200 S Carr Ave new Save Request In-Person Tour Request Virtual Tour
Lafayette,CO 80026
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Subdivision Lafayette Villa West
MLS Listing ID 1043405
Style Ranch
Bedrooms 6
Year Built 1974
Annual Tax Amount $3,302
Lot Size 7,840 Sqft
Property Sub-Type Income Property
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
Area Lafayette
Zoning RES
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplaces Type Masonry,Single Fireplace
Laundry Washer/Dryer Hookups
Exterior
Exterior Feature Lighting
Fence Fenced,Wood,Chain Link
Utilities Available Natural Gas Available,Electricity Available,Cable Available
Roof Type Composition
Building
Lot Description Curbs,Gutters,Sidewalks,Fire Hydrant within 500 Feet,Level,Within City Limits
Story 1
Foundation Slab
Sewer City Sewer
Water City Water,City
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Lafayette
Middle Schools Angevine
High Schools Centaurus
School District Boulder Valley Dist Re2
Others
Special Listing Condition Private Owner,Licensed Owner