Leased Residential Income
For Sale
$540,000
1649 Country Sun Ct, Windsor, CO 80550
MULTI_FAMILY - Windsor, CO
Property Size3,074 SF
Lot Size0.18 Acres
Price / SF$175.67
Days on Market55
Property Features for 1649 Country Sun Ct
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Res
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Dining Room, Bathroom 2, Bedroom 2
Parking
3
Window features
Window Coverings
Patio and Porch features
Deck
Interior features
Separate Dining Room, Open Floorplan, Pantry, Washer/Dryer Hookup
Exterior features
Sprinkler System
Basement
Unfinished, Partial
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Subdivision
Raindance
Lot features
Cul-De-Sac, Golf Course Neighborhood, House Faces West, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
Elementary school
Orchard Hill
Middle school
Ridgeline
High school
Windsor
Elementary school district
Weld RE-4
Middle school district
Weld RE-4
High school district
Weld RE-4
Standard status
Active
APN
R8966960
Size
3,074 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4920
HOA Fee
$300 Annually
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2021
Number of units
1
Building materials
Frame, Stone
Roof type
Composition
Listing Agency:
Group Mulberry
(970) 221-0700
Listed By:
Billy Miles
(970) 631-4441
Added: Jun 19
Changed: Aug 1
Last Checked: Aug 12 at 12:06PM
MLS# 1062297
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This tenant-occupied two-story home offers four bedrooms and three bathrooms, with all bedrooms located on the upper level. The main level includes an open great room, dining area, and kitchen with laminate flooring, plus a half bathroom and a covered front porch. A primary suite features a 5-piece bathroom and walk-in closet, and there is a second full bathroom serving the remaining three bedrooms. Convenience is supported by upper-level laundry. The unfinished basement provides an additional 883 square feet for future storage or expansion. Built in 2021, the property sits on a corner lot and includes lawn sprinklers. An oversized attached three-car garage provides ample space for vehicles and storage.
The home is located in the Raindance resort-style community, which features a pool, play areas, parks, and hiking and biking trails. The community setting supports an owner-occupied or tenant-occupied lifestyle, while the property is currently leased through July 31, 2027.
For investors or cash buyers seeking a low-maintenance residential income asset, this home is being sold tenant-occupied. The existing lease provides immediate occupancy, and the garage and covered porch add practical day-to-day utility for tenants.
The home is located in the Raindance resort-style community, which features a pool, play areas, parks, and hiking and biking trails. The community setting supports an owner-occupied or tenant-occupied lifestyle, while the property is currently leased through July 31, 2027.
For investors or cash buyers seeking a low-maintenance residential income asset, this home is being sold tenant-occupied. The existing lease provides immediate occupancy, and the garage and covered porch add practical day-to-day utility for tenants.
Key Highlights
- 4‑bedroom, 3‑bath two‑story home built in 2021 in the Raindance community
- Corner lot home leased at $2,835/month through July 31, 2027
- Main level open floor plan with great room, dining area, and kitchen plus covered front porch
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,490
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,800
$649.8K
Cap Rate 7%
$464,143
$464.1K
Cap Rate 9%
$361,000
$361.0K
Market Conditions
NOI Build-Up for 3,074 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.7K $20.40/SF
− Vacancy
−$3.6K −$1.18/SF
EGI
$59.1K $19.22/SF
− OpEx
−$26.6K −$8.65/SF
NOI
$32.5K $10.57/SF
Area
Weld County, CO
Vacancy
5.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,800
Cap Rate 7%
$464,143
Cap Rate 9%
$361,000
Alternative Uses
Best Use
Apartment 5plus
$464.1K
$406.1K – $541.5K
NOI $32,490 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$560.2K
$490.2K – $653.6K
NOI $39,217 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 80550, CO
38,909
Population
17,140
Households
2.3
Avg Household Size
36
Median Age
51%
College-Educated
98%
High-School Grad
52.4 sq mi
ZIP Area
743
Density / Sq Mi
$121,487
Median Household Income
$60,940
Median Earnings
$1,791
Median Rent
$538,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Tenant-occupied two-story home with four bedrooms, three bathrooms, and an oversized three-car attached garage.
Where is this single family property located?
The property is located at 1649 Country Sun Ct Windsor, CO.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 4‑bedroom, 3‑bath two‑story home built in 2021 in the Raindance community; Corner lot home leased at $2,835/month through July 31, 2027; Main level open floor plan with great room, dining area, and kitchen plus covered front porch
