Mike Smith
BEDS0
BATHS
SQUARE FEET12,130
MLS#1055585
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFtc
SCHOOLPoudre
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Ceiling Fan(s)
Heating: Forced Air
Lot Size: 0.21 Acres
Roof Type: Composition
Taxes: $16,131
Year Built: 1904
Feature Descriptions
Appliances: No Units Furnished
Days on Site: 142
Exterior: Brick
HOA Y/N: No
Parcel Number: R0053341
SQ FT Total: 12130
Tenant Pays: Gas, Electricity
Units: 10
Utilities: Natural Gas Available
Water: City
Local Schools
High School: Poudre
Middle School: Blevins
Elementary School: Laurel
School District: Poudre
Listed By / Shown By
Listed By
Agency Name: Waypoint Real Estate
Agency Contact: 9706325050
Shown By
Agent Name: Mike Smith
Agent Phone: (586) 382-3167
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 18,117.59 per month $15,942.09 Principal & Interest $1,344.25 Property Tax $831.25 Homeowner's InsuranceChange Payment Information
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615 Remington St | MLS# 1055585
This multi-family property located at 615 Remington St, Fort Collins, CO 80524 is currently listed for sale with an asking price of $2,850,000. Remington St is located within the Poudre school district. Search Fort Collins real estate on mikesmith.ikeyrealty.com today.