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335 E Magnolia St

Fort Collins, CO 80524
  • $515,000
  • STATUS: Active
  • ON SITE: 126 Days
  • MLS #: 976558
UPDATED: 34 min ago
$515,000
  • 3
    BEDS
  • 0.22
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,216
    SQFT
  • $424
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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.

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© 2023 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or SW Team | RE/MAX Alliance. Data last updated: 2023-02-08T15:42:25.07.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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335 E Magnolia St Fort Collins, CO 80524

  • Price: $515,000
  • Status: Active
  • On Site: 126 Days
  • Updated: 34 min ago
  • MLS #: 976558
3
Beds
1
Baths
0
½ Baths
0.22
Acres
1,216
SQFT
$424
$/SQFT
1900
Built
Neighborhood:
Old Town
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Laurel
Middle School:
Lesher
High School:
Poudre
School District:
Poudre
Property Description
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.
Exterior Features

Architectural Style Cottage/BungRanch Attached Garage YN No Construction Materials Wood/Frame Covered Spaces 0 Exterior Features Lighting Fencing Partial Garage Type None Garage YN No Horse YN No Lot Features CurbsGuttersSidewalks Parking Features Alley Access Patio And Porch Features Deck Road Frontage Type City Street Road Surface Type PavedConcrete Roof Composition Spa YN No Waterfront YN No

Interior Features

Above Grade Finished Area 1216 Appliances Gas Range/OvenSelf Cleaning OvenRefrigerator Basement Partial Baths Rough In 0 Bedroom2 Length 11 Bedroom2 Level Main Bedroom2 Width 11 Bedroom3 Length 8 Bedroom3 Level Main Bedroom3 Width 9 Below Grade Finished Area 0 Building Area Total 1216 Has Family Room No Heating Forced Air Heating YN Yes Interior Features High Speed Internet Kitchen Length 9 Kitchen Level Main Kitchen Width 13 Laundry Features Main Level Laundry Room Length 3 Laundry Room Width 6 Living Area 1216 Living Area Source Assessor Living Room Length 11 Living Room Level Main Living Room Width 17 Main Floor Sq Ft 1216 Master Bedroom Length 9 Master Bedroom Level Main Master Bedroom Width 16 Window Features Window Coverings

Property Features

Association YN No Ditches Active YN No Electric ElectricExel Gas Natural GasCity Of Fort Co Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Fort Collins New Construction YN No Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Property Sub Type Residential-Detached Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 2607.16 Tax Year 2021 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Of Fort Collins Zoning Ncm

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Jordan Obermann of Jordan Obermann: 9704129777.



© 2023 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or SW Team | RE/MAX Alliance. Data last updated: 2023-02-08T15:42:25.07.

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