 6 CAP and room to increase rents 10% + come August. 9 of the 12 units have been fully updated in 2022 including new kitchens, appliances, bathrooms, doors/trim, LVP floors, paint. All 12 units are 810 SF 2 BR/1 BA units and have brand new windows, concrete patios and walk ways. Several new furnaces, water heaters and AC's! New asphalt parking lot has 24 off street parking spots. Over $600k in renovations! Professionally...Amazing opportunity to purchase 3 - Fort Collins 4 plexes just west of CSU. In place 6 CAP and room to increase rents 10% + come August. 9 of the 12 units have been fully updated in 2022 including new kitchens, appliances, bathrooms, doors/trim, LVP floors, paint. All 12 units are 810 SF 2 BR/1 BA units and have brand new windows, concrete patios and walk ways. Several new furnaces, water heaters and AC's! New asphalt parking lot has 24 off street parking spots. Over $600k in renovations! Professionally managed. Each 4 plex is separately deeded and qualifies for 1-4 unit financing yet the properties are next door to one another. Leases run through 7/31/23. 3 tenants have been at the property for years and would like to stay.
  1. Listed by David Lund • Noble Venture • 9704203021

Amenities

  • Air Conditioning
  • Common Outdoor Space
  • Forced Air
  • Parking Lot
  • Street Parking

Location

Listing Courtesy of Noble Venture, David Lund

Sold By Neuhaus Real Estate Inc, Justin Slidell

Add your commute
LISTING UPDATED: 01/31/2023 02:44 PM

Property Details for 1619-1701 Palm Drive

StatusSold
MLS #977743
Days on Compass100
Taxes$15,120 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeIncome Property
Year Built1970
Lot Size0.70 AC / 30,492 SF
CountyLarimer County

Location

Listing Courtesy of Noble Venture, David Lund

Sold By Neuhaus Real Estate Inc, Justin Slidell

Add your commute

Building Information for 1619-1701 Palm Drive

Stories1Residences12Year Built1970Building Size-Lot Size0.70 AC / 30,492 SF

Payment Calculator

$16,131 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,871

Property Taxes

$1,260

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1619-1701 Palm Drive

Summary
Location and General Information
  • Road Access 2: City Street
  • Longitude and Latitude: -105.13236, 40.566835
  • Latitude: 40.57
  • Longitude: -105.13
  • Elementary School District: Poudre
  • Middle Or Junior School District: Poudre
Parking
  • Total Parking: 24.00
Taxes and HOA Information
  • Tax Information: No
  • Tax Year: 2021
  • HOA Transfer Fee: No
  • HOA 2 Transfer Fee: No
  • Has Association Fee: No
  • Has Association 2 Fee: No
  • Has Association Reserve: No
  • Has Association 2 Reserve: No
  • Tax Annual Amount: $15,120
  • Parcel Number: R0176427
Property
Lot Information
  • Lot Improvements: Curbs, Sidewalks, Fire Hydrant within 500 Feet
  • Lot Size Area: 30,492.00
  • Lot Size Units: Square Feet
  • Has Improvements: No
Property and Assessments
  • Total Finished Area Source: Assessor
  • Total Finished Area Units: Square Feet
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Are Ditches Active: No
  • Security Features: Smoke Detector(s)
  • New Construction YN: No
  • Property Styles: 1
  • Home Warranty YN: No
Utilities
  • Cooling: Yes
  • Utilities 1: No
  • Electric: Electric, City of FTC
  • Gas: Natural Gas, Xcel
  • Sewer: City Sewer
  • Heating YN: Yes
Interior and Exterior Features
Interior Features
  • ViewYN: No
  • Interior Features: High Speed Internet
  • Laundry Features: Washer/Dryer Hookups
  • Spa YN: No
  • Window Features: Window Coverings, Double Pane Windows
Multi Family
Multi-Family Information
  • Unit 1's Number of Bedrooms: 2
  • Unit 1's Number of Baths: 1.00
  • Number of units in Unit 1: 12
  • Unit 1's Estimated Square Feet: 810
  • Number of 2 bedroom units: 12
Rental
Rental Information
  • Rent Unit 1: $1,425.00
  • Lease Sq Ft Unit: Square Feet
  • Total Actual Rent: $1,425.00
  • Horse YN: No

Schools near 1619-1701 Palm Drive

This home is within Poudre R-1 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 6
Rating
School
Distance
Bauder Elementary School
PublicPK to 5

Blevins Middle School
Public6 to 8

Rocky Mountain High School
Public9 to 12

Fort Collins Montessori School
CharterPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Noble Venture, David Lund

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.