1114 W Mulberry, Fort Collins, CO 80521
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1114 W Mulberry, Fort Collins, CO 80521
1114 W Mulberry, Fort Collins, CO 80521
1114 W Mulberry, Fort Collins, CO 80521
1114 W Mulberry, Fort Collins, CO 80521
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Dave Fish

Dave Fish

+1(303) 818-3413
$ 735,000
Est. payment /mo
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1114 W Mulberry Fort Collins, CO 80521

4 Beds

3 Baths

1,724 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,724 sqft

Subdivision Kenwood Heights

MLS Listing ID IRE1061194

Style Contemporary

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1951

Annual Tax Amount $4,266

Tax Year 2025

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Single Family Residence

Source ires

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

Community Kenwood Heights

Area Fort Collins

Zoning NCL

Direction Via E Mulberry, head toward S college Ave, keep going west, property will be on the right.

Rooms

Family Room 1

Basement None, Crawl Space, Built-In Radon

Interior

Interior Features Separate Dining Room, Cathedral Ceiling(s), Open Floorplan, Walk-In Closet(s), Washer/Dryer Hookup, Skylights, 6-Panel Doors

Heating None

Cooling Central Air, Ceiling Fan(s)

Flooring Wood

Fireplaces Type Insert

Appliance Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal, Fire Alarm

Exterior

Exterior Feature Sprinkler System, Oversized Garage

Parking Features Garage Door Opener, Attached

Garage Spaces 2.0

Fence Fenced, Wood

Utilities Available Natural Gas Available, Electricity Available, Satellite Avail, High Speed Avail

View Y/N Yes

View Hills

Roof Type Composition

Improvements No

Porch Patio, Enclosed

Garage Yes

Building

Lot Description Evergreen Trees, Deciduous Trees, Level, Historic District, House Faces South, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley

Sewer Public Sewer

Water City

Architectural Style Contemporary

Level or Stories One

Structure Type Frame,Composition

New Construction false

Schools

Elementary Schools Dunn

Middle Schools Lincoln

High Schools Poudre

School District Poudre

Others

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by Michael Salza

NEARBY SCHOOLS & PROPERTIES

Dave Fish

Dave Fish

+1(303) 818-3413

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