$645,000
$80K PRICE DROP

Estimated payment $3,725/month

Total Views 8,449
5 Beds
3 Baths
2,172 Sq Ft
$297 Price per Sq Ft

Highlights

  • No HOA
  • Cottage
  • Baseboard Heating
  • Dunn Elementary School Rated A-
  • Outdoor Storage
  • 5-minute walk to City Park

About This Home

Walking distance to City Park. Two houses on one lot! Great investment opportunity. Three- unit property perfectly located blocks away from CSU, Old Town and City Park. Unit 1 and 2 are Over/Under duplex in the front house. Both offer 2 bedrooms, 1 bathroom & laundry hook ups. Newer range/oven in upper unit. Unit 3 is located in the back house and offers 1 bedroom, 1 bathroom & office/craft room. All three units have separate entrances and separate parking. Large detached one car garage, storage shed and built on storage unit on back of main home. Seller is a licensed real estate agent & is related to listing agent.

Listing Agent

Nicole Davis

Resident Realty Listed on: 02/24/2025

Resident Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,854

Year Built

  • Built in 1948

Lot Details

  • 9,148 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Sprinkler System

Home Design

  • Cottage
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,172 Sq Ft Home
  • 1-Story Property
  • Partial Basement

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Alley Access

Schools

  • Dunn Elementary School
  • Lincoln Middle School
  • Poudre High School

Additional Features

  • Outdoor Storage
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R0073296

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • City Park Heights Subdivision

Building Details

  • Gross Income $46,851
  • Net Operating Income $35,454

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,854

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Inclusions: No Units Furnished,Electric Range/Oven,Gas Range/Oven,Dishwasher,Refrigerator
  • Year Built: 1948
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.21
  • Road Surface Type: Paved
  • Subdivision Name: CITY PARK HEIGHTS
  • Directions: SOUTH SIDE OF MULBERRY & WEST OF SHIELDS
  • Architectural Style: Cottage/Bung, Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2172
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator
  • Has Basement: Partial, Partially Finished
  • Total Bedrooms: 5

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Lot Features: Sidewalks, Lawn Sprinkler System
  • View: No
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure, Lead Paint Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame, Stucco
  • Direction Faces: North
  • Foundation Details: Slab
  • Other Structures: Storage
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access
  • Total Parking Spaces: 3

Utilities

  • Electric: Electric, CITY OF FTC
  • Heating: Baseboard
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: City Sewer
  • Water Source: City Water, CITY OF FTC
  • Gas Company: Natural Gas, XCEL ENERGY

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Dunn
  • HighSchool: Poudre
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lincoln

Lot Info

  • Zoning: RL
  • Land Lease Amount Frequency: Monthly,Fixed Term
  • Lot Size Sq Ft: 9148
  • Parcel #: R0073296
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2854

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Annual Gross Income: 46851
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 11397
  • Total Actual Rent: 1335

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,999 $34,941 $4,087 $30,854
2024 $2,854 $34,941 $4,087 $30,854
2022 $2,525 $26,744 $4,240 $22,504
2021 $2,552 $27,514 $4,362 $23,152
2020 $2,530 $27,035 $4,362 $22,673
2019 $2,540 $27,035 $4,362 $22,673
2018 $2,124 $23,306 $4,392 $18,914
2017 $2,117 $23,306 $4,392 $18,914
2016 $1,865 $20,434 $4,856 $15,578
2015 $1,852 $20,440 $4,860 $15,580
2014 $1,453 $15,930 $3,580 $12,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2025 08/17/25 Price Changed $645,000 -1.5% $297 / Sq Ft
07/30/2025 07/30/25 Price Changed $655,000 -1.5% $302 / Sq Ft
07/08/2025 07/08/25 Price Changed $665,000 -1.5% $306 / Sq Ft
06/04/2025 06/04/25 Price Changed $675,000 -1.5% $311 / Sq Ft
03/19/2025 03/19/25 Price Changed $685,000 -2.1% $315 / Sq Ft
11/25/2024 11/25/24 Price Changed $699,950 -3.5% $322 / Sq Ft
11/09/2024 11/09/24 For Sale $725,000 -- $334 / Sq Ft
Source: IRES MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Quit Claim Deed -- --
Source: Public Records

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Source: IRES MLS

MLS Number: 1022058

IRES MLS

APN: 97151-05-009