208 W Baseline Rd, Lafayette, CO 80026

$1,150,000
3,940
SqFt
List Price
$1,150,000
Status
ACTIVE
MLS#
871689
Year Built
1971
Living Area
3,940
Lot Size
20,473
Subdivision
Highland

Property Description

Location,Location,Location 6 Six Apartments in Lafayette's Redevelopment zone . Zoned B1 Close to everything . UPSIDE is future rent increase or redevelopment . 2018 Gross income was $80150 with 2 units vacant for 6 months while being rehabbed 2018 Net Income was $62211. A nice cash cow.with a great cash flow. Could be bought with 14 unit property next door MLS #871980 for a total of 1.12 acres in The City of Lafayette's Old Town Urban Renewal Area. Lots of possibilities ?

Additional Information

Taxes
$2,787
Association Fee Includes
Common Amenities
New Financing
Cash, Owner Financing, Exchange, 1031 Exchange
Capitalization Rate
6.49
Construction
Wood/Frame, Brick/Brick Veneer
Style
1 Story/Ranch
Property Styles
1 Story/Ranch
School District
Bldr Valley Dist RE2
Elementary School
Lafayette
Middle School
Angevine
High School
Centaurus
Lot Improvements
Street Paved, Curbs, Street Light, Alley
Approximate Acreage
0.47
Heating
Forced Air
Cooling
Evaporative Cooler, Ceiling Fan
Utilities
Natural Gas, Electric, Cable TV Available, Separate Meter Electricity, Separate Meter Gas
Basement Foundation
No Basement
Outdoor Features
Balcony, Patio
Unit Ones Numberof Bedrooms
1
Common Amenities
Common Laundry
Energy Features
Double Pane Windows
Gross Operating Income
89790.0000
Net Operating Income
$74,685
Total Operating Expense
15105.0000
Tenant Pays
Deposit, Nothing
Parking Per Unit
2 Spaces/Unit
Total Numberof Units
6
Disabled Accessibility Features
Level Lot, Level Drive, Near Bus, No Stairs, Main Floor Bath, Main Level Bedroom
Zoning
B1
Locale
Lafayette
Inclusions
No Units Furnished, Window Coverings, Electric Range/Oven, Refrigerator, Microwave, All Appliances, Disposal
Road Access
City Street
Ownership
Licensed Owner
Possible Usage
Multi Family, Business

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Colorado Flatiron Realty, LLC.

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