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703 Peterson St

Fort Collins, CO 80524
  • $725,000
  • STATUS: Active
  • ON SITE: 122 Days
  • MLS #: 972646
UPDATED: 50 min ago
$725,000
  • 5
    BEDS
  • 0.17
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,883
    SQFT
  • $251
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Information

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

Description

On the Fort Collins Historical Properties List, the G. R. McDaniels Residence II is one of a kind. Located in Primary Short Term Rental zoning. This is a great rehab project for an owner-occupied buyer looking for an old town property in a great location or would continue to be an outstanding rental property with additional carriage house rental with 2 bedrooms and a kitchen above the garage! Never been vacant in 10 years. The previous tenant was there for 5 years at a rate of $2,800 per month. The house could easily rent for $3,000 + per month. The 2-bedroom apartment above the garage currently rents for $1,625. Total rental income could easily reach $5,000 per month. The property is being sold in "As Is Condition" and is priced accordingly. **Seller is offering a $3,000 concession to level floors.**

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© 2022 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: 2022-12-05T12:42:19.503.

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

  • Price: $725,000
  • Status: Active
  • On Site: 122 Days
  • Updated: 50 min ago
  • MLS #: 972646
5
Beds
3
Baths
0
½ Baths
0.17
Acres
2,883
SQFT
$251
$/SQFT
1908
Built
Neighborhood:
None
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Laurel
Middle School:
Lesher
High School:
Ft Collins
School District:
Poudre
Property Description
On the Fort Collins Historical Properties List, the G. R. McDaniels Residence II is one of a kind. Located in Primary Short Term Rental zoning. This is a great rehab project for an owner-occupied buyer looking for an old town property in a great location or would continue to be an outstanding rental property with additional carriage house rental with 2 bedrooms and a kitchen above the garage! Never been vacant in 10 years. The previous tenant was there for 5 years at a rate of $2,800 per month. The house could easily rent for $3,000 + per month. The 2-bedroom apartment above the garage currently rents for $1,625. Total rental income could easily reach $5,000 per month. The property is being sold in "As Is Condition" and is priced accordingly. **Seller is offering a $3,000 concession to level floors.**
Exterior Features

Architectural Style Cottage/Bung Attached Garage YN Yes Construction Materials Wood/Frame Covered Spaces 2 Exterior Features Lighting Fencing Fenced Garage Sq Ft 696 Garage Type Attached Garage YN Yes Horse YN No Levels Two Lot Features CurbsGuttersSidewalksCorner Lot Patio And Porch Features Deck Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Above Grade Finished Area 2883 Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryer Basement None Baths Rough In 0 Bedroom2 Length 13 Bedroom2 Level Upper Bedroom2 Width 11 Bedroom3 Length 13 Bedroom3 Level Upper Bedroom3 Width 11 Below Grade Finished Area 0 Building Area Total 2883 Cooling Central Air Cooling YN Yes Dining Room Length 13 Dining Room Level Main Dining Room Width 9 Family Room Length 14 Family Room Level Main Family Room Width 13 Has Family Room Yes Heating Forced Air Heating YN Yes Interior Features Study AreaEat-In KitchenOpen Floorplan Kitchen Length 20 Kitchen Level Main Kitchen Width 13 Laundry Features Main Level Laundry Room Length 15 Laundry Room Width 12 Living Area 2883 Living Area Source Other Main Floor Sq Ft 1921 Master Bedroom Length 21 Master Bedroom Level Main Master Bedroom Width 12 Rec Room Length 16 Rec Room Level Main Rec Room Width 10 Study Length 18 Study Level Main Study Width 10 Unit1 Bedrooms 3 Unit1 Total Baths 2 Unit2 Bedrooms 2 Unit2 Total Baths 1 Upper Sq Ft 962

Property Features

Association YN No Cap Rate 0.12 Ditches Active YN No Electric ElectricCity Of Ftc Exclusions None Gas Natural GasXcel Gross Income 4425 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Fort Collins Net Operating Income 897 New Construction YN No Operating Expense 3528 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 3528 Tax Year 2021 Tenant Pays DepositGasElectricityWater Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Ftc Zoning Res

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Kyle Basnar of Group Mulberry: 9702210700.



© 2022 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: 2022-12-05T12:42:19.503.

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