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$515,000

335 E Magnolia St, Fort Collins CO 80524, Fort Collins, Colorado, 80524

Property Description
3 Bedrooms
1 Bathrooms
1,216 Sqft
Year Built: 1900
Building Area: 1,216 Sqft
Lot Area: 9,500 Sqft

Investment opportunity! First, location: This property sits 2.5 blocks from Target, 3.5 blocks from Lucky’s, and 5 blocks to Old Town, where you can walk to get coffee, drinks or dinner without needing to cross a major street. Transit and other nearby infrastructure make this location ideal for simple convenience.Next, opportunity: With the upcoming changes to the land use code (call for more info), this property, sitting in the NCM zoning district, will be allowed to be developed into a multi-family (up to a 6-Plex), or even simpler, can contain an ADU. That means this property is NOT relegated to a SFR investment, but has the potential to generate much more revenue.Lastly, immediacy: This property has been approved by the City to be developed into a 4-plex (several year process), so for the right investor, this work could begin immediately. Further, the plan may be modifiable to grow into a 5-plex.The house needs some work to become immediately rentable; please see the attached inspection report. But the value here is the location and opportunity. The new zoning codes in Fort Collins is a game changer, so for the right buyer this has the opportunity to become a fantastic investment.

About This Property
Income Property
1,216 Sqft
0
$2,607
: Not New, Previously Owned
Building Details
: Wood/frame
: Ranch, Cottage/bung
: Partial
: Composition
: Partial
: Curbs, Gutters, Sidewalks
: Gas Range/oven, Refrigerator, Self Cleaning Oven
: Main Level
: Forced Air
: Natural Gas, City Of Fort Co
: Carpet
$0
Address Map
335 E Magnolia St, Fort Collins CO 80524
CO
Larimer
Fort Collins
80524
0
W106° 55' 39.4''
N40° 34' 56.7''
North on College past Mulberry. East on Magnolia to property.
Old Town
Additional Information
1
P20906
JOOB1
: Cash, Conventional
1
: Private Owner
2021
NCM
1,216 Sqft
$0
0 Sqft
$0
$0
$0
$0
0 Sqft
Utilities and Services
: Natural Gas Available, Electricity Available, Cable Available
: City Water, City Of Fort Collins
: City Sewer
: City Street
Louisville
Poudre
Lesher

Fort Collins

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    Listing ID #976558
    Right Sidebar Info
    Listing Type : For Sale
    Price : $515,000
    Bedrooms : 3
    Bathrooms Total : 1
    Bathrooms : 1
    Square Footage : 1,216 Sqft
    Year Built : 1900
    Lot Area : 9,500 Sqft
    Interior Features : High Speed Internet
    Status : Active
    Property Type : Residential
    Listing ID : 976558
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