Address
205 N Public, Lafayette, CO
Price
$ 1,450,000
Property Attributes
- MLS#6377438
- TypeCommercial
- CountyBOULDER
- CityLafayette
- Zip80026
- StyleCottage
- Year Built1947
- Taxes$ 8495
- Price$ 1,450,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4230
- Lot Size0.27 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Prime location in Lafayette, Colorado on Public Road and alley access. Two multifamily units, consisting of 9 units. The two buildings consist of 5-efficiencies, 3-one bedroom, 1-two bedroom. Continue current use as multifamily and improve rents, or possible redevelopment within the B1 zoning and Urban Renewal District. Current rental rates are significantly under market, cap rate is based on proforma using FMR data.
| Price History | |
|---|---|
| 8/27/2023 | Listed $1,550,000 |
| 4/25/2024 | 7% - $1,450,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Available,Electricity Available,Natural Gas Available,Sewer Connected |
| Possession | Closing/DOD |
| Roof | Composition |
| Architectural Style | Cottage |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Wood Siding |
| Year Built | 1947 |
| Electric | 220 Volts |
| Stories | 1 |
| Property SubType | Multi-Family |
| Tax Year | 2022 |
| Current Use | Commercial |
| Gross Income | 101400 |
| OwnerPays | Electricity,Gas,Trash Collection,Water |
| Building Name | Modern Motel |
| County | Boulder |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| City | Lafayette |
| Buyer Agent Compensation | 2.8 |
| NumberOfUnitsTotal | 9 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 11562 |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 8495 |
| Lease Considered Y/N | No |
| Standard Status | Active |
| Occupancy Type | Tenant (Multiple) |
| Cap Rate | 4.5 |
| Buyer Agent Compensation Type | % |
Exterior Features
| Lot Features | Historical District,Near Public Transit |
|---|---|
| Water Source | Private |
| Lot Size Area | 11562 |
| Building Area Total | 4230 |
| Lot Size Acres | 0.27 |
| Road Surface Type | Alley Paved,Paved |
| Road Frontage Type | Public |
| Road Responsibility | Private Maintained Road,Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 80026
Price
Taxes
Visits
Year Built
Walkscore
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