Boulder, CO 80303 3300 Madison Ave

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Presented By: Group Harmony; 9704020188
  • MLS# 1015160
  • 07/25/2024
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 4
  • SQFT • 4,160

Home Details

Welcome to 3300 Madison Avenue, a fantastic investment opportunity in the heart of Boulder! This well-maintained 4-plex offers an unbeatable location just steps away from the University & less than 10 minutes from downtown Boulder, making it highly desirable for students & professionals alike. There is also a community pool & bike underpass nearby, as well as close proximity to the 29th Street Mall. Each unit boasts 2 spacious bedrooms & 1 modern bathroom, providing comfortable living spaces for tenants. Three of the units have been completely updated with contemporary finishes & fixtures, while the fourth unit has been partially updated, offering room for customization. Every unit includes its own laundry facilities, ensuring convenience for all residents & features a private outside courtyard, perfect for relaxing or entertaining. Ample designated parking is available for all units, a rare & valuable feature in this prime location. As well as off-street parking. This property presents a lucrative investment opportunity in Boulder's competitive real estate market. The potential rent is much higher than what is currently being collected as units are under rented. Other rents in the area suggest $2,300 and up with an annual yield nearing $110,000. Check out this great investment opportunity.
Presented By: Group Harmony; 9704020188

Interior Features for 3300 Madison Ave

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NYes
BasementNone
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups
Window FeaturesWindow Coverings

General for 3300 Madison Ave

AppliancesElectric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Attached Garage No
Cap Rate3.77
CityBoulder
Construction MaterialsWood/Frame
CoolingCeiling Fan(s)
CountyBoulder
ElectricElectric, Xcel Energy
Elementary SchoolCreekside
ExclusionsTenants' Personal Property
Garage Y/NNo
Gas Y/NNatural Gas, Xcel Energy
Gross Income89340
HOANo
HeatingForced Air
High SchoolFairview
High School DistrictBoulder Valley Dist RE2
Interior FeaturesEat-in Kitchen, Open Floorplan
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet6640
Lot Size UnitsSquare Feet
MLS AreaBoulder
Middle/Junior High SchoolManhattan
Net Operating Income71633
New ConstructionNo
Number Of Units Total4
Operating Expense17707
Other StructuresStorage
Patio/Porch FeaturesPatio
Possible UseMulti-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofWood, Rubber
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Subdivision NameWestview Gardens
Tax Annual Amount10360
Tax Year2023
Tenant PaysDeposit, Gas, Electricity
UtilitiesNatural Gas Available, Electricity Available
Waterfront Y/NNo
Year Built1966
ZoningRes

Exterior for 3300 Madison Ave

FencingFenced, Wood
Horse Y/NNo
Lot FeaturesSidewalks, Water Rights Excluded, Irrigation Well Excluded
Lot Size Acres0.15
Lot Size Area6640
Other ParkingParking Per Unit(1 Space/Unit)
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Boulder

Additional Details

Price History

Schools

Elementary School Creekside Elementary School
High School Fairview High School
Middle School Manhattan Middle School

Jon Holsten

Price $1,900,000
MLS#1015160
List Date 07/25/2024
Property Type Income
Phone 970.237.2752
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