200 S Carr Avenue, Lafayette, CO 80026
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
200 S Carr Avenue,Lafayette, CO 80026
$700,000
- - Beds
- - Baths
- 2,912 sq. ft.
- Multi-family
- Active
Listed by:rachel weinberg3039061392
Office:milehimodern - boulder
MLS#:IR1043405
Source:ML
Price summary
- Price:$700,000
- Price per sq. ft.:$240.38
About this home
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 7% 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.
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Home facts
- Year built:1974
- Listing ID #:IR1043405
Rooms and interior
- Living area:2,912 sq. ft.
Heating and cooling
- Cooling:Air Conditioning-Room
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1974
- Building area:2,912 sq. ft.
- Lot area:0.18 Acres
Schools
- High school:Centaurus
- Middle school:Angevine
- Elementary school:Lafayette
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$700,000
- Price per sq. ft.:$240.38
- Tax amount:$3,302 (2024)
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