75 W Highway 40, Byers, CO 80103
Arapahoe County
Key Facts
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 ½ 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!
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Style
Traditional
Year Built
1956
Stories
1
Living Area
4,975 sq ft
Lot Size
0.40 acres
Days on Market
166
MLS® Listing#
2033090
Property Features
Laundry
Construction
Roof
Security
Sewer
Water Source
Financial Details
Annual Taxes
$1,288
Tax year 2021
Parcel Number
031559626
Affordability Calculator
$123,000
Estimated monthly payment
$3,273/mo
Principal $492,000 · Est. interest $686,384 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Byers, CO
- $650,000
- Median Listing Price
- 100
- Median Days on Market
- 1,838
- Median Sq Ft
- $272
- Median Price / Sq Ft
- 24
- Active Listings
- This home’s price is 5% below the area median.
- Its price per sq ft is 55% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Byers, CO.
Location
Points of Interest in Byers, CO
Showing the Byers area map.
Nearby Schools
Byers School
Elementary · 0.5 mi away
Hemphill Middle School
Secondary · 5.7 mi away
Strasburg Elementary School
Elementary · 5.7 mi away
Bennett Middle School
Elementary · 11.1 mi away
Bennett High School
Secondary · 11.2 mi away
Deer Trail Junior Senior High School Deer Trail School District
Secondary · 11.9 mi away
Agate School
Elementary · 22.9 mi away
Ridge View Academy
School · 23.7 mi away
Aps Harmoyn Ridge P-8
Elementary · 23.8 mi away
Woodland Elementary
Elementary · 25.3 mi away
Vista Peak Exploratory
Elementary · 25.3 mi away
Vista Peak Preparatory
Secondary · 25.4 mi away
Aurora Public Schools
School · 25.4 mi away
Altitude Elementary School
Elementary · 25.4 mi away
Fox Ridge Middle School
Secondary · 25.7 mi away
Infinity Middle School
Secondary · 25.8 mi away
Murphy Creek K-8 School
Elementary · 25.9 mi away
Cardinal Community Academy
Elementary · 26.0 mi away
Pine Ridge Elementary School
Elementary · 26.1 mi away
Buffalo Trail Elementary School
Elementary · 26.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 470 S Mcdonnell Street, Byers, CO | $450,000 | 4 | 3 | 2,515 |
| 470 S Mcdonnell St, Byers, CO | $450,000 | 4 | 3 | 2,515 |
| 1212 S County Road 185, Byers, CO | $631,500 | 3 | 3 | 2,000 |
| 1212 S County Road 185, Byers, CO | $631,500 | 3 | 3 | 2,000 |
| 6 Timberlake Court, Byers, CO | $719,000 | 3 | 2 | 1,740 |
| 6 Timberlake Ct, Byers, CO | $719,000 | 3 | 2 | 1,740 |
Moving Cost Estimate
EXIT Agents in Byers
Listing Courtesy: JTS Realty - 3039936436
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