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227 5th Ave

Lyons, CO 80540
  • $799,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 972911
UPDATED: 73 min ago
$799,000
  • 6
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,240
    SQFT
  • $247
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Fantastic opportunity in popular Lyons! Investment or owner occupy the large upper unit w/ income from additional units. Income listed is current rents. Long time tenants now on month-to-month leases. Rents well below market, which leaves huge upside for new owner. Owner currently pays most utilities, which can also be passed along for higher return. Roof 2-3 yrs old, sewer redone approx 5 yrs ago. Flood of 2013 did NOT touch any part of this structure. Property extends up the east hill to the alley. 48 hours needed to tour inside of units. Please do not disturb tenants. Contact Diane directly with any questions.

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© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2022-09-26T06:41:39.643.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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227 5th Ave Lyons, CO 80540

  • Price: $799,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 73 min ago
  • MLS #: 972911
6
Beds
0
Baths
0
½ Baths
0.32
Acres
3,240
SQFT
$247
$/SQFT
1965
Built
Neighborhood:
Lyons
County:
Boulder
Area:
05 Suburban Plains
Elementary School:
Lyons
Middle School:
Lyons
High School:
Lyons
School District:
ST Vrain Dist RE 1J
Property Description
Fantastic opportunity in popular Lyons! Investment or owner occupy the large upper unit w/ income from additional units. Income listed is current rents. Long time tenants now on month-to-month leases. Rents well below market, which leaves huge upside for new owner. Owner currently pays most utilities, which can also be passed along for higher return. Roof 2-3 yrs old, sewer redone approx 5 yrs ago. Flood of 2013 did NOT touch any part of this structure. Property extends up the east hill to the alley. 48 hours needed to tour inside of units. Please do not disturb tenants. Contact Diane directly with any questions.
Exterior Features

Architectural Style Raised Ranch Construction Materials Wood/FrameBrick/Brick Veneer Horse YN No Other Parking Parking Per Unit(2 Spaces/Unit) Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenDishwasherRefrigerator Basement Full90%+ Finished Basement Heating Forced Air Heating YN Yes Living Area Source Appraiser Unit1 Bedrooms 1 Unit1 Est Sq Ft 750 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 870 Unit2 Total Baths 1 Unit3 Bedrooms 3 Unit3 Est Sq Ft 1620 Unit3 Total Baths 2

Property Features

Association YN No Cap Rate 4.45 Ditches Active YN No Electric ElectricXcel Energy Exclusions Personal Property Belonging To Tenants Gas Natural GasXcel Energy Gross Income 49200 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Lyons Net Operating Income 35635 New Construction YN No Operating Expense 13565 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Single Family Residence Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 4548 Tax Year 2021 Tenant Pays DepositElectricity Unit1 Rent 1150 Unit2 Rent 1100 Unit3 Rent 1850 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Lyons Zoning Mult Fam

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Diane Clark of Csi Properties: 7203088761.



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2022-09-26T06:41:39.643.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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