705 Hwy 287
2-Unit Multifamily Property for Sale - Fort Collins
Marketing description
705 Hwy 287:
Residential Building | 832 SF
Residential/Office Building | 656 SF
Residential Building: New carpet, paint, and gas furnace. Near-new washing machine & dryer, electric range,
diswasher, refrigerator, microwave oven. Attached 16' x 9.5' screened porch. Two storage
buildings. Fenced yard with pet area. Lots of parking.
Residential/Office Building: New carpet. Refrigerator, electric range, microwave oven, laundry room, attached storage
building. Fenced storage yard, ideal for equipment, materials, RV units, trailers, boats, etc.
Investment highlights
-Two-unit income property generating $2,800/month ($33,600/year) in gross rental income with both units currently leased
-Commercial Corridor zoning provides long-term flexibility for owner-user conversion, redevelopment, or continued residential/office use
-Diverse unit mix — 832 SF 2BR residential cottage + 656 SF residential/office unit, appealing to a broad tenant pool including individuals, small businesses, and remote workers
-Recently updated — new carpet, paint, furnace, and near-new appliances in both units; minimal near-term capex expected
-Fenced outdoor storage yard on the office unit — a rare and in-demand amenity for contractor, trades, or equipment-based tenants
-HWY 287 frontage with high visibility and easy access; located at the northern gateway to Fort Collins with strong commuter traffic
-Ample parking and two additional storage buildings included
-Priced at $550,000 — 6.1% GRM on gross rents; value-add potential through lease-up optimization and commercial repositioning over time
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
