Fort Collins, CO 80524 635 Stover St

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Presented By: Group Harmony; 9706915201
  • MLS# 1031214
  • 04/15/2025
  • Request Tour
  • Request Info
  • Beds • 2
  • Baths • 2
  • SQFT • 892

Home Details

Great 1031 Tax Exchange in place for your investors! Each unit will be fully rented as of 6-1-2025 at $2,000 per month for one full year with a 5% escalation and a buyout clause if the property is sold. Each side is a fully renovated 1 bed / 1 bath unit, remodeled down to the studs with over $400,000 invested since 2020. Brand new south side fence and privacy between the units April of 2025. The exterior boasts new siding, doors, windows, and roof, along with covered front porches, private backyard patios with pergolas, professional landscaping, drip irrigation, planter boxes, fruit trees, storage sheds, and a shared paver patio complete with gas grill, firepit, and hammock posts. Inside, everything is new-plumbing, electrical, appliances, kitchens, and bathrooms-with real hardwood floors, on-demand tankless water heaters, spray-foam insulation, and efficient mini-split heating and cooling systems, bathrooms with heated flooring. Major utility upgrades include a new gas meter, sewer line, water lines to the home and backyard, and completely updated interior systems including active radon mitigation. Turn-key, high-quality duplex that offers lifestyle and investment returns all in one. Short-term rentals allowed if one side is occupied by the property owner for at least 9 months a year. Pre-inspected for your peace of mind.
Presented By: Group Harmony; 9706915201

Interior Features for 635 Stover St

Bedrooms

Total Bedrooms2

Bathrooms

Total Baths2

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NYes
BasementNone, Built-In Radon
Fireplace Y/NNo
FlooringWood Floors
Heating Y/NYes
Interior AmenitiesEat-in Kitchen, Open Floorplan, Beamed Ceilings
Laundry FeaturesWasher/Dryer Hookups
Window FeaturesWindow Coverings, Double Pane Windows

General for 635 Stover St

AccessibilityLevel Lot, No Stairs, Main Floor Bath, Main Level Bedroom
AppliancesGas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Architectural StyleContemporary/Modern, Ranch
Attached Garage No
Cap Rate5.56
CityFort Collins
Construction MaterialsWood/Frame, Composition Siding
CoolingRoom Air Conditioner
CountyLarimer
ElectricElectric, Separate Meter Electricity, City of FC
Elementary SchoolLaurel
ExclusionsTenant's and seller's personal property, staging items
Garage Y/NNo
Gas Y/NNatural Gas, Separate Meter Gas, Xcel
Gross Income48000
HOANo
HeatingIndividual Heat Source, Wall Furnace
High SchoolFt Collins
High School DistrictPoudre
Land Lease Y/NNo
LevelsOne
Living Area UnitsSquare Feet
Lot Size Square Feet9236
Lot Size UnitsSquare Feet
MLS AreaFort Collins
Middle/Junior High SchoolLesher
Net Operating Income44511
New ConstructionNo
Number Of Units Total2
Operating Expense3489
Other StructuresStorage
Patio/Porch FeaturesPatio
Possible UseSingle Family, Multi-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
Stories1
Structure TypeLegal Conforming, Duplex
Subdivision NameOld Town
Tax Annual Amount3489
Tax Year2024
Tenant PaysDeposit, Gas, Electricity
UtilitiesNatural Gas Available, Electricity Available
ViewCity
Virtual TourClick here
Waterfront Y/NNo
Year Built1950
ZoningNCM

Exterior for 635 Stover St

Exterior AmenitiesLighting
FencingFenced, Wood
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Level, Xeriscape
Lot Size Acres0.21
Lot Size Area9236
Parking FeaturesAlley Access
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of FC

Additional Details

Price History

Schools

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

Jon Holsten

Price $800,000
MLS#1031214
List Date 04/15/2025
Property Type Income
Phone 970.237.2752
Request Tour
Request Info
Visit My Website

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