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.
Property Details
- Interior
- Open Floorplan, Radon Mitigation System, Vaulted Ceiling(s), Walk-In Closet(s)
- Cooling
- Ceiling Fan(s), Central Air
- Heating
- Forced Air
- Cooling Features
- Ceiling Fan(s), Central Air
- Bedrooms
- 4
- Bathrooms
- 3.0
- Full Baths
- 3
- View
- Mountain(s)
- Lot Features
- Historical District, Level, Sprinklers In Front
- Stories
- 1
- Lot Description
- Historical District, Level, Sprinklers In Front
- Acres
- 0.17
- Square Feet
- 1724
- Parking Features
- Oversized
- Parking Spaces
- 2
- Parking Type
- Garage
- Parking Garage Spaces
- 2
- Property Type
- Purchase
- Style
- Contemporary
- Basement
- 1
- Basement Description
- Crawl Space, None
- Year Built
- 1951
- Roof
- Composition
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Available, Internet Access (Wired), Natural Gas Available
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
- Subdivision
- Kenwood Heights
- School District
- Poudre R-1
- Elementary School
- Dunn
- Middle School
- Lincoln
- High School
- Poudre
- County
- LARIMER
- Region
- Fort Collins
- Zoning
- NCL
Location
Legal
Based on information submitted to the MLS GRID as of 2026-06-29T20:05:04Z UTC. 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.
Provided By
Listed by Michael Salza
Listing Office: C3 Real Estate Solutions, LLC
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Buyer Agency Compensation
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
