Exceptional Investment Opportunity. Welcome to 1305-1307 Cypress Dr, a well-maintained and updated duplex in the heart of Fort Collins. This turnkey property is ideal for investors or owner-occupants looking to live in one unit and rent the other. Each side of the duplex features 2 spacious bedrooms, 1 full bathroom, a bright living area, and a functional kitchen with ample storage. Generous fenced backyard space for each unit-great for pets, gardening, or entertaining. Dedicated off-street parking and attached one car garages for both units. The units are mirror images, providing easy upkeep and consistent rental potential. New windows in both units in 2023! New insulation in the attic and crawlspace in 2023 in both units. New mini-split heating & cooling system installed in 2023 in 1307. New roof installed in 2020. Located just minutes from CSU, local parks, shopping, and Old Town Fort Collins, this duplex combines convenience with long-term value. Both units tenant occupied. No HOA.
Property Features
Bedrooms
Appliances
- Electric Range
- Dishwasher
- Refrigerator
- Washer
- Dryer
- Microwave
Other Rooms
- Basement Features: Crawl Space
Heating and Cooling
- Cooling Features: Ceiling Fan(s)
- Heating Features: Hot Water
- Ceiling Fans: Yes
Bathrooms
Exterior and Lot Features
- Fencing: Fenced, Chain Link
- Road Frontage Type: City Street
- Road Surface Type: Asphalt
Land Info
- Land Lease Amount Frequency: Fixed Term
- Lot Description: Paved, Curbs, Gutters, Sidewalks
- Lot Size Acres: 0.18
- Lot Size Square Feet: 7841
Garage and Parking
- Other Parking: 2 Spaces/Unit
- Parking Total: 4
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Bauder
- High School: Rocky Mountain
- High School District: Poudre
- Middle School: Blevins
- School District: Poudre
Rental Info
- Gross Income: 44700
- Income Includes: Lease/Rents
- Tenant Pays: Deposit, Gas, Electricity, Water, Sewer
Multi-Unit Info
- Number of Units: 2
- Number of 2 Bedroom Units: 2
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Unit-1 Square Feet: 916
- Unit-2 Square Feet: 916
Other Property Info
- Annual Tax Amount: 3379
- Source Listing Status: Active
- County: Larimer
- Cap Rate: 5.94
- Tax Year: 2024
- Source Property Type: Residential Income
- Exclusions: Tenants personal property
- Possible Use: Multi-Family
- Area: Fort Collins
- Property Subtype: condo
- Source Neighborhood: Elliott Miller
- Parcel Number: R0171778
- Subdivision: Elliott Miller
- Zoning: RL
- Property Subtype: Duplex
Farm Info
- Irrigation Water Rights: No
Commercial Info
- Net Operating Income: 41321
- Operating Expense: 3379
Building and Construction
- Total Square Feet Living: 1832
- Year Built: 1970
- Construction Materials: Brick
- Levels: One
- Living Area Source: Assessor
- Property Age: 56
- Property Condition: Not New, Previously Owned
- Roof: Composition
- Levels or Stories: One
- Structure Type: Duplex
Utilities
- Natural Gas Available
- Water Source: City
Home Features
- Green Energy Efficient: Windows
