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1817 E Lincoln Ave

Fort Collins, CO 80524
  • $650,000
  • STATUS: Active
  • ON SITE: 996 Days
  • MLS #: 892677
UPDATED: 30 min ago
$650,000
  • 13
    BEDS
  • 1.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,000
    SQFT
  • $108
    $/SQFT
Neighborhood:
Na
Type:
Multi-Family
Built:
1910
County:

School Information

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

Description

One acre commercial/industrial property located 2.4 miles to the interstate. The property contains 6 rentals. They consist of two (2) 2-bedroom houses, large garage and 4 mobile homes. Rentals are all livable with long term tenants, all units on month-month leases. One house was recently renovated. Second house can do with cosmetic repairs. The property has a gross return of $4,660 monthly. Expenses run at approximately $1200 a month (water, sewer, maintenance, and management). Zoned Commercial, can change to Industrial (DYOR with the city). Selected sewer lines underground was replaced. Properties are grandfathered. Trailers cannot be demolished until Nov 2022. Interested parties are welcome to email matt@topnotchinvesting.com in order to receive walk through videos, photos, financial actuals and pro-forma. No walk throughs will be entertained until buyers have been vetted and terms are agreed to. Property suits redevelopment or lease as is for rental return.

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© 2022 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 EXP Realty. Data last updated: 2022-05-22T14:40:22.713.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1817 E Lincoln Ave Fort Collins, CO 80524

  • Price: $650,000
  • Status: Active
  • On Site: 996 Days
  • Updated: 30 min ago
  • MLS #: 892677
13
Beds
0
Baths
0
½ Baths
1.03
Acres
6,000
SQFT
$108
$/SQFT
1910
Built
Neighborhood:
Na
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Other,Other
Middle School:
Other
High School:
Other
School District:
OTHER
Property Description
One acre commercial/industrial property located 2.4 miles to the interstate. The property contains 6 rentals. They consist of two (2) 2-bedroom houses, large garage and 4 mobile homes. Rentals are all livable with long term tenants, all units on month-month leases. One house was recently renovated. Second house can do with cosmetic repairs. The property has a gross return of $4,660 monthly. Expenses run at approximately $1200 a month (water, sewer, maintenance, and management). Zoned Commercial, can change to Industrial (DYOR with the city). Selected sewer lines underground was replaced. Properties are grandfathered. Trailers cannot be demolished until Nov 2022. Interested parties are welcome to email matt@topnotchinvesting.com in order to receive walk through videos, photos, financial actuals and pro-forma. No walk throughs will be entertained until buyers have been vetted and terms are agreed to. Property suits redevelopment or lease as is for rental return.
Exterior Features

Architectural Style Ranch Construction Materials Wood/Frame Horse YN No Other Parking Parking Per Unit(2 Spaces/Unit) Property Attached YN No Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Basement None Heating Forced Air Heating YN Yes Living Area Source Other Unit1 Bedrooms 2 Unit1 Est Sq Ft 826 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 640 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 692 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Est Sq Ft 856 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 6.4 Ditches Active YN No Electric ElectricXcel Gas Natural GasAtmos Gross Income 55081.2 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms Cash Locale Fort Collins Net Operating Income 41569.76 New Construction YN No Operating Expense 13511.44 Possible Use CommercialCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Commercial Sewer District Sewer Special Listing Conditions Licensed Owner Tax Annual Amount 1575.44 Tax Year 2019 Tenant Pays Deposit Unit1 Rent 775 Unit2 Rent 660 Unit3 Rent 665 Unit4 Rent 1155 Utilities Natural Gas AvailableElectricity Available Water Source District WaterElco Zoning Commercial

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Matt Ackerman of Resident Realty: 970-282-8585.



© 2022 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 EXP Realty. Data last updated: 2022-05-22T14:40:22.713.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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EXP Realty
500 Whitcomb Street
Fort Collins CO, 80521