120 Peterson ST Active Save Request In-Person Tour Request Virtual Tour
Fort Collins,CO 80524
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Ftc
MLS Listing ID IR1030095
HOA Y/N No
Year Built 1912
Annual Tax Amount $4,765
Tax Year 2024
Lot Size 3,220 Sqft
Acres 0.07
Property Sub-Type Quadruplex
Source recolorado
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
Zoning OT-C
Rooms
Basement Partial,Sump Pump
Interior
Heating Hot Water
Cooling Air Conditioning-Room,Ceiling Fan(s)
Flooring Wood
Fireplace N
Appliance Dishwasher,Dryer,Oven,Refrigerator,Washer
Exterior
Fence Partial
Utilities Available Electricity Available,Natural Gas Available
Roof Type Composition
Total Parking Spaces 1
Building
Lot Description Sprinklers In Front
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Stucco
Schools
Elementary Schools Laurel
Middle Schools Lesher
High Schools Fort Collins
School District Poudre R-1
Others
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional