1343 Cherry Street Unit

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Sold Fort Collins, CO 80521 MLS# 4703066 Sold by Christina Duskis on 12/09/2019
$830,000
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Multi-Family Property Type
8 Bedroom
4 Bathroom
0 Garage
3432.00 Sq Ft
0.20 Acres
1994 Year Built

Overview

Low maintenance 4-plex, fully leased, no HOA, with excellent annual income. 5 min. to Old Town and CSU!Each unit has 2 bedrooms, 1 bath, storage closet, own washer/dryer, hot water heater, fenced back yard or balcony, parking in front of the unit.Brand new roof (June), newly painted exterior, new flooring, new backyard fences.Fully rented through July 28, 2020 at $5385/month. Never had any vacancies. Please do not disturb tenants. The 4-plex adjacent to this one 1349 Cherry st is also for sale.

New Home Sales Hours

Courtesy Of Great Way Real Estate Properties LLC
Source: REcolorado

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Exterior Maintenance,Grounds Care,Insurance,Taxes,Trash Collection,Water
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 3,432
    • Living Area, Finished 3,432
    • Above grade, Finished 3,432
    • Basement, Finished 0
    • Basement, Unfinished 0
    • PSF Total $241.84
    • PSF Finished $241.84
    • PSF Above Grade $241.84
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features Accessible Approach with Ramp
    • Appliances Dishwasher,Disposal,Dryer,Electric Water Heater,Oven,Range Hood,Refrigerator,Self Cleaning Oven,Washer,Washer/Dryer
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions None
    • Flooring Carpet,Laminate,Vinyl
    • Furnished
    • Interior Features Eat-in Kitchen,Smoke Free
    • Laundry Availability
    • Security Features Fire Alarm,Smoke Detector(s)
    • Spa Features
    • Window Features Double Pane Windows

    Room Details

    Bathroom Details Total Bathrooms: 4
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 8
    More Room Details

    Unit Information

    Summary

    • Number of Units 4
    • Number of Units Furnished 0
    • Number of Units Vacant 0
    • Unit Features
    Single Unit Details
    • Unit Type 2 Bedroom
    • Total Units 4
    • Average Rent 1350.00
    • Average SqFt 855.00
    • Dishwashers 1
    • Washers 1
    • Dryers 1
    • Hookups
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces 0
    • Storage Units 1
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit 1
    • Parking Per Unit 2

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Exterior Access
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Multi/Split
    • Stories
    • Structure Type Quadruplex
    • Unit Floor #
    • View Mountain(s)
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Traditional
    • Construction Materials Frame,Vinyl Siding
    • Foundation Details Slab
    • Roof Composition
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Balcony,Private Yard
    • Fencing Full
    • Number of Docks
    • Number of Doors
    • Number of Storage Units 4
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Covered,Deck
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Landscaped,Near Public Transit
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.20
    • Lot Size Dimensions
    • Lot Size SqFt 8,930
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $4,150,000
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility
    • Road Surface Paved

    Parking/Garage

    Parking Space Summary

    Parking Features
    Parking Lot

    • Total Parking Spaces 16
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 16
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Air Conditioning-Room
    • Green Energy Efficient
    • Heating Baseboard,Electric
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service 110V
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • Water Source
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed Long Term,Short Term Lease
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 6.62
    • Cap Rate Calculation
    Actual expense details
    • Annual Expenses Benefits
    • Annual Water Expense $
    • Association Fee Annual Expense $
    • Cable TV Expense $
    • CAM Fees $
    • Electric Expense $
    • Gas Expense $
    • Insurance Expense $
    • Internet Annual Expense $
    • Maintenance Expense $
    • Operating Expense $8,331
    • Operating Expense Includes Benefits,Cable TV,Fuel,Insurance,Internet,Professional Management,Real Estate Tax,Staff,Utilities,Workmans Compensation
    • Other Expense
    • Payroll Annual Expense $
    • Personal Property Annual Expense $
    • Phone Annual Expense $
    • Professional Management Expense $
    • Real Estate Taxes $
    • Workmans Compensation Expense
    Income details
    • Actual Annual Net Income $56,289
    • Gross Income $64,620
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $0
    • Potential Rental Income Annual $64,620
    • Projected Annual Expense $8,331
    • Projected Annual Net Income $56,289
    • Projected Gross Income $64,620
    • Projected Gross Operating Income $64,620
    • Vacancy Credit Losses 0
    Tax details
    • Annual Tax $3,475
    • Legal Description PT LOT 12 TENNYSON HTS, FTC, DESC: BEG AT PT ON E LN SD LOT WH BEARS S 30 FT FROM THE NE COR SD LOT, TH W 94.5 FT, S 95.3 FT, E 94.5 FT, N 95.3 FT TPOB
    • Tax Exemptions
    • Tax ID R0016276
    • Tax Year 2018
    Other
    • Tenant Pays Cable TV,Electricity,Internet,Telephone
    • Utilities Metering Separate Electric
    • Utilities Paid By Tenant Direct Billing from Utility,Included in Rent

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Fort Collins
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent Use GPS for 1343 Cherry street, Fort Collins
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use
    • Incorporated? No
    • Zoning LMN
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $845,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership Individual
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1994

    Mortgage Calculator

    School Zone

    District: Poudre R-1
    Schools: Putnam Elementary School, Poudre High School, Lincoln Middle School

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
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