$650,000

507 S Loomis Ave Fort Collins, CO 80521

University North Neighborhood

Estimated payment $3,702/month

Total Views 880
3 Beds
2 Baths
1,836 Sq Ft
$354 Price per Sq Ft

Highlights

  • City View
  • Open Floorplan
  • Cottage
  • Dunn Elementary School Rated A-
  • No HOA
  • Forced Air Heating System

About This Home

Looking for a good investment property. This 2 unit bungalow is located just north Colorado State University off of Mulberry in Fort Collins Colorado. Units have had good rental history with tenants paying all utilities except water and trash. All showings are contingent on 24 hour notice with no showings after 5:00 PM.Property has been in the same ownership for past 13 years and property management company has coordinated all leasing and maintenance with ownership.

Listing Agent

Micky Ashby

Micky Ashby Realty Listed on: 12/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,521

Year Built

  • Built in 1921

Lot Details

  • 6,353 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Parking

  • 1 Parking Space

Home Design

  • Cottage
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,836 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Dining Room
  • City Views
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Schools

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

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas
  • Assessor Parcel Number R0069213

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Westlawn Subdivision, Bungalow Floorplan

Building Details

  • Gross Income $30,016
  • Net Operating Income $21,305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,521

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Inclusions: Electric Range/Oven,Refrigerator
  • Year Built: 1921
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Westlawn
  • Architectural Style: Cottage/Bung, Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1836
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: Partially Finished
  • Total Bedrooms: 3
  • Interior Amenities: Separate Dining Room, Open Floorplan

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Level
  • View: City
  • View: Yes
  • Waterfront: No
  • Disclosures: No Property Disclosure, Lead Paint Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Electric: Electric, Xcel Energy
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: City Sewer
  • Water Source: City Water, City of Fort Collins
  • Gas Company: Natural Gas, City of Fort Collins

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: NCM
  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 6353
  • Parcel #: R0069213
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: Deposit, Gas

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3521

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30016.2
  • Income Includes: ["Lease/Rents"]
  • Total Actual Rent: 2890

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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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 $3,870 $44,012 $3,350 $40,662
2024 $3,682 $44,012 $3,350 $40,662
2022 $2,297 $24,324 $3,400 $20,924
2021 $2,372 $25,576 $3,575 $22,001
2020 $3,521 $37,630 $3,575 $34,055
2019 $3,536 $37,630 $3,575 $34,055
2018 $2,822 $30,960 $3,600 $27,360
2017 $2,812 $30,960 $3,600 $27,360
2016 $2,141 $23,450 $3,980 $19,470
2015 $2,125 $23,450 $3,980 $19,470
2014 $1,802 $19,760 $3,980 $15,780
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $650,000 -- $354 / Sq Ft
Source: IRES MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: IRES MLS

MLS Number: 1047965

IRES MLS

APN: 97142-06-024

Colorado Larimer County Fort Collins 80521 University North

507 S Loomis Ave, Fort Collins, CO

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing 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 deemed reliable but not guaranteed by the MLS.

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Micky Ashby
Listing Agent
Micky Ashby
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Micky Ashby Realty
(970) 469-5714