NOT LISTED FOR SALE

227 5th Ave Lyons, CO 80540

6 Beds
4 Baths
3,240 Sq Ft
0.32 Acres

Last Sold October 31, 2022

Last sale price $775,000 $239 Per Sq Ft

58 Days on Market

Highlights

  • Raised Ranch Architecture
  • No HOA
  • Forced Air Heating System
  • Lyons Elementary School Rated A-
  • Brick Veneer
  • 1-Story Property

About This Home

As of October 2022

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 approx 4 yrs old, sewer line 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.

Last Agent to Sell the Property

Diane Clark

CSI Properties Listed on: 08/08/2022

Last Buyer's Agent

Diane Clark

CSI Properties Listed on: 08/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,548

Year Built

  • Built in 1965

Lot Details

  • 0.32

Home Design

  • Raised Ranch Architecture
  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,240 Sq Ft Home
  • 1-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Schools

  • Lyons Elementary And Middle School
  • Lyons High School

Additional Features

  • 0.32 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0050068

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Lyons Subdivision

Building Details

  • Gross Income $49,200
  • Net Operating Income $35,635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,548

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Year Built: 1965
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.32
  • Subdivision Name: Lyons
  • Architectural Style: Raised Ranch
  • Unit Levels: Raised Ranch
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3240
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: Full, 90%+ Finished Basement
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel Energy
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Lyons
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Lyons
  • HighSchool: Lyons
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Lyons

Lot Info

  • Zoning: Mult Fam
  • Lot Size Sq Ft: 14007
  • Parcel #: R0050068
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4548

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 49200
  • Annual Operating Expense: 13565

Range of Values:

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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
10/31/2022 10/31/22 Sold $775,000 -3.0% $239 / Sq Ft
08/08/2022 08/08/22 For Sale $799,000 -- $247 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Diane Clark

    CSI Properties

    (720) 308-8761

    77 Total Sales

    Diane Clark
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Map

Source: IRES MLS

MLS Number: 972911

IRES MLS
Colorado Boulder County Lyons 80540

227 5th Ave, Lyons, CO

This home is located at 227 5th Ave, Lyons, CO 80540 since 08 August 2022. This property was built in 1965. 227 5th Ave is a home located in Boulder County with nearby schools including Lyons Elementary School and Lyons Middle/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Listing 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 deemed reliable but not guaranteed by the MLS.

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