Property

Fort Collins, CO 80525 1012 Driftwood Drive

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Presented By: Group Harmony;
  • REColorado (MTOMLS) - 6 - CO
  • MLS# IR1034916
  • 05/23/2025
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Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
  • SQFT • 4,500

Home Details

Incredible 4-plex Investment opportunity with great up-side potential! In the heart of the highly desirable Fort Collins community. Amazing location, adjacent to Warren Park, Warren Lake, lots of close amenities. 4 units total, Two - 2 bed/2bath, One, 2bed/1bath, and a 1bed/1bath with unfished basement ready to add value and increase rents! Property is professionally managed with great history. Open, bright, inviting layouts, lots of natural light, desirable floor plans, loft setups about 4,500 total sqft. Convenient outside entrances on the main level to the beautiful Colorado setting. Established welcoming community, mature trees, trails, quiet, & peaceful. Lower maintenance income property, on .28 acre! Great street appeal, perfect yard off the nice walkout decks. Inviting patios expands into the yard, great for entertaining, playing or just relaxing. Spacious family room w/ open dining & kitchen area great for entertaining. Plenty of on-site parking. Come retreat to one of the primary suites, featuring nice layouts, vaulted ceilings, and more, lots of potential and opportunity. Basements with lots of potential/options, w/lots of storage & room to expand. Easy access to the foothills, plains, lots of parks, trails, reservoirs, Fort Collins, I-25, shopping, services, & all Northern Colorado. This amazing 4plex, great rental history, with beautiful curb appeal and character, doesn't come available often, this is a must see! Don't miss the opportunity to make this stunning income property yours.
Presented By: Group Harmony;

Interior Features for 1012 Driftwood Drive

Bedrooms

Main Level Bedrooms

Other Interior Features

BasementFull, Unfinished
Basement (Y/N)Yes
Interior AmenitiesEat-in Kitchen, Open Floorplan, Smart Thermostat, Vaulted Ceiling(s)
Laundry FeaturesIn Unit
Window FeaturesDouble Pane Windows, Window Coverings

General for 1012 Driftwood Drive

AppliancesDishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
Architectural StyleContemporary
Assoc Fee Paid PerMonthly
Association AmenitiesLaundry
Association Fee IncludesReserves, Maintenance Grounds, Trash
Association NameNorthStar Homeowners associati
Cap Rate5.57
CityFort Collins
ConcessionsNo
Construction MaterialsOther, Frame, Wood Siding
CountyLarimer
Elementary SchoolKruse
Elementary School DistrictPoudre R-1
Entry LocationExterior Access
ExclusionsSeller and Tenants non-attached personal property
Facing DirectionSouth
Gross Income6440
HOAYes
HOA Fee$315
HeatingBaseboard
High SchoolFort Collins
High School DistrictPoudre R-1
LevelsTwo
Listing TermsCash, Conventional, Owner Will Carry
Lot Size Square Feet12026
Middle/Junior High SchoolBoltz
Net Operating Income61300
Number Of Units Total4
Occupancy TypeTenant
Operating Expense16800
OwnershipIndividual
Patio/Porch FeaturesDeck, Patio
PossessionClosing/DOD, See Remarks, Rental Agreement
Possible UseMulti-Family
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition, Other
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNorth Shore
Tax Annual Amount5800
Tax Year2025
Tenant PaysElectricity, Gas
UtilitiesCable Available, Electricity Available, Internet Access (Wired), Natural Gas Available
Year Built1980
Zoning4-Plex

Exterior for 1012 Driftwood Drive

Building Area Total4500
Lot FeaturesCorner Lot, Cul-De-Sac, Level, Open Space
Lot Size Acres0.28
Other EquipmentSatellite Dish
Road Frontage TypePublic
Road Surface TypePaved
Total Parking10
VegetationGrassed, Wooded
Water SourcePublic

Additional Details

Price History

Schools

Elementary School Kruse Elementary School
Middle School Boltz Middle School
High School Fort Collins High School

Marlix Turner

Real Estate Consultant Lokation Real Estate
Price $1,100,000
MLS#IR1034916
List Date 05/23/2025
Property Type Multi-Family
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