Fort Collins, CO 80524 120 Peterson St

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Presented By: Porch Life Properties; 7209352469
  • MLS# 1030095
  • 04/03/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 4
  • SQFT • 2,080

Home Details

Earning a 5% cap rate, this well-established four-plex with excellent rental history is located in a prime old town/downtown Fort Collins location. The property consists of four 1 bed/1 bath units. Three units will be available by July 31 - new leases can be put in place by the new owner and there is the potential for very high rents. This coveted location is only one block from Old Town Square and one block from the library. The extremely well maintained property has a newer boiler for heating (hot water radiators), updated electrical, updated plumbing, and all have remodeled kitchens and baths. The sellers will install a new roof before closing. In addition to good mechanicals there are charming features like exposed brick, arched doorways and hardwood floors. Tenants share the clothes washer/dryer in the basement and the detached garage and shed provide shared storage. Sellers are participating in a 1031 exchange and the sale will be contingent upon finding a replacement property. Buyers to verify all information.
Presented By: Porch Life Properties; 7209352469

Interior Features for 120 Peterson St

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementPartial, Sump Pump
Fireplace Y/NNo
FlooringWood Floors
Heating Y/NYes
Laundry FeaturesCommon Area

General for 120 Peterson St

AppliancesGas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
Attached Garage No
Cap Rate5.06
CityFort Collins
Community FeaturesExtra Storage
Construction MaterialsStucco
CoolingRoom Air Conditioner, Ceiling Fan(s)
CountyLarimer
DirectionsFrom Mountain Ave. turn south on Peterson. Home is on the east side of the street.
ElectricElectric, Separate Meter Electricity, City FC
Elementary SchoolLaurel
ExclusionsPersonal property of tenants
Garage Y/NNo
Gas Y/NNatural Gas, Xcel Energy
Gross Income74400
HOANo
HeatingHot Water, Radiator
High SchoolFt Collins
High School DistrictPoudre
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet3220
Lot Size UnitsSquare Feet
MLS AreaFort Collins
Middle/Junior High SchoolLesher
Net Operating Income60761
New ConstructionNo
Number Of Units Total4
Operating Expense13639
Other StructuresStorage
Possible UseMulti-Family
Property Attached Y/NYes
Property ConditionNot New, Previously Owned
Property SubtypeAttached Dwelling
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameFtc
Tax Annual Amount4765
Tax Year2024
Tenant PaysDeposit, Electricity
UtilitiesNatural Gas Available, Electricity Available
Year Built1912
ZoningOT-C

Exterior for 120 Peterson St

FencingPartial
Horse Y/NNo
Lot FeaturesLawn Sprinkler System
Lot Size Acres0.07
Lot Size Area3220
Road Frontage TypeCity Street
SpaNo
Water SourceCity Water, City of Ft Collins
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Laurel Elementary School
Middle School Lesher Middle School
High School Ft Collins High School

Jon Holsten

Price $1,200,000
MLS#1030095
List Date 04/03/2025
Property Type Income
Phone 970.237.2752
Request Tour
Request Info
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