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1343 Cherry St

Fort Collins, CO 80521
  • $2,400,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 1031787
UPDATED: 120 min ago
$2,400,000
  • 16
    BEDS
  • 0.41
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 6,864
    SQFT
  • $350
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1994
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Excellent investment opportunity just 5 minutes from Old Town and CSU! Two 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) on both buildings.

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© 2025 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2025-05-16T23:41:38.057.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/162841485
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1343 Cherry St Fort Collins, CO 80521

  • Price: $2,400,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 120 min ago
  • MLS #: 1031787
16
Beds
8
Baths
0
½ Baths
0.41
Acres
6,864
SQFT
$350
$/SQFT
1994
Built
Neighborhood:
Tennyson Heights
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Putnam
Middle School:
Lincoln
High School:
Poudre
School District:
Poudre
Property Description
Excellent investment opportunity just 5 minutes from Old Town and CSU! Two 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) on both buildings.
Exterior Features

Construction Materials Wood/Frame Exterior Features Balcony Fencing FencedWood Horse YN No Levels Two Lot Features CurbsGuttersSidewalksCorner Lot Other Parking Parking Per Unit(2 Spaces/Unit) Patio And Porch Features Patio Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryer Basement NoneCrawl Space Cooling Ceiling Fan(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Baseboard Heating YN Yes Interior Features Eat-in KitchenOpen Floorplan Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 6.24 Ditches Active YN No Electric ElectricCity of Fort Co Exclusions Sellers personal property Gross Income 167160 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Fort Collins Net Operating Income 149785 New Construction YN No Number Of2 Bedroom Units 8 Operating Expense 17375 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 11700 Tax Year 2024 Tenant Pays DepositElectricityWaterSewerTrash Collection Unit1 Rent 1700 Unit2 Rent 1725 Unit3 Rent 1600 Unit4 Rent 1695 Utilities Electricity Available Water Source City WaterCity of Fort Collins Zoning LMN

Listing information © 2025 Information and Real Estate Services
Listing provided courtesy of Emily Mack of Helix Properties, LLC: 9092382299.



© 2025 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2025-05-16T23:41:38.057.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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