$1,735,000
$1,735,000
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4 Beds
2 Baths
5,662 Sqft Lot
SOLD DATE : 11/15/2013
Key Details
Sold Price $1,735,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision University Place
MLS Listing ID 718280
Sold Date 11/15/13
Bedrooms 4
HOA Y/N false
Originating Board IRES MLS
Year Built 1973
Annual Tax Amount $10,475
Lot Size 5,662 Sqft
Acres 0.13
Property Description
In the heart of the Hill, this 4-unit apartment building has a 5.5% cap rate with property management or 6.37% if self-managed. Steps away from campus and Hill nightlife, the building is fully leased through August 2014 with gross rental income of $134,400. Each unit has 4 bedrooms (some may be non-conforming), 1 1/2 baths, full kitchen, and patio. Current rental license allows a total of 16 unrelated occupants. New exterior paint and gutters; some units have updated kitchens and bathrooms.
Location
State CO
County Boulder
Area Boulder
Zoning RH-5, BMS
Direction From Broadway, west on College Ave for 1 block, south on 13th St. Building is on the west side, next-door to barbershop. Address on building is 1083.
Rooms
Basement Daylight
Interior
Heating Hot Water, Baseboard
Cooling Room Air Conditioner
Appliance Electric Range/Oven, Dishwasher, Refrigerator
Exterior
Fence Fenced
Waterfront false
Roof Type Composition
Porch Patio
Building
Lot Description Zero Lot Line
Story 3
Sewer City Sewer
Water City Water, City of Boulder
Level or Stories Tri-Level
Structure Type Stucco
New Construction false
Schools
Elementary Schools Flatirons
Middle Schools Manhattan
High Schools Boulder
School District Boulder Valley Dist Re2
Others
Senior Community false
Tax ID R0004357
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with Johnke, Matthew Realty
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