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Sold on 03/31/2025

Undisclosed, Boulder, CO 80302

  • $2,000,000

    Last sold 03/31/2025 after 67 Days

  • —

    bed

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    bath

Multi-family not for sale
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About Undisclosed

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 5,663 Sqft
Rental estimate
Property description
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.
Listed by
Listing Agent - Jennifer Rutherford
Listing Agent Contact: 7205646097
Listing Office - WK Real Estate
Source: IRESMLS mls logo
MLS#1025072 • last updated 8 months ago
Movoto checked IRESMLS for data 16 minutes ago
Overview
Heating Baseboard
Levels/Style Raised Ranch
MLS # 1025072
Type Residential Income
Status Sold
SubType Duplex
Lot Size (Acres) 0.13
Annual Tax 9117
Interior
Basement Full
Fireplace Desc None
Interior Features Walk-In Closet(s), Washer/Dryer Hookup
Exterior
Roof Composition
Construction Frame, Brick
Structure Duplex
Lot Features Corner Lot, Sidewalks
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available
Sewer/ Septic Public Sewer
Water Source City
Appliances Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Fire Alarm
Location
County Boulder
Subdivision Grand View Heights
Middle School Manhattan
High School District Boulder Valley Dist RE2
APN R0003937
Directions From 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.
Multifamily Details
Tenant Pays Deposit, Gas, Electricity, Water, Sewer, Trash Collection
Total # of Units 2
Cap Rate 5.53
Operating Expense 32077
Income Includes Lease/Rents
Gross Income 153891
Lot/ Land Details
Possible Use Single Family, Multi-Family
Road Frontage City Street, Alley
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Mar 2025
    mls logo MLS # 1025072
  • Mar 31, 2025 Sold
    $2,000,000 (-9.1%)
  • Feb 6, 2025 Pending
    —
  • Jan 23, 2025 Listed
    $2,200,000
  • Undisclosed
    $2M
  • Central Boulder - University Hill
    $2.45M
  • 80302
    $1.37M -8% y/y
  • Boulder
    $999K -31% y/y
No chart available
Statistics calculated by Movoto

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