635 Stover Street
Fort Collins, CO 80524
892 sqft | 0.21 acres | #IR1031214

Description
Have it your way with this incredible investment opportunity offering a 5.6% cap rate and flexible living or rental options. The south side unit is available (each unit is a mirror image) ideal for owner-occupancy or new tenancy-while the north side tenant can stay or vacate at the end of their lease in early May. The current lease allows for an increase in the rents to be discussed. Each side is a fully renovated 1 bed / 1 bath unit, remodeled down to the studs with over $400,000 invested since 2020. The exterior boasts new siding, doors, windows, and roof, along with covered front porches, private backyard patios with pergolas, professional landscaping, drip irrigation, planter boxes, fruit trees, storage sheds, and a shared paver patio complete with gas grill, firepit, and hammock posts. Inside, everything is new-plumbing, electrical, appliances, kitchens, and bathrooms-with real hardwood floors, on-demand tankless water heaters, spray-foam insulation, and efficient mini-split heating and cooling systems, bathrooms with heated flooring. Major utility upgrades include a new gas meter, sewer line, water lines to the home and backyard, and completely updated interior systems including active radon mitigation. Turn-key, high-quality duplex that offers lifestyle and investment returns all in one. Short-term rentals allowed if one side is occupied by the property owner for at least 9 months a year. Pre-inspected for your peace of mind.
Property Details
- InteriorEat-in Kitchen, No Stairs, Open Floorplan, Radon Mitigation System
- Utility FeaturesElectricity Available, Natural Gas Available
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- High SchoolFort Collins
- School DistrictPoudre R-1
- MLS #IR1031214
- MLS #IR1031214
- SubdivisionOld Town
- Original List Price$800,000
- CountyLarimer
- Utility SourcePublic
- Elementary SchoolLaurel
- Middle SchoolLesher
- Taxes Annual$3,489
- Cost800000
- Property SubtypeDuplex
- Lot DescriptionLevel
- ViewCity
- Acres0.21
- Year Built1950
- Square Feet892
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Joanne DeLeon (#RECIRP24837)
Listing Office: Group Harmony (#RECIR9GRPH)

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