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    Mixed-use properties

    344 Mulberry St, Fort Collins, CO 80524

    14,500 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 14,500 square foot mixed-use property, known as the historic Arthur House, presents a unique investment opportunity in Fort Collins' coveted Old Town district. Built in 1882 by renowned architects Nichols & Canman of Denver in partnership with Fort Collins builder Richard Burke, this Queen Anne Victorian mansion boasts a striking presence and significant historical value, potentially qualifying for historical designation and associated benefits. The property currently operates as a five-unit apartment building, with four units currently leased and one owner-occupied. Recent upgrades include a new Class 4 Impact Resistant GAF Grand Sequoia Lifetime Designer Shingle Roofing System (2020), a complete sewer line upgrade (2017), new appliances, updated kitchens and bathrooms, fresh paint, and new American Standard Cadet toilets and A/C units in each unit. The building's foundation is solid masonry sandstone, and the exterior walls are three bricks thick, ensuring structural integrity and longevity. A substantial private parking lot provides 21 spaces. The NCB zoning allows for diverse uses, including single-family residence, offices, medical/dental clinics, service industries, group homes, and fraternity/sorority housing. Asking price is $1,499,000. This property offers strong income potential and significant upside.

    Property profile
    Verified
    Property type Mixed-use properties
    Total area 14,500 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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