1114 W Mulberry Street, Fort Collins, CO 80521
Local realty services provided by:LUX Real Estate Company ERA Powered
Listed by: michael salza
Office: c3 real estate solutions, llc.
MLS#:IR1061194
Source:ML
Price summary
- Price:$735,000
- Price per sq. ft.:$426.33
About this home
1114 W. Mulberry presents an exceptional investment opportunity in the heart of Fort Collins with stable cash flow already in place. This spacious 4-bedroom, 3-bath home is currently leased at $3,800 per month through June 1, 2027, providing immediate and reliable income for the next owner. With an established lease in place, investors can step into ownership with confidence and avoid the uncertainty and expense of marketing an available property and securing new tenants. The functional main-level floor plan offers ample living space appealing to a wide range of tenants, including students, professionals, and those seeking convenient access to everything Fort Collins has to offer. Well-maintained and thoughtfully designed, the home combines comfort, practicality, and strong rental appeal. Generous living areas and a desirable layout contribute to the property's attractiveness within the local rental market. Ideally located near Colorado State University, Old Town Fort Collins, shopping, dining, parks, and major commuter routes, this property benefits from consistent demand in one of Northern Colorado's strongest rental markets. The central location supports appreciation potential and strong occupancy trends while offering convenient access to Fort Collins amenities. Offered at $735,000, the property generates gross rental income of $45,600 annually based on current lease terms. This represents an approximate gross rent multiplier (GRM) of 16.1 and a gross income yield of 6.2%, providing investors with clear performance metrics. The lease through June 2027 offers predictable income, reduced vacancy risk, and immediate cash flow from closing. Whether expanding an investment portfolio, completing a 1031 exchange, or seeking a turnkey income property in a high-demand location, 1114 W. Mulberry offers an attractive combination of immediate cash flow and long-term upside. Opportunities to acquire an income-producing property with established tenant in place are limited....
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Home facts
- Year built:1951
- Subdivision & Development:Kenwood Heights
- Listing ID #:IR1061194
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Tile, Wood
- Kitchen Description:Dishwasher, Disposal, Microwave, Oven, Refrigerator
- Basement:Yes
- Basement Description:Crawl Space
- Living area:1,724 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1951
- Building area:1,724 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Historical District, Level, Sprinklers In Front
- Architectural Style:Contemporary
- Construction Materials:Frame
- Exterior Features:Patio
- Levels:1 Story
Schools
- High school:Poudre
- Middle school:Lincoln
- Elementary school:Dunn
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$735,000
- Price per sq. ft.:$426.33
- Tax amount:$4,266 (2025)
Features and amenities
- Laundry features:Dryer, In Unit, Washer
- Amenities:Double Pane Windows, Skylight(s), Smoke Detector(s)
Parking
- Total parking spaces:2
- Parking description:Oversized
- Garage:Yes
- Garage spaces:2
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