335 E Magnolia St

Fort Collins, CO 80524 View Map $515,000 Schedule a Tour
Beds3
Baths1
Sq.Ft.1,216
Year1900

Lydia's Home Team

(720) 740-2443

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Status: Active
Property Type:Single Family Residence
MLS #:IR976558
Sq. Feet:1,216
On Site:56 Days
Lot Size:0.22 Acres
County:Larimer
Investment opportunity! First, location: This property sits 2.5 blocks from Target, 3.5 blocks from Lucky's, and 5 blocks to Old Town, where you can walk to get coffee, drinks or dinner without needing to cross a major street. Transit and other nearby infrastructure make this location ideal for simple convenience.Next, opportunity: With the upcoming changes to the land use code (call for more info), this property, sitting in the NCM zoning district, will be allowed to be developed into a multi-family (up to a 6-Plex), or even simpler, can contain an ADU. That means this property is NOT relegated to a SFR investment, but has the potential to generate much more revenue.Lastly, immediacy: This property has been approved by the City to be developed into a 4-plex (several year process), so for the right investor, this work could begin immediately. Further, the plan may be modifiable to grow into a 5-plex.The house needs some work to become immediately rentable; please see the attached inspection report. But the value here is the location and opportunity. The new zoning codes in Fort Collins is a game changer, so for the right buyer this has the opportunity to become a fantastic investment.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:335 E Magnolia St Fort Collins, CO 80524
County:Larimer
Neighborhood:Old Town
Zip Code:80524

School Information

School District:Poudre R-1
High School:Poudre
Middle School:Lesher
Elementary School:Laurel

Architecture

Bedrooms: 3
Bathrooms: 1
Year Built:1900
Stories:1
Style:Cottage
Construction Materials: WoodFrame
Building Area: 1216.0
Architecture: Cottage
Roof: Composition
Basement: Partial

Features / Amenities

Appliances: Oven, Refrigerator, Self Cleaning Oven
Flooring: Tile
Patio And Porch: Deck
Window: Window Coverings
Heating: Forced Air
Total Rooms:7

Square Footage

Finished Sq. Ft.
Above Grade 1216
Below Grade 0
Total 1216

Rooms

LevelSizeDescription
Master BedroomMain9 X 16Wood
BedroomMain11 X 11Carpet
BedroomMain8 X 9Carpet
KitchenMain9 X 13Wood
LaundryMain3 X 6Tile
Living RoomMain11 X 17Carpet
Full BathMain

Property Features

Lot Size: 0.22 Acres
Vegetation: Wooded
Utilities: Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available
Sewer: Public Sewer
Water: Public
Road Frontage: PublicRoad
Road Surface: Alley Paved, Paved
Fencing: Partial
Zoning:NCM
Directions:North on College past Mulberry. East on Magnolia to property.

Tax and Financial Info

Tax Year: 2021
Tax Annual Amount: $2,607
Listing Terms: Cash, Conventional

Listing Office

Listing provided courtesy of Jordan Obermann.

Schools

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335 E Magnolia St Fort Collins, CO 80524
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335 E Magnolia St Fort Collins, CO 80524
 
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Listing Information Last Updated 12/4/2022
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