1734 Azalea, Fort Collins, CO 80526
1734 Azalea, Fort Collins, CO 80526
1734 Azalea, Fort Collins, CO 80526
1734 Azalea, Fort Collins, CO 80526
1734 Azalea, Fort Collins, CO 80526
1734 Azalea, Fort Collins, CO 80526
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Valarie Holman

Valarie Holman

+1(970) 237-1445
$ 1,200,000
Est. payment | /mo

5,250 SqFt

Save
$ 1,200,000
Est. payment | /mo
Save

5,250 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,250 sqft

Subdivision Elliott Miller Foothills West

MLS Listing ID IRE1071273

HOA Y/N No

Year Built 1977

Annual Tax Amount $9,155

Tax Year 2025

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi Family

Source ires

Property Description

1734 Azalea Drive is a six-unit apartment building in southwest Fort Collins, one story over a full finished basement on a 13,100 SF lot. The unit mix is four two-bedroom and two three-bedroom flats - fourteen bedrooms in total, averaging 875 rentable square feet.The building is brick-veneer frame on a concrete foundation with a composition shingle roof replaced in 2024. Sewer lines were replaced prior to the current ownership. Every unit has in-unit washer and dryer, dishwasher, and garbage disposal - amenities that are scarce in comparably priced Fort Collins product of this vintage. The property is all-electric with no gas service, and a dedicated maintenance closet serves the building.The asset is run lean and direct. All utilities are back-billed to residents, including landscaping charges, and carpet and unit cleaning at turnover are charged back through security deposits. Two residents have been in place six and seven years. Trailing twelve-month controllable expenses were under $200 per unit.Four of the six units have been updated, and achieved rents show little separation between updated and original units. That leaves a buyer two independent levers: complete the remaining two units, and mark the long-tenured leases to market on natural turnover. In-place rents sit roughly 7% below market, with essentially all of that gap in the two bedroom units.

Location

State CO

County Larimer

Community Elliott Miller Foothills West

Area Fort Collins

Zoning MMN

Rooms

Basement Full, Partially Finished

Interior

Heating Forced Air

Appliance No Units Furnished, Electric Range, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Utilities Available Electricity Available, Cable Available, Master Meter-Electric, Master Meter-Gas

View Y/N No

Roof Type Composition

Improvements No

Garage No

Building

Water Public

Level or Stories Bi-Level

Structure Type Frame,Brick,Wood Siding

New Construction false

Schools

Elementary Schools Bauder

Middle Schools Cache La Poudre

High Schools Poudre

School District Poudre

Others

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)
Listed by Philip Dankner

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1734 Azalea

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Valarie Holman
Valarie Holman

Agent

+1(970) 237-1445 | val@valarieholman.com

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