556 Cajetan St Fort Collins CO 80524

Description

Price reduced! Attention Investors & Savvy Homebuilders! Here's an exceptional opportunity in Fort Collins - 556 Cajetan St is a prime corner lot that offers unmatched development potential in a high-demand locale. Positioned just steps from New Belgium Brewery and the Poudre Whitewater Park, this property is a strategic asset in one of the city's most vibrant neighborhoods. For investors, this lot is a dream come true: it's zoned under the CCN designation and, following a major amendment process, now permits development of up to four units. We're including fully completed architectural plans for a sophisticated three-unit build with a carriage house design, all approved for permit application. This turnkey aspect allows you to build in months, not years. For the homeowner investor looking to house hack, envision building your dream single-family home with an expansive yard while leveraging rental income from additional units to offset your mortgage. And the neighborhood's allowance for non-primary short-term rentals makes this property an even more attractive income generator. The seller has 10 years experience owning short term rentals in the neighborhood and estimates gross income for all 3 units being rented full-time short-term around $275k per year. The total lot size is truly impressive: with Tract A adding 7,606 sq ft to a 5,990 sq ft buildable envelope, you're looking at over 13,000 sq ft of potential. That's plenty of yard space to create an outdoor oasis or maximize your buildable area. This is a rare, value-add opportunity in Fort Collins that combines immediate rental potential and strong investor fundamentals.