Fort Collins, CO 80521,408 W Olive ST
Fort Collins, CO 80521,408 W Olive ST
Fort Collins, CO 80521,408 W Olive ST
Fort Collins, CO 80521,408 W Olive ST
Fort Collins, CO 80521,408 W Olive ST
Fort Collins, CO 80521,408 W Olive ST
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$550,000

$550,000

Est.Price: ?

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Est. payment /mo

3 Beds

2 Baths

1,463 SqFt


SOLD DATE : 05/10/2024

Key Details

Sold Price $550,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,463 sqft

Price per Sqft $375

Subdivision Old Town

MLS Listing ID IR1006550

Sold Date 05/10/24

Style Contemporary,Cottage

Bedrooms 3

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Originating Board recolorado

Year Built 1953

Tax Year 2023

Lot Size 4,356 Sqft

Acres 0.1

Property Description

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.

Location

State CO

County Larimer

Zoning NCB

Rooms

Basement Full

Main Level Bedrooms 1

Interior

Interior Features Eat-in Kitchen, Radon Mitigation System

Heating Forced Air

Cooling Ceiling Fan(s), Central Air

Flooring Vinyl, Wood

Equipment Satellite Dish

Fireplace N

Appliance Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Garage Spaces 1.0

Fence Fenced

Utilities Available Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

Roof Type Composition

Total Parking Spaces 1

Garage Yes

Building

Lot Description Historical District, Level, Sprinklers In Front

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Wood Frame

Schools

Elementary Schools Dunn

Middle Schools Lincoln

High Schools Poudre

School District Poudre R-1

Others

Ownership Individual

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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REColorado (REColorado MLS)
Listed by RE/MAX Alliance-FTC Dwtn • 9704821781
Bought with Group Mulberry

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Matt Thomas

Consultant | Broker Associate | FA100030130

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