$550,000
$550,000
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408 W Olive St Fort Collins, CO 80521
3 Beds
2 Baths
1,463 SqFt
Key Details
Sold Price $550,000
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,463 sqft
Subdivision Old Town
MLS Listing ID 1006550
Sold Date 05/10/24
Style Cottage/Bung,Contemporary/Modern,Ranch
Bedrooms 3
Full Baths 1
Three Quarter Bath 1
HOA Y/N false
Abv Grd Liv Area 743
Originating Board IRES MLS
Year Built 1953
Annual Tax Amount $3,379
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Are you in search of an investment opportunity in the heart of Old Town? Look no further than 408 W Olive Street. This well-maintained property boasts not only a desirable location but also incredible potential for returns. Situated in the sought after Old Town West, this property also enjoys proximity to CSU, making it an ideal spot for anyone seeking a convenient and vibrant lifestyle. Walkable to amenities such as Lucile's, The Lincoln Center, Mulberry Pool and all of the shopping, dining and entertainment that Old Town provides. Residents will experience the true essence of Old Town living in this location. Featuring 3 bedrooms and 2 bathrooms, this cute 1953 ranch style home offers accommodation suitable for various living arrangements. Whether you're looking to attract tenants or envisioning a cozy family home or the opportunity of a Primary Short-Term Rental in the basement bedrooms while you occupy the main level, this property caters to a diverse range of needs. Currently leased at $1400 with two tenants, this investment gem presents an opportunity for future cash flow. However, it's worth noting that the current lease is under market value, presenting the perfect chance for savvy investors to maximize returns. With the lease up for renewal on June 30th, there's room to adjust rental rates to reflect the true value of this prime location. Step outside into the fenced backyard with the patio offering space for relaxing, room for your pets to roam and space for gardening. The lawn sprinkler in both the front and backyards makes lawn care easy. In the dynamic world of real estate investment, location is key, and 408 W Olive Street ticks all the boxes. With its prime Old Town location, spacious layout, and under rented lease, this property presents an irresistible opportunity for investors seeking to capitalize on the booming Fort Collins market. Don't miss out on this chance to own a piece of Old Town charm while enjoying the lucrative rewards it offers.
Location
State CO
County Larimer
Area Fort Collins
Zoning NCB
Direction From College St/287 and Mulberry head west on Mulberry. Turn right on Meldrum St. Go 2 blocks and turn left on W Olive St. House is 2nd property on the right next to the Chamber of Commerce. **From College and Mountain go west on Mountain and turn left on Meldrum St. Go 2 blocks and turn right onto Olive St. House is 2nd property on the right next to the Chamber of Commerce.
Rooms
Primary Bedroom Level Main
Master Bedroom 12x11
Bedroom 2 Basement 11x10
Bedroom 3 Basement 11x23
Dining Room Wood Floor
Kitchen Vinyl Floor
Interior
Interior Features Satellite Avail, High Speed Internet, Eat-in Kitchen, Separate Dining Room
Heating Forced Air
Cooling Central Air, Ceiling Fan(s)
Flooring Wood Floors
Window Features Double Pane Windows
Appliance Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Laundry Washer/Dryer Hookups, In Basement
Exterior
Exterior Feature Lighting
Garage Spaces 1.0
Fence Fenced, Wood
Utilities Available Natural Gas Available, Electricity Available, Cable Available
Waterfront false
Roof Type Composition
Street Surface Paved,Asphalt
Handicap Access Level Lot, Level Drive, Near Bus, Main Floor Bath, Main Level Bedroom
Porch Patio
Building
Lot Description Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Level, Historic District, Within City Limits
Faces South
Story 1
Sewer City Sewer
Water City Water, City of FTC
Level or Stories One
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Dunn
Middle Schools Lincoln
High Schools Poudre
School District Poudre
Others
Senior Community false
Tax ID R0040142
SqFt Source Other
Special Listing Condition Private Owner
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Bought with Group Mulberry