205 N Public Lafayette, CO $ 1,450,000
205 N Public
$ 1,450,000
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205 N Public

Lafayette, CO, 80026
$ 1,450,000
Baths0.0 Sq 4,230

Monthly Estimate*

$ 10,129

Listed by Serene Realty
205 N Public, Lafayette, CO 80026 - Image 1
205 N Public, Lafayette, CO 80026 - Image 2
205 N Public, Lafayette, CO 80026 - Image 3
205 N Public, Lafayette, CO 80026 - Image 4
205 N Public, Lafayette, CO 80026 - Image 5
205 N Public, Lafayette, CO 80026 - Image 6
205 N Public, Lafayette, CO 80026 - Image 7
Studio

Commercial Property for sale in Lafayette, CO

for $1,450,000. This 4,230 square foot building was built in 1947 on a lot size of 0.27.

Prime location in Lafayette, Colorado on Public Road and alley access. Two multifamily units, consisting of 9 units. The two buildings consist of 5-efficiencies, 3-one bedroom, 1-two bedroom. Continue current use as multifamily and improve rents, or possible redevelopment within the B1 zoning and Urban Renewal District. Current rental rates are significantly under market, cap rate is based on proforma using FMR data.

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Commercial Active

Price

$ 1,450,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,495

Style

Cottage

Lot Size

0.27

Year Built

1947

Town/City

Lafayette

County/Region

Boulder

MLS | Web ID

6377438

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Available Natural Gas Available Sewer Connected
Possession Closing/DOD
Roof Composition
Garage Spaces 0
Architectural Style Cottage
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Wood Siding
Year Built 1947
Electric 220 Volts
Stories 1
Property SubType Multi-Family
Tax Year 2022
Current Use Commercial
Gross Income 101400
Building Name Modern Motel
County Boulder
Property Type Commercial Sale
Attached Garage N
Status Active
City Lafayette
Buyer Agent Compensation 2.8
Total Units 9
Lot Size Square Feet 11562
Carport Spaces 0
Street Name Public
Listing Terms Cash Conventional
Tax Annual Amount 8495
Lease Considered Y/N N
Standard Status Active
Occupancy Description Tenant (Multiple)
Cap Rate 4.5
Buyer Agent Compensation Type %
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Exterior
Lot Features Historical District Near Public Transit
Water Source Private
Total Parking 0
Lot Size Area 11562
Building Area Total 4230
Lot Size Acres 0.27
Road Surface Type Alley Paved Paved
Lot Size Units Square Feet
Road Frontage Type Public
Road Responsibility Private Maintained Road Public Maintained Road
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Internal Only
Street Number 1 205
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* Excluded Features
List By
Serene Realty

Broker

(303) 665-8035

Phone

Affordability Calculator

$10,837
Per Month
93%
7%
0%
Monthly Principal & Interest
$10,129
Monthly Property Taxes
$708
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2024$1,450,000 -6.45% Price Down
8/27/2023$1,550,000 Listed Price

Map


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205 N Public, Lafayette, CO, 80026 is a Commercial Property for sale at $1,450,000 with 4,230 sqft and a lot size of 0.27. 205 N Public is a studio with 0.0 baths and was built in 1947. The property's zip code is 80026 which is in Lafayette, CO