724 Smith St Fort Collins, CO 80524

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.