615 Remington St, Fort Collins, CO 80524

$2,850,000
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List Price
$2,850,000
Status
ACTIVE
MLS#
1055585
Price Change
▼ $100,000 1781216579
Year Built
1904
Region
Fort Collins
Subdivision
Ftc
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(970) 541-9009

Property Description

Waypoint Real Estate is pleased to present 615-621 Remington Street, a 12,130 SF two-building multifamily portfolio situated on 0.37 acres within walking distance of Colorado State University and minutes from Old Town Fort Collins.The 10-unit, 100% occupied portfolio offers a unit mix of two studios (215 SF), five 3-bedroom/2-bathroom units (1,500 SF), and three 3-bedroom/1-bathroom units (1,400 SF), zoned OT-C within the Old Town corridor. Current in-place rents sit below market, presenting a clear mark-to-market opportunity through natural lease turnover, no renovation, or repositioning required. The property's proximity to CSU provides a consistent rental pool that underpins occupancy year over year, reducing vacancy risk and supporting steady NOI growth from day one.Presenting an opportunity to acquire a fully performing asset with embedded upside in one of Fort Collins' most supply-constrained rental corridors.

(970) 541-9009
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Additional Information

Taxes
$16,131
School District
Poudre
Elementary School
Laurel
Middle School
Blevins
High School
Poudre
Heating
Forced Air
Cooling
Ceiling Fan(s)
Utilities
Natural Gas Available
Zoning
NCB
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Listing courtesy of David Katz.

9706325050

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