Wake up to lakefront living at its finest in this exceptional
townhome on Terry Lake, a private and highly coveted retreat in
north Fort Collins, only ten minutes from the vibrant dining,
shopping, and entertainment of Old Town. Here, serenity and
convenience coexist beautifully. Located in Terry Point North, a
quaint enclave of only 46 attached residences, this community
immediately sets a peaceful tone. The main level welcomes you with
rich, warm wood flooring and a cozy living room fireplace, an
inviting space to relax and unwind. The kitchen features newer
black stainless appliances and painted cabinetry, blending style
with everyday functionality. Upstairs you find a spacious primary
bedroom offering tranquil lake views, as well as the second bedroom
en-suite. The walkout basement provides the third bedroom with a
family room and another fireplace. This basement adds versatility
while providing a seamless connection to the outdoors. Terry Lake
is fully stocked with trout, bass, walleye, and perch, making it
ideal for fishing enthusiasts. The sandy beach is a perfect place
to enjoy the day with a picnic and spending the day on the water
whether paddle boarding or kayaking. There is an abundance of
wildlife and natural beauty that surrounds you. Each season brings
its own beauty. Step onto the deck and enjoy both sunrise and
sunset over the water, an experience few properties can offer. If
you are seeking a refined yet relaxed lifestyle, with nature at
your doorstep and Old Town moments away, this rare Terry Lake
townhome is not to be missed.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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