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615-621 Remington St 10 Unit Apartment Building $2,850,000 ($285,000/Unit) Fort Collins, CO 80524
Investment Highlights
- 12,130 SF Total Building Area
- Two Parcel
- NOI: $145,485
- 10 Units | Multi-Family
- 100% Leased
Executive Summary
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.
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.
Property Facts
| Price | $2,850,000 | Building Class | C |
| Price Per Unit | $285,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 9,760 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1902/2010 |
| Property Subtype | Apartment | Parking Ratio | 0.51/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | NCB - Residential | ||
| Price | $2,850,000 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,760 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1902/2010 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | NCB - Residential |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Heating
- Refrigerator
- Deck
- Porch
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 215 |
| 3+1 | 3 | - | 1,400 |
| 3+2 | 5 | - | 1,500 |
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Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $136,875 | |
| Land Assessment | $25,000 | Total Assessment | $161,875 |
Property Taxes
Parcel Numbers
Land Assessment
$25,000
Improvements Assessment
$136,875
Total Assessment
$161,875
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