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Buy a multi-family propertyat 205 N Public Rd, Lafayette, CO 80026

$1,595,000

$1,800,000 (-11.39%)

$0/mo

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Multifamily

11,761 Sq. Ft. lot

965 Days on market

975632 MLS ID

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About 205 N Public Rd multi-family property

Prime location in Lafayette, CO with frontage on Public Rd and alley access.Multifamily, consisting of 9 units with: 5 efficiencies, 3-one bedroom, 1-twobedroom. Continue current use as multifamily and improve rents, or possibleredevelopment within the B1 zoning and Urban Renewal District. Current rentalrates are significantly under market, cap rate is based on proforma using FMR data.
Prime location in Lafayette, CO with frontage on Public Rd and alley access.Multifamily, consisting of 9 units with: 5 efficiencies, 3-one bedroom, 1-twobedroom. Continue current use as multifamily and improve rents, or possibleredevelopment within the B1 zoning and Urban Renewal District. Current rentalrates are significantly under market, cap rate is based on proforma using FMR data.

Property details

Appliances and Equipment

Appliances: "Gas Range/Oven", "Refrigerator"

House

Architectural Style: "Ranch"

Construction Materials: "Wood/Frame", "Wood Siding"

Has Improvements: No

Total Sq Ft: 4230

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 1

Year Built: 1947

Basement

Basement: "None"

Bathrooms

Bathrooms Total Integer: 9

Bedrooms

Bedrooms Total: 9

Location

City: Lafayette

Country: US

County Or Parish: Boulder

Locale: Lafayette

Latitude: 39.99957

Longitude: -105.09088

MLS Area Major: Lafayette

Postal Code: 80026

State Or Province: CO

Street Dir Prefix: N

Street Name: Public

Street Number: 205

Street Suffix: Rd

Subdivision Name: Lafayette West

Unparsed Address: 205 N Public Rd Lafayette CO 80026

Schools

Elementary School: Lafayette

High School: Centaurus

High School District: Boulder Valley Dist RE2

Middle Or Junior School: Angevine

Exterior Features

Exterior Features: "Lighting"

Utilities

Gas: "Natural Gas", "Xcel"

Is Water Meter Installed: Yes

Utilities: "Natural Gas Available"

Income

Gross Income: 150300

Income Includes: "Lease/Rents"

Net Operating Income: 97800

Heating

Heating: "Forced Air", "Common Heat Source"

Heating YN: t

Taxes

Has Metro Tax District: No

Tax Annual Amount: 9000

Tax Year: 2021

Water

Has Water Rights: No

Water Source: "City Water", "City of Lafayette"

Interior Features

Interior Features: "Eat-in Kitchen"

Listing

Listing Id: 975632

Listing Terms: "Cash", "Conventional", "Owner May Carry"

List Price: 1595000

Mls Status: Active

Number Of Units Total: 9

Special Listing Conditions: "Private Owner"

Standard Status: Active

Lot

Lot Features: "Zero Lot Line", "Curbs", "Gutters", "Sidewalks", "Fire Hydrant within 500 Feet", "Level", "Within City Limits"

Lot Size Acres: 0.27

Lot Size Area: 11761

Lot Size Square Feet: 11761

Lot Size Units: Square Feet

Expenses

Operating Expense: 52500

Parking

Other Parking: Parking Per Unit(1 Space/Unit)

Parking Features: "Alley Access"

Property

Parcel Number: R0021393

Possible Use: "Multi-Family", "Commercial", "Commercial or Industrial"

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

Road Frontage Type: "City Street", "Alley"

Road Surface Type: "Paved", "Asphalt"

Tenant Pays

Tenant Pays: "Deposit"

Monthly cost

Estimated monthly cost

$9,832/mo

All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,499,300

+$47,850

$1,547,150

Seller agent commission$47,850 (3%)*

$0 (0%)

Buyer agent commission$47,850 (3%)*

$47,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

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Unreal Estate checked: Sep 10, 2024 at 1:32 p.m.

Data updated: May 9, 2023 at 4:49 p.m.

Courtesy of Toni Munoz,
This content last updated on 05/09/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © IRES 2025. All Rights Reserved.

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