Address
1114 W Mulberry Street, Fort Collins, CO
Price
$ 735,000
Property Attributes
- MLS#IR1061194
- TypeSingle Family
- Listing Status Active
- CountyLARIMER
- CityFort Collins
- NeighborhoodKenwood Heights
- Zip80521
- StyleContemporary
- Year Built1951
- Taxes$ 4266
- Price$ 735,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1724
- Lot Size0.17 Acres
Data Source:
REColorado (MTOMLS)
Property Description
1114 W. Mulberry presents an exceptional investment opportunity in the heart of Fort Collins with stable cash flow already in place. This spacious 4-bedroom, 3-bath home is currently leased at $3,800 per month through June 1, 2027, providing immediate and reliable income for the next owner. With an established lease in place, investors can step into ownership with confidence and avoid the uncertainty and expense of marketing an available property and securing new tenants. The functional main-level floor plan offers ample living space appealing to a wide range of tenants, including students, professionals, and those seeking convenient access to everything Fort Collins has to offer. Well-maintained and thoughtfully designed, the home combines comfort, practicality, and strong rental appeal. Generous living areas and a desirable layout contribute to the property's attractiveness within the local rental market. Ideally located near Colorado State University, Old Town Fort Collins, shopping, dining, parks, and major commuter routes, this property benefits from consistent demand in one of Northern Colorado's strongest rental markets. The central location supports appreciation potential and strong occupancy trends while offering convenient access to Fort Collins amenities. Offered at $735,000, the property generates gross rental income of $45,600 annually based on current lease terms. This represents an approximate gross rent multiplier (GRM) of 16.1 and a gross income yield of 6.2%, providing investors with clear performance metrics. The lease through June 2027 offers predictable income, reduced vacancy risk, and immediate cash flow from closing. Whether expanding an investment portfolio, completing a 1031 exchange, or seeking a turnkey income property in a high-demand location, 1114 W. Mulberry offers an attractive combination of immediate cash flow and long-term upside. Opportunities to acquire an income-producing property with established tenant in place are limited.
| Elementary School | Middle School | High School |
|---|---|---|
| Dunn Elementary School | Lincoln Middle School | Poudre High School |
| Price History | |
|---|---|
| 6/7/2026 | Listed $735,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Ceiling Fan(s),Central Air |
| Utilities | Electricity Available,Internet Access (Wired),Natural Gas Available |
| Possession | Closing/DOD |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Dryer,Microwave,Oven,Refrigerator,Washer |
| Zoning | NCL |
| Garage Spaces | 2 |
| Patio/Porch Features | Patio |
| Architectural Style | Contemporary |
| Security Features | Smoke Detector(s) |
| Construction Materials | Frame |
| Exclusions | Seller and Tenant personal property |
| Year Built | 1951 |
| View | Mountain(s) |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Individual |
| County | Larimer |
| Property Type | Residential |
| HOA | No |
| Attached Garage | Yes |
| Subdivision Name | Kenwood Heights |
| Facing Direction | South |
| Possible Use | Residential |
| Full Baths | 3 |
| Status | Active |
| Directions | Via E Mulberry,head toward S college Ave,keep going west,property will be on the right. |
| High School | Poudre |
| City | Fort Collins |
| High School District | Poudre R-1 |
| Lot Size Square Feet | 7365 |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
| Elementary School | Dunn |
| Tax Annual Amount | 4266 |
| Middle/Junior High School | Lincoln |
| Concessions | No |
| Virtual Tour | https://cleancapture-property-solutions.aryeo.com/sites/1114-w-mulberry-st-fort-collins-co-80521-25121075/branded |
| Structure Type | House |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Elementary School District | Poudre R-1 |
Interior Features
| Interior Amenities | Open Floorplan,Radon Mitigation System,Vaulted Ceiling(s),Walk-In Closet(s) |
|---|---|
| Basement | Crawl Space,None |
| Flooring | Tile,Wood |
| Fireplace Features | Insert |
| Basement (Y/N) | No |
| Window Features | Double Pane Windows,Skylight(s) |
| Above Grade Finished Area | 1724 |
| Laundry Features | In Unit |
| Total Bedrooms | 4 |
| Main Level Bedrooms | 4 |
| Main Level Bathrooms | 3 |
| Total Baths | 3 |
Exterior Features
| Vegetation | Wooded |
|---|---|
| Fencing | Fenced |
| Parking Features | Oversized |
| Lot Features | Historical District,Level,Sprinklers In Front |
| Water Source | Public |
| Total Parking | 2 |
| Building Area Total | 1724 |
| Lot Size Acres | 0.17 |
| Road Surface Type | Alley Paved,Paved |
| Road Frontage Type | Public |
| Other Equipment | Satellite Dish |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 80521
Price
Taxes
Year Built
Visits
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