615-621 Remington St - Apartments FOR SALE


Fort Collins, CO 80524- Old Town Fort Collins
$2,850,000 USD
970-632-5050
615-621 Remington St, Fort Collins, CO for Sale
$2,850,000 USD
Apartments - FOR SALE
1/65
null | Request Cap Rate

615-621 Remington St
Fort Collins, CO 80524
Old Town Fort Collins


HIGHLIGHTS

  • 12,130 SF Total Building Area
  • 10 Units | Multi-Family
  • Two Parcel
  • 100% Leased
  • NOI: $145,485

OVERVIEW

Waypoint Real Estate is pleased to present 615–621 Remington Street, a 12,130 SF two-building multifamily portfolio situated on 0.37 acres within walking distance of Colorado State University and minutes from Old Town Fort Collins. The 10-unit, 100% occupied portfolio offers a unit mix of two studios (215 SF), five 3-bedroom/2-bathroom units (1,500 SF), and three 3-bedroom/1-bathroom units (1,400 SF), zoned OT-C within the Old Town corridor. Current in-place rents sit below market, presenting a clear mark-to-market opportunity through natural lease turnover, no renovation, or repositioning required. The property's proximity to CSU provides a consistent rental pool that underpins occupancy year over year, reducing vacancy risk and supporting steady NOI growth from day one. Presenting an opportunity to acquire a fully performing asset with embedded upside in one of Fort Collins' most supply-constrained rental corridors.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

10

PRICE/UNIT

$285,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

NCB

APN/PARCEL ID

97132-10-001,97132-10-002

ASK ABOUT THIS PROPERTY

David KatzWaypoint Real EstateMore Info
970-632-5050

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David KatzWaypoint Real EstateMore Info
970-632-5050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.