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Justin Morgan

justin@gratitudehomesgroup.com +1(720) 893-2278

$735,000

Est. payment - /mo

4 Beds

3 Baths

1,724 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,724 sqft

Price per Sqft $426

Subdivision Kenwood Heights

MLS Listing ID IR1061194

Style Contemporary

Bedrooms 4

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 1,724

Year Built 1951

Annual Tax Amount $4,266

Tax Year 2025

Lot Size 7,365 Sqft

Acres 0.17

Property Sub-Type Single Family Residence

Source recolorado

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.

Location

State CO

County Larimer

Zoning NCL

Rooms

Basement Crawl Space, None

Main Level Bedrooms 4

Interior

Interior Features Open Floorplan, Radon Mitigation System, Vaulted Ceiling(s), Walk-In Closet(s)

Cooling Ceiling Fan(s), Central Air

Flooring Tile, Wood

Fireplaces Type Insert

Equipment Satellite Dish

Fireplace N

Appliance Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Oversized

Garage Spaces 2.0

Fence Fenced

Utilities Available Electricity Available, Internet Access (Wired), Natural Gas Available

View Mountain(s)

Roof Type Composition

Total Parking Spaces 2

Garage Yes

Building

Lot Description Historical District, Level, Sprinklers In Front

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Frame

Schools

Elementary Schools Dunn

Middle Schools Lincoln

High Schools Poudre

School District Poudre R-1

Others

Ownership Individual

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by C3 Real Estate Solutions, LLC

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Justin Morgan

+1(720) 893-2278

Agent

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1114 W Mulberry ST Fort Collins, CO 80521

Justin Morgan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1114 W Mulberry ST