This is an interesting property. It is in the city of Fort Collins and in the poudre school district but is a home on a ½ acre lot on a dirt road with no HOA. Property at 501 Vivian St Fort Collins, CO 80525 also has an interesting layout as it is built as a bi-level or maybe you would say a raised ranch. The front entrance has two separate entrances to the bottom unit and the top unit. In the back you can enter from a side door or the oversized 2 car garage and you enter an enclosed stairway like a bi-level going up for the upstairs unit and down for the downstairs unit. On the landing at the door to each unit are washer dryer hookups. You enter a door to go in to the top or bottom unit. Upstairs you have 3 bedrooms, 1 full hall bath and a kitchen. Downstairs you have the same layout but with two 2 larger bedrooms with large closets, and one full hall bath and a kitchen.
The property is listed as a single family residence and is in an area with UE (urban estate) zoning, which allows with administrative review conversion to status as a full duplex. There is one gas fired hot water boiler at the property and one water heater. Windows are vinyl and newer. Condition is very similar to the last MLS sale pictures in 2010 but with more wear and tear. For a rental you would just need a clean, carpet and paint. For a flip you would need that plus adding a surface renovation to give it some emotional buyer appeal.
This property is unique and meets a hard to find market niche. The future renter or buyer of this property will want a more rural feel in their home where neighbors aren’t in their business and their isn’t an HOA to bother them, while being in town and close to city amenities. It also meets a niche for a buyer living with relatives, rather it be adult children with parents or grown children taking care of aging parents, many more Americans are living together as larger family units similar to the common living style around the world. For someone in this situation a property like this is rare and highly desirable.
$2500 deposit to NoCo House Buyers Inc $2500 Earnest Money to First American Title both non-refundable except for seller inability to provide clear title.