615 - 621 Remington St | Fort Collins
Multifamily | 10 Units | 100% Leased
Marketing description
Waypoint Real Estate is pleased to present 615–621 Remington Street, a 12,130 SF two-building multifamily portfolio situated on 0.37 acres within walking distance of Colorado State University and minutes from Old Town Fort Collins. The 10-unit, 100% occupied portfolio offers a unit mix of two studios (215 SF), five 3-bedroom/2-bathroom units (1,500 SF), and three 3-bedroom/1-bathroom units (1,400 SF), zoned OT-C within the Old Town corridor.
Current in-place rents sit below market, presenting a clear mark-to-market opportunity through natural lease turnover, no renovation, or repositioning required. The property's proximity to CSU provides a consistent rental pool that underpins occupancy year over year, reducing vacancy risk and supporting steady NOI growth from day one.
Presenting an opportunity to acquire a fully performing asset with embedded upside in one of Fort Collins' most supply-constrained rental corridors.
Investment highlights
NVESTMENT OVERVIEW
Sale Price $2,850,0000
Acres 0.37
Zoned Old Town - C
Total Building SF 12,130
Leased 100%
NOI $147,190.07
Strategic Location Fort Collins’ Old Town District, close to CSU
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