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1516 Remington St, Fort Collins, CO 80524

$535,000
: 8,997
SqFt

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Sold Price: $535,000
List Price: $700,000
Closing Date: Oct 07, 2024
Type: Single Family Residential
Property Sub Type: Single Family Residence
Status: CLOSED
MLS Number: 5171456
Structural Style: Mid-Century Modern
Sqft Total: 8,997
Year Built: 1946

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Property Description

PRICE SIGNIFICANTLY REDUCED! Potential, Potential, Potential. This former Sorority/Fraternity house is awaiting your vision. Almost 9,000 sf of finished living space. This property is in an amazing location, right next door to CSU Campus, walking distance to CSU Rams (Canvas) Stadium. Preliminary drawings are for a sorority/fraternity house with 23 bedrooms and 33 beds. Potential uses can be for student housing, boutique hotel, sober living, residential assisted living or convert them to apartments. Your only limited by your imagination! Close to College Ave and Prospect, near tons of shopping, dining, Max Transport station and Old Town. Next door is CSU's - House on Remington, across the street is the Sigma Phi Epsilon fraternity and caddy corner is the CSU Annual Flower Garden. Demo has been completed by the previous owner and is ready for your creativity to take this amazing property and make it something special. It is the ugly duckling on one of the most amazing streets in Fort Collins. This home was appraised last year for $2.1 million As-Is and $3.12 million once renovations are done (based on income approach). Property is located in a historical district and is eligible for historical designation. Don't miss out on this opportunity to own a piece of Fort Collins history. Demo was completed by previous owner, please use caution when entering. Visit www.1516RemingtonStreet.com

(303) 522-8226

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Additional Information

Lot Size Acres: 0.39
Lot Size Sq Ft: 16,988
Tax Amount: $5,188
Water Source: Public
Sewer: Public Sewer
Basement Type: Finished
Heating: Forced Air
Cooling: None
School District: Poudre R-1
Elementary School: Laurel
Middle Or Junior School: Lesher
High School: Fort Collins