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811 E Prospect Rd
Fort Collins, CO 80525 Fort Collins

$1,150,000 USD

Apartments For Sale • 5,700 SF

Property Details

Property Type Apartments
Total Building Size 5,700 SF
Lot Size 0.31 AC
Building Class C
Year Built 1946
Zoning LMN

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Eight-unit value-add multifamily asset in central Fort Collins with a diversified studio / 1BR / 2BR unit mix
                            
                                34.5% loss-to-lease against achievable market rents, the central value-add thesis
                            
                                Two-building configuration on a 0.38-acre lot offers single-family-style entries, private outdoor space, and on-site parking
                            
                                All leases turn in August, allowing a new owner to implement their value-add strategy immediately
                            
                                Walkable to MAX BRT and the Mason Corridor with quick access to Old Town and Midtown employment nodes
                            
                                Renovation-driven rent growth: pro forma rents of $1,000 (studio), $1,175 (1BR), $1,475 (2BR) supported by submarket comps

Property Flyers

811 E Prospect Rd - OM

Major Tenants

Tenant	SF Occupied	Lease End Date
Stephen E Weber

Amenities

Laundry Facilities
Heating
Kitchen
Refrigerator
Range
Carpet

Andrew Stephens 720-496-8868 MODUS Real Estate

811 E Prospect Rd Fort Collins, CO 80525 Fort Collins