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Sold on 10/31/2022

227 5th Ave, Lyons, CO 80540

  • $775,000

    Last sold 10/31/2022 after 84 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 227 5th Ave

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Lot size 0.32 Acre
Property description
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.
Listed by
Listing Agent - Diane Clark
Listing Agent Contact: 7203088761
Listing Office - CSI Properties
Source: IRESMLS mls logo
MLS#972911 • last updated 7 months ago
Movoto checked IRESMLS for data 15 minutes ago
Overview
Heating Forced Air
Levels/Style Raised Ranch
MLS # 972911
Type Residential Income
Status Sold
SubType Multi Family
Lot Size (Acres) 0.32
Annual Tax 4548
Interior
Basement Full, Partially Finished
Exterior
Roof Composition
Construction Frame, Brick
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available
Sewer/ Septic Public Sewer
Electricity Xcel Energy
Water Source City
Appliances Electric Range, Dishwasher, Refrigerator
Location
County Boulder
Subdivision Lyons
Middle School Lyons
High School District ST Vrain Dist RE 1J
APN R0050068
Multifamily Details
Tenant Pays Deposit, Electricity
Total # of Units 3
Cap Rate 4.45
Operating Expense 13565
Gross Income 49200
Lot/ Land Details
Possible Use Multi-Family
We are not permitted to show value estimates for this property.
  • Oct 2022
    mls logo MLS # 972911
  • Oct 31, 2022 Sold
    $775,000 (-3.0%)
  • Aug 8, 2022 Listed
    $799,000
  • 227 5th Ave
    $775K
  • Lyons
    $929K -6% y/y
  • 80540
    $879K -18% y/y
  • Lyons
    $879K -18% y/y
No chart available
Statistics calculated by Movoto

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8/10
Lyons Elementary School
public Grades PK, K-5
St Vrain Valley Re 1j School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 227 5th Ave
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