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Listed by The Mullenberg Team and Chris Mullenberg of eXp Realty - Northern CO (970-889-0371)
Rare find! Fully legal tri-plex just 3 blocks from CSU and Old Town. Owning real estate in this location will never do you wrong! Always rented, never vacant. Charming home with classic Old Town character. Main unit has 3 bed/1 bath plus a bonus room for office or 4th bed. Upper unit is 1 bed/1bath with fresh updates. Basement unit is 1 bed/1 bath. Off-street parking for all units in the back w/ alley access. Large double lot (.22 acre) gives plenty of room to build a carriage house, garage/shop, etc. Buyer to verify all info with the City. Zoning is NCM. City recognizes this as a fully legal and conforming tri-plex, while many multi-units in FtCo are non-conforming. You won't have any future headaches as the City increases their regulation on multi-units. Gross rents are (Unit 1 = $2,250), (Unit 2 = $1,375), (Unit 3 = $1,345) for total of $4,970/mo. At $59,640/yr gross you have a 5.7 CAP. All units are currently leased through July 31st, 2023. SHOWINGS ONLY Sat 3/11 (1-4pm) and Wed 3/15 (1-4pm). You must schedule via ShowingTime to view.

Property Details of 724 Smith Street

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Information source: Information and Real Estate Services, LLC (IRES). Provided for limited non-commercial use only under IRES Rules. © Copyright IRES. Data last updated on March 28, 2023 11:49 PM EDT . All data is obtained from various sources and has not been, and will not be, verified by broker or IRES.   Listing 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 deemed reliable but not guaranteed by the MLS.

 
 

 

 

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