1321 Cherry StFort Collins, CO 80521

Property Details for 1321 Cherry St

Year built

1980

Lot size

0.68 AC

Property size (Sq ft)

4,320 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a four-unit single-family rental portfolio ideally situated in desirable North Fort Collins, Colorado. The property, located at 1321-1324 Cherry St, 80521, encompasses a 0.68-acre lot and boasts a total of 4,320 square feet of living space. Constructed in 1980, the single-story building comprises four identical 1,080-square-foot ranch-style units, each featuring three bedrooms, a full kitchen, and one full bathroom. A shared laundry/utility room is conveniently located between every two units, enhancing tenant convenience. The property offers ample parking with both on-site and off-street spaces. Residents enjoy a spacious, unfenced backyard, presenting potential for future landscaping enhancements. This prime location places residents within easy reach of the Poudre River, the vibrant Brewery District, expansive open spaces, natural areas, and the historic Old Town. The property is zoned RES, making it an attractive and stable investment. The asking price for this turnkey multifamily property is $1,150,000. This represents a compelling opportunity for investors seeking a well-maintained, high-demand rental portfolio in a thriving Colorado community.

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5927

Longitude

-105.1

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