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1817 E Lincoln Ave

Fort Collins, CO 80524
  • $650,000
  • STATUS: Active
  • ON SITE: 779 Days
  • MLS #: 892677
UPDATED: 13 min ago
$650,000
  • 13
    BEDS
  • 1.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,000
    SQFT
  • $108
    $/SQFT
Neighborhood:
Na
Type:
Multi-Family
Built:
1910
County:

School Information

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

Description

OPPORTUNITY ZONE commercial/industrial property. Here is a great property to eliminate capital gains tax while enjoying a high rental return in a high traffic area of Fort Collins. Currently 6 rentals, two 2 bedroom houses, large garage and 4 mobile homes. The property has gross return of $4,660 monthly. Zoned Commercial, can change to Industrial. New sewer lines underground. Properties are grand-fathered. Op Zone allows deferral of current capital gain tax, and completely eliminate future gains

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© 2021 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 Jenn Porter Group. Data last updated: 2021-10-17T15:41:17.673.
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1817 E Lincoln Ave Fort Collins, CO 80524

  • Price: $650,000
  • Status: Active
  • Updated: 13 min ago
  • MLS #: 892677
13
Beds
0
Baths
0
½ Baths
1.03
Acres
6,000
SQFT
$108
$/SQFT
1910
Built
Neighborhood:
Na
County:
Larimer
Area:
09 Fort Collins area
Elementary School:
Other,Other
Middle School:
Other
High School:
Other
School District:
OTHER
Property Description
OPPORTUNITY ZONE commercial/industrial property. Here is a great property to eliminate capital gains tax while enjoying a high rental return in a high traffic area of Fort Collins. Currently 6 rentals, two 2 bedroom houses, large garage and 4 mobile homes. The property has gross return of $4,660 monthly. Zoned Commercial, can change to Industrial. New sewer lines underground. Properties are grand-fathered. Op Zone allows deferral of current capital gain tax, and completely eliminate future gains
Exterior Features

Architectural Style Ranch Construction Materials Wood/Frame Horse YN No Other Parking Parking Per Unit(2 Spaces/Unit) Property Attached YN No Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Basement None Heating Forced Air Heating YN Yes Living Area Source Other Unit1 Bedrooms 2 Unit1 Est Sq Ft 826 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 640 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 692 Unit3 Total Baths 1

Property Features

Association YN No Cap Rate 6.39 Electric ElectricXcel Gas Natural GasAtmos Gross Income 55081.2 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms Cash Locale Fort Collins Net Operating Income 41569.76 New Construction YN No Operating Expense 13511.44 Possible Use CommercialCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Commercial Sewer District Sewer Tax Annual Amount 1575.44 Tax Year 2019 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source District WaterElco Zoning Commercial

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Matt Ackerman of Resident Realty.



© 2021 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 Jenn Porter Group. Data last updated: 2021-10-17T15:41:17.673.
 
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