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Video
Map
$550,000
●
House -
In Contract
408 W Olive Street
Fort Collins, CO 80521
3 Beds
2 Baths
1463 Sqft
$2,701
Estimated Monthly
$0
HOA / Fees
About This Property
Are you in search of an investment opportunity in the heart of Old
Town? Look no further than 408 W Olive Street. This well-maintained
property boasts not only a desirable location but also incredible
potential for returns. Situated in the sought after Old Town West,
this property also enjoys proximity to CSU, making it an ideal spot
for anyone seeking a convenient and vibrant lifestyle. Walkable to
amenities such as Lucile's, The Lincoln Center, Mulberry Pool and
all of the shopping, dining and entertainment that Old Town
provides. Residents will experience the true essence of Old Town
living in this location. Featuring 3 bedrooms and 2 bathrooms, this
cute 1953 ranch style home offers accommodation suitable for
various living arrangements. Whether you're looking to attract
tenants or envisioning a cozy family home or the opportunity of a
Primary Short-Term Rental in the basement bedrooms while you occupy
the main level, this property caters to a diverse range of needs.
Currently leased at $1400 with two tenants, this investment gem
presents an opportunity for future cash flow. However, it's worth
noting that the current lease is under market value, presenting the
perfect chance for savvy investors to maximize returns. With the
lease up for renewal on June 30th, there's room to adjust rental
rates to reflect the true value of this prime location. Step
outside into the fenced backyard with the patio offering space for
relaxing, room for your pets to roam and space for gardening. The
lawn sprinkler in both the front and backyards makes lawn care
easy. In the dynamic world of real estate investment, location is
key, and 408 W Olive Street ticks all the boxes. With its prime Old
Town location, spacious layout, and under rented lease, this
property presents an irresistible opportunity for investors seeking
to capitalize on the booming Fort Collins market. Don't miss out on
this chance to own a piece of Old Town charm while enjoying the
lucrative rewards it offers.
Unit Size
1,463Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$376
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
Listed By
Angie Spangler
RE/MAX Alliance-FTC Dwtn
Brian Lantis
RE/MAX Alliance-FTC Dwtn
Last updated: 11 days ago (REcolorado MLS #RECIR1006550)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 5, 2024 | Listed by RE/MAX Alliance-FTC Dwtn | $550,000 | |
Listed by RE/MAX Alliance-FTC Dwtn |
Property Highlights
Garage
Air Conditioning
Parking Details
Total Number of Parking: 1
Attached Garage
Garage Spaces: 1
Interior Details
Bathroom Information
Full Bathrooms: 1
Interior Information
Interior Features: Eat-in Kitchen, Radon Mitigation System
Appliances: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
Flooring Type: Vinyl, Wood
Basement Information
Basement: Full
Exterior Details
Property Information
Architectual Style: Contemporary, Cottage
Property Type: Residential
Property Sub Type: Single Family Residence
Year Built: 1953
Building Information
Levels: One
Structure Type: House
Building Area Total: 1463
Construction Methods: Wood Frame
Roof: Composition
Lot Information
Lot Features: Historical District, Level, Sprinklers In Front
Lot Size Acres: 0.1
Lot Size Square Feet: 4500
Land Information
Water Source: Public
Financial Details
Tax Year: 2023
Utilities Details
Cooling: Ceiling Fan(s), Central Air
Heating: Forced Air
Sewer : Public Sewer
Location Details
Directions: From College St/287 and Mulberry head west on Mulberry. Turn right on Meldrum St. Go 2 blocks and turn left on W Olive St. House is 2nd property on the right next to the Chamber of Commerce. **From College and Mountain go west on Mountain and turn left on Meldrum St. Go 2 blocks and turn right onto Olive St. House is 2nd property on the right next to the Chamber of Commerce.
County or Parish: Larimer
Other Details
Selling Agency Compensation: 3.00
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Condo
1
Bed
2
Baths
1,187 ft²
$501/ft²
$595,000
Nov 30, 2023
-
$749/mo
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