635 Stover Street
Fort Collins, CO 80524
- – beds
- – baths
- 892 sqft
- 9,236 sqft lot
- $896 per sqft
- 1950 build
- – on site
Have it your way with this incredible investment opportunity offering a 5.6% cap rate and flexible living or rental options. The south side unit is available (each unit is a mirror image) ideal for owner-occupancy or new tenancy-while the north side tenant can stay or vacate at the end of their lease in early May. The current lease allows for an increase in the rents to be discussed. Each side is a fully renovated 1 bed / 1 bath unit, remodeled down to the studs with over $400,000 invested since 2020. The exterior boasts new siding, doors, windows, and roof, along with covered front porches, private backyard patios with pergolas, professional landscaping, drip irrigation, planter boxes, fruit trees, storage sheds, and a shared paver patio complete with gas grill, firepit, and hammock posts. Inside, everything is new-plumbing, electrical, appliances, kitchens, and bathrooms-with real hardwood floors, on-demand tankless water heaters, spray-foam insulation, and efficient mini-split heating and cooling systems, bathrooms with heated flooring. Major utility upgrades include a new gas meter, sewer line, water lines to the home and backyard, and completely updated interior systems including active radon mitigation. Turn-key, high-quality duplex that offers lifestyle and investment returns all in one. Short-term rentals allowed if one side is occupied by the property owner for at least 9 months a year. Pre-inspected for your peace of mind.
Last checked:
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Last updated Apr 16, 2025
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MLS# IR1031214 —
This property is listed in more than one place. See it here.
Upcoming Open Houses
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Friday, 4/18
4pm-5:30pm -
Saturday, 4/19
1pm-2:30pm
The Building
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Year Built:1950
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Architectural Style:Contemporary
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Construction Materials:Frame
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Patio And Porch Features:Patio
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Window Features:Double Pane Windows, Window Coverings
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Security Features:Smoke Detector(s)
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Roof:Composition
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Basement:false
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Levels:One
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Building Area Total:892
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Building Area Source:Other
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Property Attached:true
Interior
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Interior Features:Eat-in Kitchen, No Stairs, Open Floorplan, Radon Mitigation System
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Flooring:Wood
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Laundry Features:In Unit
Location
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Latitude:40.578655
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Longitude:-105.066928
The Property
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:R0049476
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Possible Use:Multi-Family, Residential
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Zoning:NCM
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Lot Features:Level
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Lot Size Acres:0.21
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Lot Size SqFt:9236
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Exclusions:Tenant's and seller's personal property, staging items
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View:City
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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:Alley Paved, Paved
Listing Agent
- Contact info:
- Agent phone:
- (970) 691-2501
- Office phone:
- (970) 229-0700
Taxes
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Tax Year:2024
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Tax Annual Amount:3489
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Tax Legal Description:Beginning at a point 125 feet North of the Southeast Corner of Block 176 in the City of Fort Collins, County of Larimer, State of Colorado; thence West 142.5 feet; thence North 5 feet; thence West 47.5 feet; thence North 45 feet; thence East 190 feet to the East line of said Block; thence South 50 feet to the Point of Beginning, County of Larimer, State of Colorado
The Listing
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Virtual Tour URL Unbranded:https://www.wellcomemat.com/mls/1el52be3cb1a1m3he
Heating & Cooling
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Heating:Wall Furnace
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Cooling:Air Conditioning-Room
Utilities
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Utilities:Electricity Available, Natural Gas Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
Schools
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Elementary School:Laurel
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Elementary School District:Poudre R-1
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Middle Or Junior School:Lesher
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High School:Fort Collins
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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
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).
