205 Public Rd Lafayette, CO 80026
- Multifamily properties
- 4,230 SF
- 0.27 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 205 Public Rd
- Year built
- 1947
- Lot size
- 0.27 lot acres
- Property size
- 4,230 SF
- Property type
- Multifamily properties
Description
This exceptional investment opportunity presents a nine-unit multifamily property ideally situated at 205 N Public in Lafayette, Colorado. The property boasts a prime location on Public Road with convenient alley access, offering significant potential for increased profitability. The 4,230 square foot complex sits on a 0.27-acre lot and comprises two buildings. The unit mix includes five efficiencies, three one-bedroom units, and one two-bedroom unit. Currently operating as multifamily housing, the property presents a compelling opportunity to capitalize on significantly under-market rental rates. A proforma analysis, utilizing Fair Market Rent (FMR) data, indicates a strong potential for increased cash flow. The B1 zoning and location within an Urban Renewal District further enhance the property's redevelopment potential, allowing for a variety of future uses. This property offers a rare combination of immediate income generation and long-term growth potential in a thriving Colorado community. The current rental income is below market value, presenting a clear path to immediate return on investment. Investors seeking a strong cash-flowing asset with significant upside in a desirable location should act quickly. The property's strategic location and zoning flexibility make it an attractive investment for both seasoned and emerging real estate investors. This is a chance to acquire a well-positioned multifamily property with substantial potential for value appreciation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Boulder
- State
- Colorado
- Longitude
- -105.0908
- Latitude
- 39.99946
