901 S Taft Hill Rd - Apartments FOR SALE


Fort Collins, CO 80521
$1,900,000 USD
303-328-2032
901 S Taft Hill Rd, Fort Collins, CO for Sale
$1,900,000 USD
Apartments - FOR SALE
1/15
null | 5.21% Cap Rate

901 S Taft Hill Rd
Fort Collins, CO 80521


HIGHLIGHTS

  • Prime CSU Location: Just 1.1 miles from Colorado State University and minutes from Downtown Fort Collins, ensuring consistent rental demand.
  • Value-Add Upside: Half of the units can be renovated, supporting rent growth from current $1,430 average to pro forma $1,611 and boosting NOI.
  • Attractive Returns: Offered at $1.9M with a 5.8% pro forma cap rate in a supply-constrained submarket that consistently outperforms state rent growth.

OVERVIEW

Marcus & Millichap is pleased to present 901 S Taft Hill Rd, an 8-unit multifamily property located in the thriving city of Fort Collins, Colorado. The property features a balanced unit mix of one- and two-bedroom apartments, catering to a wide range of renters including students, young professionals, and small families. Each unit offers spacious layouts and functional floor plans, with select units benefiting from recent updates and rental premiums. Half of the units have additional value-add opportunity for an investor. 901 S Taft Hill enjoys a strong location just minutes from Colorado State University, Downtown Fort Collins, and the vibrant retail and dining options along West Elizabeth Street. This central location provides residents with excellent access to major employers, public transportation, and recreational amenities such as Rolland Moore Park and the Spring Creek Trail. With Fort Collins consistently ranked among the top cities in Colorado for quality of life, job growth, and rent stability, 901 S Taft Hill represents a rare opportunity to acquire a low-maintenance, cash-flowing asset in a supply-constrained submarket. The property is ideally positioned for both long-term hold and value-add strategies, with potential upside through interior renovations and market rent increases.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,280 SF

ZONING

MMN

APN/PARCEL ID

97161-18-001

ASK ABOUT THIS PROPERTY

Spencer ShafferMarcus & MillichapMore Info
303-328-2032

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Spencer ShafferMarcus & MillichapMore Info
303-328-2032

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