202 Peterson St 4 Unit Apartment Building $1,000,000 ($250,000/Unit) 5.24% Cap Rate Fort Collins, CO 80524

Unique 4-plex on in the heart of Historic Old Town Fort Collins, directly across the street from the Library and Library Park! Classic Dutch Colonial Revival 1.5 story. Each unit is a one bed/one bath unit with kitchen. Each has a separate entry and each has it's own unique style and character. Fully rented and rarely a vacancy. Offering lots of potential, this home sits on a hard-to-find double lot, zoned OT-B (old town medium density). Owned by the same family for decades and professionally managed for many years with regular in-person inspections to ensure minimal deferred maintenance. Utilities paid monthly by the management company and recovered in following year's rents. Each unit has different lease term date. Just a few blocks walk to all the amenities that Old Town offers and only one mile to CSU! Lots of possibilities for this rare property!