4500 Stover Street

Description

Rare and exceptional investment opportunity in the heart of Fort Collins! This fully occupied, turnkey 4-plex offers reliable rental income in one of the city's most desirable and convenient locations. Situated on a quiet dead-end street with direct access to Landings Park and trails, this property combines walkable urban living with a peaceful neighborhood feel. Each of the four spacious 2-bedroom, 1-bath units has been remodeled and updated, featuring modern finishes and inviting living spaces that attract long-term tenants. The building has been well maintained with a newer boiler, fresh exterior paint, and a roof approximately 10 years old-ensuring low maintenance and dependable cash flow for years to come. Tenants enjoy ample on-site parking and easy access to major commuting routes as well as the popular Midtown corridor, offering shops, restaurants, breweries, and entertainment all within walking distance. Outdoor enthusiasts will love being minutes from Spring Creek Trail, Edora Park, and local open spaces, perfect for biking, walking, and connecting to the larger Fort Collins trail system. The current owners have intentionally maintained below-market rents, with comparable units in the area achieving $1,500-$1,600 per month, indicating a strong value-add opportunity with projected gross annual income of approximately $75,000. Whether you're a seasoned investor or looking to expand your portfolio, this turnkey multi-family property is a rare find in a thriving rental market. Strong rental history, desirable location, and solid updates make this an incredible opportunity in Fort Collins!