Homes for sale - 556 Cajetan ST, Fort Collins, CO 80524

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Bill Watson

bill@watsonrg.com +1(303) 842-0836

$375,000

Est. payment - /mo

6,098 Sqft Lot

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Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Active

Purchase Type For Sale

Subdivision Old Town North 4Th Fil

MLS Listing ID IR1030284

Condo Fees $110

HOA Fees $110/mo

HOA Y/N Yes

Originating Board recolorado

Annual Tax Amount $6,425

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Improved Land

Property Description

Attention Investors & Savvy Homebuilders! Here's an exceptional opportunity in Fort Collins - 556 Cajetan St is a prime corner lot that offers unmatched development potential in a high-demand locale. Positioned just steps from New Belgium Brewery and the Poudre Whitewater Park, this property is a strategic asset in one of the city's most vibrant neighborhoods. For investors, this lot is a dream come true: it's zoned under the CCN designation and, following a major amendment process, now permits development of up to four units. We're including fully completed architectural plans for a sophisticated three-unit build with a carriage house design, all approved for permit application. This turnkey aspect allows you to build in months, not years. For the homeowner investor looking to house hack, envision building your dream single-family home with an expansive yard while leveraging rental income from additional units to offset your mortgage. And the neighborhood's allowance for non-primary short-term rentals makes this property an even more attractive income generator. The seller has 10 years experience owning short term rentals in the neighborhood and estimates gross income for all 3 units being rented full-time short-term around $275k per year. The total lot size is truly impressive: with Tract A adding 7,606 sq ft to a 5,990 sq ft buildable envelope, you're looking at over 13,000 sq ft of potential. That's plenty of yard space to create an outdoor oasis or maximize your buildable area. This is a rare, value-add opportunity in Fort Collins that combines immediate rental potential and strong investor fundamentals.

Location

State CO

County Larimer

Zoning CCN

Interior

Fireplace N

Exterior

Utilities Available Natural Gas Available

View Mountain(s)

Building

Water Public

Schools

Elementary Schools Putnam

Middle Schools Other

High Schools Poudre

School District Poudre R-1

Others

Ownership Individual

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Listed by Haagenson Investments • 3035326634

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(303) 842-0836

bill@watsonrg.com

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556 Cajetan ST Fort Collins, CO 80524