408 W Olive Street
Fort Collins, CO 80521
- 3 beds
- 2 baths
- 1,463 sqft
- 4,500 sqft lot
- $375 per sqft
- 1953 build
- – on site
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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.
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Last updated Oct 2, 2024
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MLS# IR1006550 —
The Building
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Year Built:1953
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Direction Faces:South
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Architectural Style:Contemporary, Cottage
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Construction Materials:Wood Frame
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Structure Type:House
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Patio And Porch Features:Patio
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Window Features:Double Pane Windows
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Security Features:Smoke Detector(s)
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Roof:Composition
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Basement:true
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Levels:One
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Building Area Total:1463
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Building Area Source:Other
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Above Grade Finished Area:743
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Below Grade Finished Area:720
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Property Attached:false
Interior
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Interior Features:Eat-in Kitchen, Radon Mitigation System
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Flooring:Vinyl, Wood
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Laundry Features:In Unit
Room Dimensions
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Living Area:1463
Location
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Directions:From College St/287 and Mulberry head west on Mulberry. Turn right on Meldrum St. Go 2 blocks and turn left on W Olive St. House is 2nd property on the right next to the Chamber of Commerce. **From College and Mountain go west on Mountain and turn left on Meldrum St. Go 2 blocks and turn right onto Olive St. House is 2nd property on the right next to the Chamber of Commerce.
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Latitude:40.58452
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Longitude:-105.08312
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Parcel Number:R0040142
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Possible Use:Residential
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Zoning:NCB
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Lot Features:Historical District, Level, Sprinklers In Front
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Lot Size Acres:0.1
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Lot Size SqFt:4500
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Exclusions:All Tenant and Seller personal property.
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Fencing:Fenced
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Vegetation:Wooded
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Road Frontage Type:Public
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (970) 402-6430
- Office phone:
- (970) 482-1781
Taxes
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Tax Year:2023
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Tax Legal Description:LOT 4, SUB OF LOT 1, BLK 82, FTC
Beds
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Bedrooms Total:3
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Main Level Bedrooms:1
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Basement Level Bedrooms:2
Baths
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Total Baths:2
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Full Baths:1
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Three Quarter Baths:1
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Main Level Baths:1
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Basement Level Baths:1
The Listing
Heating & Cooling
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Heating:Forced Air
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Cooling:Ceiling Fan(s), Central Air
Utilities
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Utilities:Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
Schools
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Elementary School:Dunn
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Elementary School District:Poudre R-1
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Middle Or Junior School:Lincoln
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High School:Poudre
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High School District:Poudre R-1
The Community
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Subdivision Name:Old Town
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Association:false
Parking
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Parking Total:1
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Attached Garage:true
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Garage Spaces:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
