7 months on rocket

329 N Meldrum St, Fort Collins, CO, 80521

$1,750,000

Home List Price

$10,000*

Closing Credit

14 Bedrooms
9 Baths
House

Location

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329 N Meldrum St, Fort Collins$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Year Built1900
HeatingForced Air
CoolingCeiling Fan(s)
MLS #1008169
Lot Size0.39 Acres
StatusActive

About 329 N Meldrum St

A truly unique Investment Opportunity in the heart of Downtown Fort Collins. Check this one out, as it offers great in place rents and a solid Cap Rate with the upside of additional future redevelopment potential on this 16,900 sqft Old Town corner lot! Property includes 7 total units - a Legal Triplex fronts the property on Meldrum and 4 separate Mobile Home units. These well located, affordable rental units are always fully leased! Down the road, join several other previous Downtown redevelopment projects that have had great success in an around this burgeoning area of Old Town! Buy as an investment that cash flows now, and make an income while planning your next project in this NCB zoning district. The chance to own over 1/3 acre of highly desirable Old Town dirt w/ income in such a close proximity to Restaurants, Shopping, Lee Martinez Park, & all that Old Town has to offer is a real rarity. Property is fully leased thru NEXT June/July (Unit Dependent) summer of 2024. Please feel free to reach out to the City of FTC for more information on the future redevelopment possibilities. Seller has a letter in hand from Planning & Zoning that allows the 4 mobile homes to be replaced and swapped out at any point in the future. So use your creativity, and either upgrade and swap out for more income, or replace with newer tiny houses, or do a total redevelopment?! So many options and so much potential here. Unfortunately, showings will not be possible on all units until time of Contract. Units are all in middle of the road "rental grade" condition. Trailer SQFT is added to total SQFT on the listing. Buyer to verify. Property is being sold in its current "As-Is Where-Is" condition. Sellers are licensed Real Estate Brokers in the State of Colorado, and will be completing a 1031 Tax Deferred Exchange.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1900
  • Stories: 1

Listing Office:

  • Office Name: Fort Collins Real Estate, LLC
  • Office Phone: (970) 224-1411
  • Listing Agent: Richard Payne Jr

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 14

Exterior Features

Exterior Information:

  • Exterior: Lighting

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk, Corner Lot
  • Lot Size: 0.39 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Ceiling Fan(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000
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Housing Market Comparison

See how this home compares to others in Fort Collins, CO.

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Fort Collins, CO

City

Med. Sold Price

$554.9K

Med. Price/SqFt

$295

Avg. Days On Market

47

# of Sold Homes

204

329 N Meldrum St vs Fort Collins

210 DAYS ON ROCKET

+163 Days

$1,750,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Fort Collins, CO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: IRES MLS
  • MLS Number: #1008169

Listing Office:

  • Office Name: Fort Collins Real Estate, LLC
  • Office Phone: (970) 224-1411
  • Listing Agent: Richard Payne Jr

IDXInformation source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. Copyright © 2024 IRES. Information deemed reliable but not guaranteed by the MLS.

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.

Broker Reciprocity is the current compilation of active listings of all Broker Reciprocity subscribers except those listings where the seller or the seller’s agency has opted out of Internet publication by so indicating on the listing contract or by written notice to the Multiple Listing Service. Real estate listings held by other brokerage firms are included in this site and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 25, 2019Home Sold
$850,000

History based on county public records data.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-889839
8
/10

  • Dunn Elementary School

  • 501 S Washington Ave

  • 0.91 miles

  • Public District Grades KG-5

school-card-donut-889840
6
/10

  • Putnam Elementary School of Science

  • 1400 Maple St

  • 0.99 miles

  • Public District Grades PK-5

school-card-donut-889841
6
/10

  • Harris Bilingual Elementary School

  • 501 E Elizabeth St

  • 1.42 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,389. Residents of Fort Collins, CO typically earn less than $35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 329 N Meldrum St

What is the listing price of this property?

The listing price of 329 N Meldrum St property is $1,750,000.

What type of property is this?

The property 329 N Meldrum St is a house located in Fort Collins, Colorado, 80521.

Is this property for sale now?

Active Listing: 329 N Meldrum St is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on April 25, 2019 for $850,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 329 N Meldrum St has 14 bedrooms and 9 bathrooms.

Which year was this property built?

The year of construction for 329 N Meldrum St is 1900.

Rocket Homes›Colorado›Larimer County›Fort Collins›80521›329 N Meldrum St

This home is located at 329 N Meldrum St in Fort Collins, CO and zip code 80521 in the Martinez Park neighborhood. This home, which was built in 1900, sits on a 0.39 acre lot. Features: 14 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $1,750,000.

In October 2024, from all listings sold in Fort Collins, CO there were more than 28 sold above asking price, over 116 sold below and more than 60 were sold right at the asked price. The number of listings in Fort Collins, CO increased by 8.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 47 days, the median list price was $554,946.

From Rocket Homes Real Estate and based on county public records data.

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