This prime Old Town corner lot with water and sewer taps offers great value and includes a house you can rent while planning your redevelopment. Whether you keep it as-is, rent it out, remodel, expand, add an ADU, or start fresh, the options are wide open. Just steps from Lee Martinez Park and the Poudre River Trail, and close to Old Town’s shopping, dining, and entertainment, this quiet, alley-access spot is hard to beat. Recent updates in the last five years include a new refrigerator, water heater, washer, dryer, and a radon mitigation system. Over the past decade, the home has gained new windows, added insulation, backyard xeriscaping, fresh paint, a rear composite deck, and a back sidewalk. High ceilings in the main living area fill the space with natural light for an open, airy feel. The backyard features a large maple tree for shade and year-round color, plus a composite deck perfect for dining or entertaining. A detached garage, storage shed, off-street parking, and potential for an ADU (with city approval) offer flexibility, while modern appliances, cedar privacy fencing, extra insulation, and energy-efficient windows add comfort and style. Pre-inspected and featuring a second living space with an office or non-conforming bedroom downstairs, there’s also potential to add an egress window and well, pending city approval. Most recently rented for $2,400 per month.