Residential · Active
Fort Collins, CO 80521
4 Beds · 3 Baths · 1,724 Sq Ft
$735,000
Single Family
Property Type
0.17 acres
Lot Size
1951
Year Built
$426
Price per Sq Ft
2
Parking Spaces
IR1061194
MLS #
About This Property
1114 W. Mulberry presents an exceptional investment opportunity in the heart of Fort Collins with stable cash flow already in place. This spacious 4-bedroom, 3-bath home is currently leased at $3,800 per month through June 1, 2027, providing immediate and reliable income for the next owner. With an established lease in place, investors can step into ownership with confidence and avoid the uncertainty and expense of marketing an available property and securing new tenants.
The functional main-level floor plan offers ample living space appealing to a wide range of tenants, including students, professionals, and those seeking convenient access to everything Fort Collins has to offer. Well-maintained and thoughtfully designed, the home combines comfort, practicality, and strong rental appeal. Generous living areas and a desirable layout contribute to the property's attractiveness within the local rental market. Ideally located near Colorado State University, Old Town Fort Collins, shopping, dining, parks, and major commuter routes, this property benefits from consistent demand in one of Northern Colorado's strongest rental markets.
The central location supports appreciation potential and strong occupancy trends while offering convenient access to Fort Collins amenities. Offered at $735,000, the property generates gross rental income of $45,600 annually based on current lease terms. This represents an approximate gross rent multiplier (GRM) of 16.1 and a gross income yield of 6.2%, providing investors with clear performance metrics. The lease through June 2027 offers predictable income, reduced vacancy risk, and immediate cash flow from closing.
Whether expanding an investment portfolio, completing a 1031 exchange, or seeking a turnkey income property in a high-demand location, 1114 W. Mulberry offers an attractive combination of immediate cash flow and long-term upside. Opportunities to acquire an income-producing property with established tenant in place are limited.
156 days on market
Listed by Michael Salza · C3 Real Estate Solutions, LLC · 9702255152
Property Details
| Property Type | Residential |
| Sub Type | Single Family Residence |
| Status | Active |
| Price per Sq Ft | $426 |
| Subdivision | Kenwood Heights |
| MLS # | IR1061194 |
| Days on Market | 156 |
| Bedrooms | 4 |
| Full Baths | 3 |
| Year Built | 1951 |
| Lot Size (Sq Ft) | 7,365 |
| Acres | 0.17 |
| HOA | No |
| Annual Taxes | $4,266 |
| State | CO |
| County | Larimer |
| Zoning | NCL |
| Interior Features | Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s), Radon Mitigation System |
| Heating | Forced Air |
| Cooling | Ceiling Fan(s), Central Air |
| Flooring | Tile, Wood |
| Fireplace Features | Insert |
| Appliances | Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer |
| Garage | Yes |
| Garage Spaces | 2 |
| Parking Features | Oversized |
| Roof | Composition |
| Basement | Crawl Space, None |
| Lot Features | Level, Sprinklers In Front, Historical District |
| Architectural Style | Contemporary |
| Levels | One |
| Construction | Wood Siding |
| Sewer | Public Sewer |
| Water Source | Public |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 6/5/2026 |
Listed for sale Source: REcolorado® #IR1061194 |
$735,000 $426/sqft |
Based on information submitted to the MLS GRID as of November 8, 2026 at 3:12 PM MST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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