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329 N Meldrum St

Fort Collins, CO 80521

14 beds
9 baths
– sqft
~1/2 acre lot
1900 build
– on site

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.

Listing courtesy of IRES

Last checked: Checking… • Last updated Apr 26, 2024 •

MLS# 1008169 —

The Building

Year Built:

1900
New Construction:

false
Construction Materials:

Wood/Frame
Architectural Style:

Ranch
Window Features:

Window Coverings
Stories:

1
Levels:

One
Patio And Porch Features:

Patio
Roof:

Composition
Basement:

None
Structure Type:

Legal Conforming
# of Units Total:

7
Total SqFt:

7500

Room Dimensions

Living Area Units:

Square Feet
Living Area Source:

Assessor

Location

Coordinates:

-105.08295, 40.5919
Latitude:

40.5919
Longitude:

-105.08295

The Property

Property Type:

Residential Income
Property Subtype:

Income Property
Parcel Number:

R0024490
Lot Features:

Curbs
Lot Size Acres:

0.39
Lot Size SqFt:

16900
Lot Size Area:

16900
Lot Size Units:

Square Feet
Zoning:

MULTIFAM
Possible Use:

Multi-Family
Horse:

false
Exterior Features:

Lighting
Water Source:

City Water, CITY
Waterfront:

false
Road Surface Type:

Paved

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

4823

Beds

Bedrooms Total:

14

Baths

Total Baths:

9

The Listing

Special Listing Conditions:

Licensed Owner
Buyer's Brokerage Compensation:

3.00

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Ceiling Fan(s)
Cooling:

true

Utilities

Utilities:

Natural Gas Available
Gas:

Natural Gas, XCEL
Electric:

Electric, CITY
Sewer:

City Sewer

Schools

Elementary School:

Putnam
Middle Or Junior School:

Lincoln
High School:

Poudre
High School District:

Poudre

The Community

Subdivision Name:

Old Town
Senior Community:

false
Spa:

false
Association:

false
HOA Transfer Fees:

No
HOA 2 Transfer Fee:

No

Parking

Other Parking:

Parking Per Unit(1.5 Spaces/Unit)

Extra Units

Bedrooms Unit 1:

1
Total Baths Unit 1:

1
Bedrooms Unit 2:

1
Total Baths Unit 2:

1
Bedrooms Unit 3:

3
Total Baths Unit 3:

1
Bedrooms Unit 4:

3
Total Baths Unit 4:

2
Bedrooms Unit 5:

3
Total Baths Unit 5:

2
Bedrooms Unit 6:

3
Total Baths Unit 6:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/26/24 Apr 26, 2024	Listed / Active	IRES	$1,795,000	111.2% (22.2% / YR)
4/25/19 Apr 25, 2019		IRES	$850,000

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This multifamily located in Martinez Park, Fort Collins, CO 80521 is currently for sale for $1,795,000. 329 N Meldrum St is a – square foot multifamily with 14 beds and 9 baths that has been on Estately for 11 days. 329 N Meldrum St is in the Martinez Park neighborhood of Fort Collins and has a WalkScore® of 76, making it very walkable. This multifamily is in the attendance area of Putnam Elementary School Of Science, Lincoln Middle School, and Poudre High School.

Listing Courtesy of: IRES

TERMS OF USE: 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

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.