2226 W Elizabeth Street Unit 301, Fort Collins, CO 80521

Property Description

Strong income-producing opportunity in a prime rental location! Ideally situated less than 2 miles from campus and just steps from the high-demand Elizabeth corridor, this property benefits from consistent tenant demand driven by proximity to shopping, dining, entertainment, and transit. King Soopers is directly across the street along with multiple coffee options, pizza, brewery and more, everything your college tenants will need. This third-floor unit-no neighbors above-offers added privacy and reduced noise complaints, a key factor in tenant retention in addition to higher ceilings. The west-facing orientation delivers attractive foothills views, a premium feature that helps with both leasing speed and rental rates. Extensively remodeled, this unit is truly turnkey with minimal near-term capital expenditures. Upgrades include a modernized kitchen with updated cabinetry and granite countertops, renovated bathrooms, and durable laminate flooring throughout the main living areas-ideal for lowering ongoing maintenance costs. Major mechanicals have already been addressed with a newer HVAC system and hot water heater, reducing the risk of unexpected expenses and improving cash flow predictability. In-unit laundry provides a strong competitive advantage in this rental segment, supporting higher rents and tenant satisfaction. Washer and dryer are included, allowing for immediate occupancy or seamless transition between tenants. Low-maintenance, high-demand location, and major updates already completed-this is a solid addition to any rental portfolio or a great entry point for a first-time investor.