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1720 Azalea Ct

Fort Collins, CO 80526
  • $2,395,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 993481
UPDATED: 60 min ago
$2,395,000
  • 13
    BEDS
  • 0.49
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 10,668
    SQFT
  • $225
    $/SQFT
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Don't miss this RARE turnkey investment opportunity! This spacious multifamily building is composed of 8 extra-roomy units that rent themselves on size alone. This professionally managed property features lush landscaping, refurbished and updated units throughout and a new roof as of 2019. This property is fully leased with an exceptional rental history! The 3-bedroom units feature in-unit washer/ dryer and a private garage, plus an ample first come first serve parking lot and street parking for the other units. There are 5 ground level units that feature private fenced-in backyards, while the three upstairs units enjoy private balconies! All units have access to a shared coin-op laundry facility in the basement with steady monthly revenue. This property is located close to Horsetooth Reservoir and its surrounding trails and just a few minutes' drive or bike from Old Town! All units are leased through June 2024!

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© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor Home Partners. Data last updated: 2023-09-26T23:42:08.76.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.taylorhomepartners.com/homes/142073576
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1720 Azalea Ct Fort Collins, CO 80526

  • Price: $2,395,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 60 min ago
  • MLS #: 993481
13
Beds
8
Baths
0
½ Baths
0.49
Acres
10,668
SQFT
$225
$/SQFT
1970
Built
Neighborhood:
Elliott Miller Foothills West
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Bauder
Middle School:
Blevins
High School:
Rocky Mountain
School District:
Poudre
Property Description
Don't miss this RARE turnkey investment opportunity! This spacious multifamily building is composed of 8 extra-roomy units that rent themselves on size alone. This professionally managed property features lush landscaping, refurbished and updated units throughout and a new roof as of 2019. This property is fully leased with an exceptional rental history! The 3-bedroom units feature in-unit washer/ dryer and a private garage, plus an ample first come first serve parking lot and street parking for the other units. There are 5 ground level units that feature private fenced-in backyards, while the three upstairs units enjoy private balconies! All units have access to a shared coin-op laundry facility in the basement with steady monthly revenue. This property is located close to Horsetooth Reservoir and its surrounding trails and just a few minutes' drive or bike from Old Town! All units are leased through June 2024!
Exterior Features

Construction Materials Brick/Brick Veneer Exterior Features LightingBalcony Fencing FencedWood Horse YN No Levels Two Lot Features CurbsGuttersSidewalksLawn Sprinkler SystemCul-De-Sac Other Parking Parking Per Unit(1.5 Spaces/Unit) Patio And Porch Features Patio Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Tar/Gravel Spa YN No Waterfront YN No

Interior Features

Basement Unfinished Cooling Room Air Conditioner Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features Eat-In KitchenPantry Laundry Features Common Area Living Area Source Assessor Unit1 Bedrooms 3 Unit1 Est Sq Ft 1480 Unit1 Total Baths 2 Unit2 Bedrooms 3 Unit2 Est Sq Ft 1480 Unit2 Total Baths 2 Unit3 Bedrooms 2 Unit3 Est Sq Ft 994 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Est Sq Ft 994 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 5.55 Ditches Active YN No Electric Electric Exclusions N/A Gas Natural Gas Gross Income 176134 Has Improvements No Has Water Rights No Income Includes Lease/RentsLaundry Listing Sub Status None Listing Terms CashConventionalExchange1031 Exchange Locale Fort Collins Net Operating Income 132904.39 New Construction YN No Operating Expense 43229.61 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Special Listing Conditions Private Owner Tax Annual Amount 8989.26 Tax Year 2022 Tenant Pays DepositGasElectricityWaterSewerTrash Collection Unit1 Rent 1750 Unit2 Rent 1975 Unit3 Rent 1600 Unit4 Rent 1650 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Fort Collins Zoning M-M-N

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Emily Mack of Lokation Real Estate: emack@mylokation.com.



© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor Home Partners. Data last updated: 2023-09-26T23:42:08.76.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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Taylor Home Partners
750 W Eisenhower
Loveland CO, 80537