109 W Simpson ST Open House Save Request In-Person Tour Request Virtual Tour
Lafayette,CO 80026
OPEN HOUSE
Sat Apr 05, 1:00pm - 3:00pm
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $400
Subdivision West Lafayette Addition
MLS Listing ID 1706523
Style Traditional
Bedrooms 3
Full Baths 1
Three Quarter Bath 1
Year Built 1920
Annual Tax Amount $2,901
Tax Year 2024
Lot Size 3,920 Sqft
Property Sub-Type Single Family Residence
Property Description
Charming Lafayette Home with Strong Rental Income!
Located just steps from East Simpson Coffee, Teocalli, and Ghost Box Pizza, this unique property offers flexible living options with separate spaces for rental income, multi-generational living, or your very own private guest suite. Featuring 3 bedrooms, 2 bathrooms, and 2 kitchens (with private entrances), this home features the best mixture of historic charm and modern updates.
Unit A showcases beautifully maintained original hardwood floors, picture moulding trim, new stainless steel appliances, plus a brand-new back door (2025) and a transferable warranty. The original foundation has been professionally lifted & stabilized (2022) so you can rest easy as you enjoy your front yard, which turns into a stunning flower garden every spring.
Unit B underwent a full renovation in June 2024, featuring new paint, lighting, renter-friendly LVP flooring, carpet, countertops, stainless steel appliances, custom shelving, and updated bathroom elements. The landscaping was also refreshed, and the entry door was painted in May 2024. The detached garage provides plentiful storage or workshop space, and the brand-new central AC ensures year-round comfort.
RENTAL INCOME: Unit B boasts a steady long-term rental history of $1,400/month, but it's also proving to be a strong Airbnb performer, with earnings of $17,800 in just seven months. Rent out both units, or house hack by living in one unit while renting out the other! Either way, this property offers an incredible income opportunity and a strong cap rate.
Looking for a turnkey approach? The furniture in Unit B is also negotiable for a ready-now, fully-furnished rental.
Don't miss this unparalleled opportunity in Lafayette's thriving market!
Location
State CO
County Boulder
Interior
Heating Forced Air
Cooling Central Air
Flooring Wood
Laundry In Unit
Exterior
Garage Spaces 1.0
Fence Partial
Roof Type Composition
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
Schools
Elementary Schools Lafayette
Middle Schools Angevine
High Schools Centaurus
School District Boulder Valley Re 2
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None