NOT LISTED FOR SALE

107 W Simpson St Lafayette, CO 80026

1 Bed
1 Bath
5,914 Sq Ft
0.33 Acres

Last Sold July 25, 2023

Last sale price $2,000,000 $338 Per Sq Ft

Highlights

  • Clubhouse
  • Deck
  • Patio
  • Lafayette Elementary School Rated A
  • No HOA
  • 5-minute walk to Lafayette Parks & Recreation

About This Home

As of July 2023

14 units in the heart of downtown Lafayette. Very well maintained property with a huge upside on rental income. All units are currently rented month to month. Stated numbers are proforma based on conservative rents for the area. 24 hour notice to show by appointment only with seller's agent.

Last Agent to Sell the Property

Bob Luna

Cobalt Realty, Ltd. Listed on: 07/25/2023

Co-Listed By

Joe Bennell

The Colorado Group License #40036635

Last Buyer's Agent

Scott Crabtree

The Colorado Group

The Colorado Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.33

Parking

  • Alley Access

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 5,914 Sq Ft Home
  • 1-Story Property
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Schools

  • Lafayette Elementary School
  • Angevine Middle School
  • Centaurus High School

Additional Features

  • 0.33 Acre Lot
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0020139

Community Details

Overview

  • No Home Owners Association
  • 14 Units
  • West Lafayette Add Subdivision

Amenities

  • Clubhouse
  • Laundry Facilities

Building Details

  • Gross Income $124,545
  • Net Operating Income $124,545

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.33
  • Road Surface Type: Paved
  • Co List Office Mls Id: COLO
  • Subdivision Name: West Lafayette add
  • Directions: half a block West of Public Rd, on Simpson, on North side
  • Architectural Style: Ranch
  • Unit Levels: One, Two
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 5914
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: Partial
  • Total Bedrooms: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Exterior Features: Lighting
  • Patio And Porch Features: Patio, Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Xcel
  • Heating: Hot Water
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Common Area
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Lafayette
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Lafayette,Pioneer
  • HighSchool: Centaurus
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Angevine

Lot Info

  • Zoning: OTR
  • Lot Size Sq Ft: 14472
  • Parcel #: R0020139
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 124545
  • Income Includes: ["Lease/Rents"]
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2023 07/25/23 Sold $2,000,000 0.0% $338 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
07/25/2023 07/25/23 For Sale $2,000,000 -- $338 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,042 $158,556 $15,406 $143,150
2024 $15,042 $158,556 $15,406 $143,150
2023 $14,785 $169,758 $19,330 $154,113
2022 $13,222 $140,760 $15,572 $125,188
2021 $13,366 $148,006 $16,374 $131,632
2020 $8,384 $91,730 $16,374 $75,356
2019 $8,268 $91,730 $16,374 $75,356
2018 $7,666 $83,974 $14,760 $69,214
2017 $7,464 $92,837 $16,318 $76,519
2016 $7,204 $78,462 $12,418 $66,044
2015 $6,750 $59,700 $18,547 $41,153
2014 $5,162 $59,700 $18,547 $41,153
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE992923

IRES MLS

APN: 1575-03-1-14-004