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Multifamily

914 La Farge Avenue

914 La Farge Avenue, Louisville, CO 80027

Listing Price: $550,000

Cap Rate
3.41%
Number of Units
2
GRM
16.37
Price/Unit
$275,000

Investment Overview

914 La Farge Avenue is a front/back duplex located in historic downtown Louisville, Colorado within walking distance to all the restaurants and shops along Main and Front Streets. The duplex, built in 1945, is situated midblock on a 4,048SF (0.9-acre) lot, fenced on three sides. The flat lot measures approximately 52’ by 125’, with its narrower frontage along La Farge Avenue. Each unit of the duplex is a one bedroom | one bath apartment of approximately 360SF. Each unit is individually metered for electric, paid by the tenant, and has access to outdoor storage and a grassed backyard. The parking is on-street.

Louisville, Colorado is a small city of approximately 21,000 located in southeastern Boulder County. Residents enjoy a small-town atmosphere while being able to access the amenities of the Front Range of Colorado, Boulder, and metropolitan Denver. Rogue Wave Software and Sierra Space have brought the technology sector to the local economy. The city boasts over 32 miles of recreational trails and a thriving historic downtown with numerous local restaurants and breweries as well as the Steinbaugh Pavilion, a popular outdoor concert venue that hosts local bands, street vendors, and art shows throughout the summer.

914 La Farge Avenue offers an investor the opportunity to fix up the current structure and continue to earn rental income or to redevelop the site as a single-family home in a thriving small-town community.

Investment Highlights

  • Prime Location in Historic Downtown Louisville
  • Front | Back Duplex – One Bedroom Units
  • Boulder County Location – Typically, a High Barrier to Entry for Investment
  • Value-Add Investor Opportunity or Single-Family Redevelopment Potential
  • In-Place Tenants; Individually Metered for ALL Utilities; Two Water Taps
  • Walking Distance to Restaurants, Shopping, and Employment for Tenants or Owners

Exclusively Listed By

Multifamily

914 La Farge Avenue

Listing Price: $550,000

Cap Rate
3.41%
Number of Units
2
GRM
16.37
Price/Unit
$275,000

Investment Highlights

  • Prime Location in Historic Downtown Louisville
  • Front | Back Duplex – One Bedroom Units
  • Boulder County Location – Typically, a High Barrier to Entry for Investment
  • Value-Add Investor Opportunity or Single-Family Redevelopment Potential
  • In-Place Tenants; Individually Metered for ALL Utilities; Two Water Taps
  • Walking Distance to Restaurants, Shopping, and Employment for Tenants or Owners

Investment Overview

914 La Farge Avenue is a front/back duplex located in historic downtown Louisville, Colorado within walking distance to all the restaurants and shops along Main and Front Streets. The duplex, built in 1945, is situated midblock on a 4,048SF (0.9-acre) lot, fenced on three sides. The flat lot measures approximately 52’ by 125’, with its narrower frontage along La Farge Avenue. Each unit of the duplex is a one bedroom | one bath apartment of approximately 360SF. Each unit is individually metered for electric, paid by the tenant, and has access to outdoor storage and a grassed backyard. The parking is on-street. Louisville, Colorado is a small city of approximately 21,000 located in southeastern Boulder County. Residents enjoy a small-town atmosphere while being able to access the amenities of the Front Range of Colorado, Boulder, and metropolitan Denver. Rogue Wave Software and Sierra Space have brought the technology sector to the local economy. The city boasts over 32 miles of recreational trails and a thriving historic downtown with numerous local restaurants and breweries as well as the Steinbaugh Pavilion, a popular outdoor concert venue that hosts local bands, street vendors, and art shows throughout the summer. 914 La Farge Avenue offers an investor the opportunity to fix up the current structure and continue to earn rental income or to redevelop the site as a single-family home in a thriving small-town community.

Exclusively Listed By

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