Holly Hack
BEDS4
BATHS3 full
SQUARE FEET1,724
MLS#1061194
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONKenwood Heights
SCHOOLPoudre
Property Description
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.
Property Features
Property Type: Residential - Single Family
Basement: None, Crawl Space, Built-In Radon
Cooling: Central Air, Ceiling Fan(s)
Garage: 2 car attached
Heating: Forced Air
Home Style: Contemporary
Lot Size: 0.17 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $4,266
Year Built: 1951
Amenities
Separate Dining Room
Cathedral Ceiling(s)
Open Floorplan
Walk-In Closet(s)
Washer/Dryer Hookup
Skylights
6-Panel Doors
Sprinkler System
Oversized Garage
Feature Descriptions
Accessibility: Level Lot, Level Drive, Near Bus, Low Carpet, Interior Door Openings 32 plus, Main Floor Bath, Main Level Bedroom, Main Level Laundry
Appliances: Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal, Fire Alarm
Days on Site: 73
Door Features: French Doors
Electric: City of FTC
Exclusions: Seller and Tenant personal property
Exterior: Frame, Composition
Fencing: Fenced, Wood
Fireplace Features: Insert
Flooring: Wood
HOA Y/N: No
Lot Features: Evergreen Trees, Deciduous Trees, Level, Historic District, House Faces South, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley
Parcel Number: R0037834
Parking Features: Garage Door Opener, Attached
Patio And Porch: Patio, Enclosed
Road Frontage: City Street, Alley
Road Surface: Asphalt
Sewer: Public Sewer
Skylight: Yes
Special View Info: Hills
SQ FT Main: 1724
SQ FT Total: 1724
Utilities: Natural Gas Available, Electricity Available, Satellite Avail, High Speed Avail
Water: City
Window Features: Skylight(s)
Local Schools
High School: Poudre
Middle School: Lincoln
Elementary School: Dunn
School District: Poudre
Listed By / Shown By
Listed By
Agency Name: C3 Real Estate Solutions, LLC
Agency Contact: 9702255152
Shown By
Agent Name: Holly Hack
Agent Phone: (231) 409-0771
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 4,681.26 per month $4,111.38 Principal & Interest $355.50 Property Tax $214.38 Homeowner's InsuranceChange Payment Information
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1114 W Mulberry St | MLS# 1061194
This single family home located at 1114 W Mulberry St, Fort Collins, CO 80521 is currently listed for sale with an asking price of $735,000. This property was built in 1951 and has 4 bedrooms and 3 full baths with 1724 sq. ft. W Mulberry St is located in the Kenwood Heights subdivision within the Poudre school district. Search Kenwood Heights real estate on hollyhack.ikeyrealty.com today.