Are you in search of an investment opportunity in the heart of Old Town? Look no further than 408 W Olive Street. This well-maintained property boasts not only a desirable location but also incredible potential for returns. Situated in the sought after Old Town West, this property also enjoys proximity to CSU, making it an ideal spot for anyone seeking a convenient and vibrant lifestyle. Walkable to amenities such as Lucile's, The Lincoln Center, Mulberry Pool and all of the shopping, dining and entertainment that Old Town provides. Residents will experience the true essence of Old Town living in this location. Featuring 3 bedrooms and 2 bathrooms, this cute 1953 ranch style home offers accommodation suitable for various living arrangements. Whether you're looking to attract tenants or envisioning a cozy family home or the opportunity of a Primary Short-Term Rental in the basement bedrooms while you occupy the main level, this property caters to a diverse range of needs. Currently leased at $1400 with two tenants, this investment gem presents an opportunity for future cash flow. However, it's worth noting that the current lease is under market value, presenting the perfect chance for savvy investors to maximize returns. With the lease up for renewal on June 30th, there's room to adjust rental rates to reflect the true value of this prime location. Step outside into the fenced backyard with the patio offering space for relaxing, room for your pets to roam and space for gardening. The lawn sprinkler in both the front and backyards makes lawn care easy. In the dynamic world of real estate investment, location is key, and 408 W Olive Street ticks all the boxes. With its prime Old Town location, spacious layout, and under rented lease, this property presents an irresistible opportunity for investors seeking to capitalize on the booming Fort Collins market. Don't miss out on this chance to own a piece of Old Town charm while enjoying the lucrative rewards it offers.
Lot FeaturesCurbs, Gutters, Sidewalks, Lawn Sprinkler System, Level, Historic District, Within City Limits
Garage spaces1
CITYFort Collins
SUBDIVISIONOld Town
COUNTYLarimer
AREAFort Collins
STATECO
SENIOR COMMUNITYNo
TAX AMOUNT3379.3
LATEST UPDATE2024-05-15T18:58:46.936Z
DAYS ON MARKET36
PRICE CHANGE(S)
$550,000 Apr 5, 2024
CUMULATIVE DAYS ON MARKET36
Market Trends
New Properties On Market
36
3%
Increase In New Listings
Average Asking Price
$804,718
$7,650 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$399
$28 Increase In List Price/Sq. Ft.
Average Days On Market
20
11 Day
Decrease In Days On Market
Data as of May 17, 2024.
Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
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