Boulder, CO 80302
$2,200,000
Pending
29 more
Presented By: WK Real Estate; 7205646097
Beds • 8
Baths • 4
SQFT • 3,106
Home Details
Discover the perfect addition to your investment portfolio with this multi-family property, ideally located near the heart of downtown Boulder and just steps from the University of Colorado (CU). This property is a rare find in one of Boulder's most desirable rental markets, offering consistent income potential, year-over-year rental increases, and a strong appeal to students. Situated within walking distance of CU and downtown Boulder, this property provides tenants with easy access to campus, shopping, dining, and entertainment. This property combines a strategic location with features tailored to student living, at a cap rate of over 5%, making it a compelling choice for investors seeking a reliable income stream in a thriving college town. Professionally managed and financial statements available.
Presented By: WK Real Estate; 7205646097
Interior Features for
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
BasementFull
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups
General for
AppliancesElectric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
Architectural StyleRaised Ranch
Attached Garage No
Cap Rate5.54
CityBoulder
Construction MaterialsWood/Frame, Brick/Brick Veneer
CountyBoulder
DirectionsFrom Pearl Street, South on Broadway, West on University Avenue. Property is on the North side of the Street, at the corner of Lincoln Place and University Avenue.
ElectricElectric
Elementary SchoolFlatirons
Garage Y/NNo
Gas Y/NNatural Gas
Gross Income153891
HOANo
HeatingBaseboard
High SchoolBoulder
High School DistrictBoulder Valley Dist RE2
Interior FeaturesWalk-In Closet(s)
Land Lease Y/NNo
LevelsRaised Ranch
Living Area UnitsSquare Feet
Lot Size Square Feet5705
Lot Size UnitsSquare Feet
MLS AreaBoulder
Middle/Junior High SchoolManhattan
Net Operating Income121814
New ConstructionNo
Number Of Units Total2
Operating Expense32077
Possible UseSingle Family, Multi-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusPending
StatusPending
Stories1
Structure TypeDuplex
Subdivision NameGrand View Heights
Tax Annual Amount9117
Tax Year2024
Tenant PaysDeposit, Gas, Electricity, Water, Sewer, Trash Collection
UtilitiesNatural Gas Available, Electricity Available
Virtual TourClick here
Waterfront Y/NNo
Year Built1960
ZoningDup/Triple
Exterior for
Horse Y/NNo
Lot FeaturesSidewalks, Corner Lot
Lot Size Acres0.13
Lot Size Area5705
Other ParkingParking Per Unit(2 Spaces/Unit)
Road Frontage TypeCity Street, Alley
Road Surface TypeAsphalt
SpaNo
Water SourceCity Water, Public
Additional Details
Price History
Schools
High School
Boulder High School
Elementary School
Flatirons Elementary School
Middle School
Manhattan Middle School
