$185,000

556 Cajetan Street, Fort Collins CO, 80524

Price per sqft$30.88

Lot size0.14 Acres

Property typeLand

Overview

Active

Listed Apr 4, 2025

Updated 13 days ago

Price SUBSTANTIALLY reduced! Attention Investors & Savvy Homebuilders! Here's an exceptional opportunity in Fort Collins: 556 Cajetan St is a prime corner lot with unmatched development potential in a high-demand locale. Positioned just steps from New Belgium Brewery and the Poudre Whitewater Park, this property is a strategic asset in one of the city's most vibrant neighborhoods. For investors, this lot is a dream come true: it's zoned under the CCN designation and, following a major amendment process, now permits development of up to four units. We're including fully completed architectural plans for a sophisticated three-unit build with a carriage-house design, all approved for a permit application. This turnkey aspect allows you to build in months, not years. For the homeowner-investor looking to house-hack, envision building your dream single-family home with an expansive yard while leveraging rental income from additional units to offset your mortgage payments. And the neighborhood's allowance for non-primary short-term rentals makes this property an even more attractive income generator. The seller has 10 years of experience owning short-term rentals in the neighborhood and estimates the gross income for all 3 units, rented full-time short-term, at around $275k per year. The total lot size is truly impressive: with Tract A adding 7,606 sq ft to a 5,990 sq ft buildable envelope, you're looking at over 13,000 sq ft of potential. That's plenty of yard space to create an outdoor oasis or maximize your buildable area. This is a rare, value-add opportunity in Fort Collins that combines immediate rental potential and strong investor fundamentals.

Additional information

MLS^® ID: IR1030284

Exterior Features

Lot Size: 0.14 Acres

Other Property Details

Taxes: $6,009
Tax Frequency: Annually
Association Fee Frequency: Monthly
View: Yes

Listed by Haagenson Investments, Erik Haagenson, Listing Contact: 3035326634

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