Richard Payne Jr

A truly unique Investment Opportunity in the heart of Downtown Fort Collins. Check this one out, as it offers great in place rents and a solid Cap Rate with the upside of additional future redevelopment potential on this 16,900 sqft Old Town corner lot! Property includes 7 total units - a Legal Triplex fronts the property on Meldrum and 4 separate Mobile Home units. These well located, affordable rental units are always fully leased! Down the road, join several other previous Downtown redevelopment projects that have had great success in an around this burgeoning area of Old Town! Buy as an investment that cash flows now, and make an income while planning your next project in this NCB zoning district. The chance to own over 1/3 acre of highly desirable Old Town dirt w/ income in such a close proximity to Restaurants, Shopping, Lee Martinez Park, & all that Old Town has to offer is a real rarity. Property is fully leased thru NEXT June/July (Unit Dependent) summer of 2024. Please feel free to reach out to the City of FTC for more information on the future redevelopment possibilities. Seller has a letter in hand from Planning & Zoning that allows the 4 mobile homes to be replaced and swapped out at any point in the future. So use your creativity, and either upgrade and swap out for more income, or replace with newer tiny houses, or do a total redevelopment?! So many options and so much potential here. Unfortunately, showings will not be possible on all units until time of Contract. Units are all in middle of the road "rental grade" condition. Trailer SQFT is added to total SQFT on the listing. Buyer to verify. Property is being sold in its current "As-Is Where-Is" condition. Sellers are licensed Real Estate Brokers in the State of Colorado, and will be completing a 1031 Tax Deferred Exchange.

*ACCEPTING BACK-UPS* Enjoy this beautifully maintained patio home in the established Ptarmigan Country Club/Jack Nicklaus championship designed golf course community at an affordable price @ The Woods at Ptarmigan. The ultimate in quality, custom detached patio homes. Features include 10 ft. ceilings, Andersen windows, Quartz kitchen countertops and stainless steel appliances w/full kitchen remodel. Luxury laminate flooring on main level along with newer carpet and paint through-out. Formal dining room and eat-in kitchen. Beautifully remodeled bathrooms. Full finished basement including enormous family room, wet bar/kitchenette, bedroom and 3/4 bathroom. New Roof and gutters. Brick and Stucco exterior. Centrally located w/easy I-25 access. This is the perfect Patio home for the most discriminating Buyer! Most private unit/location within the complex. Seize the opportunity to immerse yourself in this upscale lifestyle, complemented by the convenience of being within walking distance to the clubhouse, pool, pickleball and tennis courts. Your dream home awaits in the heart of the Ptarmigan Golf Course Community!

Welcome to 1342 Havana St! Step inside to discover the inviting fireplace and open floorplan, where natural light flows in highlighting the warm Luxury Vinyl Plank (LVP) flooring throughout. The seamless flow of the open-concept layout effortlessly accommodates gatherings, from cozy moments in the living room to memorable meals in the dining area. The stunning kitchen boasts sleek Quartz countertops, stainless steel appliances, and chic white shaker cabinetry, embodying the modern farmhouse aesthetic with both style and functionality. Retreat to the spacious bedrooms, each designed for comfort and tranquility, while the luxurious bathroom offers a spa-like ambiance with tasteful fixtures and tile accents. Outside, the sizable backyard and ample garage space await, perfect for al fresco dining, gardening, or enjoying the Colorado sunshine. Conveniently situated near shops, restaurants, parks, and schools, this home epitomizes the quintessential Aurora lifestyle, offering easy access to city amenities. Don't miss out on the opportunity to own this modern farmhouse gem-schedule your showing today and envision the endless possibilities awaiting in this charming retreat!

Richard Payne Jr

About Richard Payne Jr

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Recent property sales & transaction history

3 properties

Aurora

Other

$700,000 to $1,400,000

700 ft² to 800 ft²

Properties for sale by listing agent Richard Payne Jr

$1,750,000

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Richard Payne Jr

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