635 Stover Street
Fort Collins, CO 80524
2 beds | 0.21 acres | #1031214
Description
Have it your way with this incredible investment opportunity offering a 5.6% cap rate and flexible living or rental options. The south side unit is available (each unit is a mirror image) ideal for owner-occupancy or new tenancy-while the north side tenant can stay or vacate at the end of their lease in early May. The current lease allows for an increase in the rents to be discussed. Each side is a fully renovated 1 bed / 1 bath unit, remodeled down to the studs with over $400,000 invested since 2020. 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.
Property Details
- InteriorEat-in Kitchen, Open Floorplan, Beamed Ceilings
- Utility FeaturesNatural Gas Available, Electricity Available
- Lot DescriptionCurbs, Gutters, Sidewalks, Level, Xeriscape
- Utility SourceCity Water, City of FC
- BasementNone, Built-In Radon
- Property SubtypeAttached Dwelling
- Property TypeMulti-Family
- Sewer InformationCity Sewer
- High SchoolFt Collins
- Exterior MaterialsLighting
- SubdivisionOld Town
- CountyLarimer
- MLS #1031214
- MLS #1031214
- Elementary SchoolLaurel
- Middle SchoolLesher
- Cost800000
- ViewCity
- Acres0.21
- Year Built1950
- Bedrooms2
Location
Legal
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES. Information deemed reliable but not guaranteed by the MLS. The information being provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Last Updated: . Source: IRES
Listing Courtesy
Listing Agent: Joanne DeLeon (#P24837), Phone: (970) 691-5201
Listing Office: Group Harmony (#9GRPH)

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