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75 W Highway 40

Byers, CO 80103
  • $615,000
  • STATUS: Active
  • ON SITE: 121 Days
  • ID#: 2033090
UPDATED: 141 min ago
$615,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,975
    SQFT
  • $124
    $/SQFT
Type:
Commercial
Built:
1956
County:
Area:

School Ratings & Info

REcolorado logo Offered by Jts Realty.

Description

Unique investment property in growing Byers. Property is set up with a mix of rental units. Zoned as an extended stay hotel, there are less restrictions than typical rental properties. There are 7 residential units and 2 retail/office spaces. The residential units range from studios to two bedrooms. The retail/office spaces are ready to be finished for multiple usage types. The two spaces could also be combined for a larger space. With almost a acre lot, the large area behind the building is not utilized much and provides an opportunity for expansion or for other business uses. Many updates have been completed by current owner, but there is still more to do to increase the properties value. Byers is within a good range for commuters which has kept vacancy rates extremely low. Tenants have been staying and when one becomes available it has been rented quickly. They have taken the opportunity to do renovations when a tenant moves out. The building next door was recently purchased and has had a lot of renovations and is planned to have a bar and grill. The properties rental rates put this investment above a 10% cap rate, hard to beat!

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Professionals are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2023 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.structurecolorado.com/homes/133538392
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75 W Highway 40 Byers, CO 80103

  • Price: $615,000
  • Status: Active
  • On Site: 121 Days
  • Updated: 141 min ago
  • ID#: 2033090
0
Beds
0
Baths
0
½ Baths
0.4
Acres
4,975
SQFT
$124
$/SQFT
1956
Built
County:
Arapahoe
Area:
Byers
Property Description
Unique investment property in growing Byers. Property is set up with a mix of rental units. Zoned as an extended stay hotel, there are less restrictions than typical rental properties. There are 7 residential units and 2 retail/office spaces. The residential units range from studios to two bedrooms. The retail/office spaces are ready to be finished for multiple usage types. The two spaces could also be combined for a larger space. With almost a acre lot, the large area behind the building is not utilized much and provides an opportunity for expansion or for other business uses. Many updates have been completed by current owner, but there is still more to do to increase the properties value. Byers is within a good range for commuters which has kept vacancy rates extremely low. Tenants have been staying and when one becomes available it has been rented quickly. They have taken the opportunity to do renovations when a tenant moves out. The building next door was recently purchased and has had a lot of renovations and is planned to have a bar and grill. The properties rental rates put this investment above a 10% cap rate, hard to beat!
Exterior Features

Architectural Style Traditional Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Size Area 0.4 Lot Size Square Feet 17424 Parking Total 0 Road Frontage Type Public Road Road Surface Type Paved Roof Composition

Interior Features

Laundry Features Coin-Operated Levels One

Property Features

Construction Materials FrameWood Siding Exclusions Tenants Personal Property Listing Terms CashConventional Possession Closing Property Sub Type Retail Road Responsibility Public Maintained Road Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Sewer Public Sewer Tax Annual Amount 1288 Tax Year 2021 Water Source Public

REcolorado logo Listing courtesy of Jts Realty:(303) 993-6436. MLS #2033090


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Professionals are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2023 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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REcolorado logo Offered by Jts Realty.