200 S Carr AVE new to site Save Request In-Person Tour Request Virtual Tour
Lafayette,CO 80026
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,912 sqft
Price per Sqft $248
Subdivision Lafayette Villa West
MLS Listing ID IR1043405
Year Built 1974
Annual Tax Amount $3,302
Tax Year 2024
Lot Size 7,673 Sqft
Property Sub-Type Duplex
Property Description
Positioned on the edge of sought-after Old Town Lafayette, this spacious duplex presents an exceptional investment opportunity with proven performance and future upside. Offering six bedrooms and four baths across two generous units, this property has maintained full occupancy for over five years and currently operates at a strong 6.8% cap rate. Each unit lives like a single-family home with three bedrooms, 1.5 baths, large kitchens and living rooms, in-unit laundry, private decks and yards, plus a one-car garage and ample parking. Residents enjoy privacy with no neighbors behind, while being just blocks from Old Town Lafayette, the library, rec center, Lafayette Elementary and bus lines. Walk score is an amazing 78!!! Recent updates include a new roof in 2020 and upgraded appliances in unit 200, while unit 202 features a cozy wood-burning fireplace. Professionally managed and tenant-paid utilities create ease of ownership. Baseline redevelopment will add a huge boost to desirability and value. Buy and hold for instant cash-flow and stability or remodel, condo convert and sell off individually for instant profit. Both units currently tenant occupied, 24 hour notice for showings.
Location
State CO
County Boulder
Zoning RES
Interior
Heating Forced Air
Cooling Air Conditioning-Room
Fireplaces Number 1
Fireplaces Type Other
Laundry In Unit
Exterior
Fence Fenced
Utilities Available Cable Available,Electricity Available,Internet Access (Wired),Natural Gas Available
Roof Type Composition
Building
Lot Description Level
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Lafayette
Middle Schools Angevine
High Schools Centaurus
School District Boulder Valley Re 2
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional