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556 Cajetan ST Fort Collins, CO 80524
6,098 Sqft Lot
UPDATED:
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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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Haagenson Investments • 3035326634