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329 N Meldrum St, Fort Collins, CO 80521

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For Sale

$1,795,000

17 beds • 11 baths • 7,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $239.33
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

GREAT Investment Opportunity in the heart of Downtown Fort Collins! 7 total units comprised of a triplex and 4 mobile homes, all legal and all permitted. Enjoy great in place rents of nearly $120,000 per year, AND future upside potential of future redevelopment on this great corner property located at Cherry & Meldrum in Downtown Fort Collins. These well located, affordable for Old Town rental units are always fully leased! Down the road, join several other previous Downtown redevelopment projects that have had great success in an around this burgeoning area of Old Town. Buy as an investment that cash flows now, and make an income while planning your next development project in this NCB zoning district. Please check with the City of Fort Collins for more information and schedule a conceptual review if so desired. This a rare chance to own over 1/3 acre of highly desirable Old Town land w/ great income in such a close proximity to Downtown Restaurants, Shopping, Lee Martinez Park, & all that Old Town has to offer. Units are fully leased thru Next May/June/July 2026 (unit dependent). You cold also make this a very cool and hip tiny home community, as the Seller has a letter in the file from Planning & Zoning that allows the 4 mobile homes to be replaced and swapped out at any point in the future, with newer trailers or even tiny homes! So use your creativity, and either upgrade and swap out for more income, or replace with newer tiny houses, or do a total redevelopment and go vertical here. So many options and so much potential. Unfortunately, so as not to disturb the Tenants, showings will not be possible on all units until the time of Contract. Units are all in middle of the road "rental grade" condition. Trailer SQFT is added to total SQFT on the listing. Buyer to verify. Property is being sold in its current "As-Is Where-Is" condition. Sellers are licensed Real Estate Brokers in the State of Colorado, and will be completing a 1031 Tax Deferred Exchange.
MLS# 1031844

Courtesy Of Fort Collins Real Estate

(970) 224-1411

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Ranch
  • Lot Size
    0.38 Acres

Map and Directions

Directions to 329 N Meldrum St, Fort Collins, CO 80521

Home seller CENTURY 21 Elevated Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Elevated Real Estate

(970) 224-1800
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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