NOT LISTED FOR SALE

532 Prospect St Lyons, CO 80540

7 Beds
4 Baths
2,994 Sq Ft
6,815 Sq Ft Lot

Last Sold April 22, 2021

Last sale price $755,000 $252 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Baseboard Heating
  • Lyons Elementary School Rated A-
  • Brick Veneer
  • 1-Story Property

About This Home

As of April 2021

Virtual showings only until an offer is accepted. Offered here is a rare fourplex in popular Lyons. This solid investment property includes three 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit. It was built in 1974 and could use some TLC and upgrades, but there is tons of upside and rents are very low. It has a great location and has long term tenants who would like to stay. In lieu of in-persn showings, videos of the exterior and of each unit can be found at LyonsFourplex(dotcom). Offers will be considered on Monday March 8th. Offers due by the end of the evening of March 7th.

Last Agent to Sell the Property

Neil Kearney

Kearney Realty License #1314839 Listed on: 03/03/2021

Last Buyer's Agent

Danie Lefevre

The Agency - Boulder

The Agency - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,493

Year Built

  • Built in 1974

Lot Details

  • 6,815

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,994 Sq Ft Home
  • 1-Story Property
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Schools

  • Lyons Elementary And Middle School
  • Lyons High School

Additional Features

  • 6,815 Sq Ft Lot
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0068361

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Crona Heights 1 Subdivision

Building Details

  • Gross Income $42,180
  • Net Operating Income $29,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,493

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Year Built: 1974
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • Subdivision Name: CRONA HEIGHTS 1
  • Directions: Hwy. 36 to Lyons; Left on Hwy. 7 (5th Avenue); Right on Prospect Street.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2994
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 7
  • Interior Amenities: Eat-in Kitchen
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Utilities

  • Electric: Electric, Xcel
  • Heating: Baseboard
  • Utilities: Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City

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: R-1
  • Lot Size Sq Ft: 6815
  • Parcel #: R0068361
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6493

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 42180
  • Income Includes: ["Lease/Rents"]
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Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Off Market $755,000 -- --
04/22/2021 04/22/21 Sold $755,000 +0.7% $252 / Sq Ft
03/03/2021 03/03/21 For Sale $750,000 -- $251 / Sq Ft
Source: IRES MLS

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 $7,040 $52,525 $10,225 $42,300
2024 $7,040 $52,525 $10,225 $42,300
2023 $6,945 $59,201 $11,444 $51,443
2022 $4,100 $33,252 $8,432 $24,820
2021 $4,140 $34,964 $8,866 $26,098
2020 $6,493 $54,340 $8,866 $45,474
2019 $10,174 $86,873 $8,866 $78,007
2018 $5,770 $50,256 $8,352 $41,904
2017 $5,675 $55,561 $9,234 $46,327
2016 $4,028 $34,729 $7,880 $26,849
2015 $3,830 $25,631 $6,368 $19,263
2014 $2,657 $25,631 $6,368 $19,263
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE934517

IRES MLS