1629 Azalea Drive — Sale in Fort Collins, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Fort Collins, CO 80526

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Investment Figures

Cap rate
4.64%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1629 Azalea Drive, a fully renovated multifamily asset located in one of Fort Collins’ most desirable residential corridors. Situated just minutes from the renowned Horsetooth Reservoir, the property benefits from immediate access to some of Northern Colorado’s most sought-after outdoor recreation amenities, including boating, hiking, mountain biking, and open space trails. The asset features an attractive unit mix comprised entirely of spacious three -bedroom units, a highly desirable layout that appeals to families, roommates, and long-term residents seeking larger living accommodations. Current ownership has completed extensive renovations throughout the property, creating a turnkey investment opportunity with limited near -term capital requirements. In addition to its renovated condition, investors are presented with a compelling value -add opportunity through the continued growth of rental rates toward market levels. Combining a premium Fort Collins location, large three -bedroom floorplans, modernized interiors, and operational upside, 1629 Azalea Drive offers investors the opportunity to acquire a high-quality asset positioned for both stable cash flow and future income growth. Investment Highlights: • Fully renovated, turnkey asset with minimal near-term capex and reduced maintenance risk • All three-bedroom units drive strong demand from families and long-term renters • Prime West Fort Collins location near Horsetooth Reservoir and outdoor amenities • Supply-constrained submarket supports long-term rent growth and appreciation • Large unit format benefits from rising homeownership affordability challenges • Upside through rent growth as leases roll to market levels

Market Context

This multifamily in Fort Collins, CO is listed for sale. It is offered at an approximate 4.6% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Fort Collins, CO — view the full market.

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