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200 S Carr Avenue, Lafayette, CO 80026
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$725,000
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Home Details for 200 S Carr Avenue
Price
$725,000
Type
Multi Family
Year Build
1974
Lot Size
0.18
County
Boulder
Basement
Daylight, Full
Tax
$3,302
MLS®️ Listing#
IR1043405
On exitrealty.com
131 days
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 of individually for instant profit. Both units currently tenant occupied, 24 hour notice for showings.
- Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- Basement
- Daylight
- Full
- Heating Information
- Forced Air
- Water Features
- Public
- House Interior
- Eat-in Kitchen
- Fire Place
- Other
School Information
School Information for 200 S Carr Avenue
Elementary School
Lafayette
Middle School
Angevine
High School
Centaurus
Listing Courtesy: milehimodern - Boulder - 3039061392
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