$639,500

Exceptional opportunity just half a block from CSU and within easy walking distance of Old Town Fort Collins. Rich in history and full of potential, this legal over/under duplex has long been used as a successful rental but also offers the opportunity to be transformed into a charming single-family home with the added flexibility of a lower-level long-term or short-term rental. This ranch style bungalow welcomes you with a classic front porch, spacious living room featuring original hardwood floors, two bedrooms, one bath, and an efficient kitchen. The separate lower-level unit, accessed from the west side, includes a full kitchen, living room, two bedrooms with legal egress windows, one bath, and a large pantry for additional storage. Both units share a washer and dryer. New roof and gutters installed in 2023. New furnace in 2024. Outstanding parking with alley access, four off-street parking spaces from the alley, plus two additional spaces in front of the detached garage. The desirable OT-B (Old Town District, Medium) zoning district offers exceptional flexibility for investors and homeowners alike, with zoning that allows for a future fourplex, accessory dwelling units (ADUs), and short-term rentals (buyer to verify all permitted uses with the City of Fort Collins). Whether you're looking for a prime investment property, a future development opportunity, or a historic home in an unbeatable location, this property offers endless possibilities.