Fort Collins, CO 80521 1343 Cherry St
$1,175,000
7 more
Presented By: Helix Properties, LLC; 9092382299
Beds • 8
Baths • 4
SQFT • 3,432
Home Details
Excellent investment opportunity just 5 minutes from Old Town and CSU! This fully leased, low-maintenance 4-plex offers 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). The adjacent 4-plex at 1349 Cherry St is also available and can be purchased separately or together-perfect for expanding your portfolio in a prime Fort Collins location.
Presented By: Helix Properties, LLC; 9092382299
Interior Features for 1343 Cherry St
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
BasementNone
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesEat-in Kitchen, Open Floorplan
General for 1343 Cherry St
AppliancesAll Appliances
Attached Garage No
Cap Rate6.08
CityFort Collins
Construction MaterialsWood/Frame
CountyLarimer
ElectricElectric, City of Fort Co
Elementary SchoolPutnam
ExclusionsTenants personal property, Sellers personal property
Garage Y/NNo
Gross Income84840
HOANo
HeatingBaseboard
High SchoolPoudre
High School DistrictPoudre
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet8930
Lot Size UnitsSquare Feet
MLS AreaFort Collins
Middle/Junior High SchoolLincoln
Net Operating Income71552
New ConstructionNo
Number Of Units Total4
Operating Expense13288
Patio/Porch FeaturesPatio, Deck
Possible UseMulti-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameTennyson Heights
Tax Annual Amount5850
Tax Year2024
Tenant PaysDeposit, Electricity, Water, Sewer, Trash Collection
UtilitiesElectricity Available
Virtual TourClick here
Year Built1994
ZoningLMN
Exterior for 1343 Cherry St
Exterior AmenitiesBalcony
FencingPartial
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks
Lot Size Acres0.21
Lot Size Area8930
Other ParkingParking Per Unit(2 Spaces/Unit)
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Fort Collins
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Putnam Elementary School
High School
Poudre High School
Middle School
Lincoln Middle School
