NOT LISTED FOR SALE

3121 E Locust St Fort Collins, CO 80524

2 Beds
1 Bath
5,652 Sq Ft
0.49 Acres

Last Sold March 24, 2023

Last sale price $1,100,000 $195 Per Sq Ft

54 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Brick Veneer
  • Riffenburgh Elementary School Rated A-
  • Eat-In Kitchen
  • Luxury Vinyl Tile Flooring

About This Home

As of March 2023

CBRE is pleased to offer for sale a 6-unit multi-family complex in Fort Collins, Colorado. The current owners have invested significantly into the property. Three units were remodeled in 2018 and one was remodeled in 2022. The other two units were remodeled approximately 10 years ago.All 6 units are single story, two bedroom, one bath, approximately 920 SF with a dishwasher, fridge, oven/stove, and garbage disposal. There are two linen closets near the bathrooms and ceiling fans in some units.The current owners value good tenants, so they have screened carefully, have personal interaction with everyone, and haven't raised rents for great tenants who renew. When vacancies come up, there have been no issues attracting qualified tenants at increased rates.

Last Agent to Sell the Property

Annah Moore CCIM

CBRE Inc Listed on: 01/12/2023

Last Buyer's Agent

Lindsey Crisanti

Group Harmony

Group Harmony

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,256

Year Built

  • Built in 1972

Lot Details

  • 0.49 Acre Lot
  • Wood Fence
  • Chain Link Fence

Home Design

  • Property Attached
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 5,652 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Window Treatments
  • Luxury Vinyl Tile Flooring
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Laurel Elementary School
  • Lesher Middle School
  • Ft Collins High School

Utilities

  • Heating Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0192988

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Sunrise Acres Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $94,943
  • Net Operating Income $63,731

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,256

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.49
  • Road Surface Type: Paved
  • Subdivision Name: SUNRISE ACRES
  • Above Grade Finished Sq Ft: 5652
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 5652
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Disposal
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Satellite Avail, Eat-in Kitchen, Open Floorplan
  • Living Area: 5652
  • Window Features: Window Coverings
  • IRESDS_HasFamilyRoom: No
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 1
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Luxury Vinyl Floor
  • Master Bedroom Features: Luxury Vinyl Floor
  • Room Kitchen Features: Luxury Vinyl Floor
  • Room Kitchen Area: 1
  • Room Master Bedroom Area: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Wood, Chain Link
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • IRESDS_GarageType: None

Utilities

  • Electric: Electric, Master Meter-Electric, PV REA
  • Heating: Common Heat Source
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Common Area
  • Heating Yn: Yes
  • Sewer: District Sewer
  • Water Source: District Water, ELCO
  • Gas Company: Natural Gas, Master Meter-Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Laurel
  • HighSchool: Ft Collins
  • Junior High Dist: Poudre
  • Middle Or Junior School: Lesher

Lot Info

  • Zoning: MR
  • Lot Size Sq Ft: 21344
  • Parcel #: R0192988
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6256

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 94943
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 31212

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $1,100,000 -8.3% $195 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
01/25/2023 01/25/23 Price Changed $1,200,000 0.0% $212 / Sq Ft
01/25/2023 01/25/23 For Sale $1,200,000 +9.1% $212 / Sq Ft
01/18/2023 01/18/23 Off Market $1,100,000 -- --
01/12/2023 01/12/23 For Sale $1,350,000 -- $239 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 980555

IRES MLS

APN: 87162-06-027