120 Peterson Street

Earning a 5% cap rate, this well-established four-plex with excellent rental history is located in a prime old town/downtown Fort Collins location. The property consists of four 1 bed/1 bath units. Three units will be available by July 31 - new leases can be put in place by the new owner and there is the potential for very high rents. This coveted location is only one block from Old Town Square and one block from the library. The extremely well maintained property has a newer boiler for heating (hot water radiators), updated electrical, updated plumbing, and all have remodeled kitchens and baths. The sellers will install a new roof before closing. In addition to good mechanicals there are charming features like exposed brick, arched doorways and hardwood floors. Tenants share the clothes washer/dryer in the basement and the detached garage and shed provide shared storage. Sellers are participating in a 1031 exchange and the sale will be contingent upon finding a replacement property. Buyers to verify all information.

Listing Office: Porch Life Properties