1343 Cherry St - Apartments FOR SALE


Fort Collins, CO 80521
$2,400,000 USD
970-566-3868
1343 Cherry St, Fort Collins, CO for Sale
$2,400,000 USD
Apartments - FOR SALE
1/17
null | 6.24% Cap Rate

1343 Cherry St
Fort Collins, CO 80521


OVERVIEW

Excellent investment opportunity just 5 minutes from Old Town and CSU! The two fully leased, low-maintenance 4-plex's offer strong annual income with no HOA and a consistent rental history. Each unit features 2 bedrooms, 1 bath, in-unit washer/dryer, private storage, individual hot water heaters, and either a fenced backyard or balcony. Parking is available directly in front of each unit. Recent updates include a new roof (2019), new water heaters (last 5 years), and new balconies/decks (2024). Property addresses include 1343 and 1349 Cherry Street.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$699 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

6.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

LMN

APN/PARCEL ID

97101-09-041,97101-09-076

ASK ABOUT THIS PROPERTY

Emily MackHelix Properties, LLCMore Info
970-566-3868

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Emily MackHelix Properties, LLCMore Info
970-566-3868

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.