Seller's Agent in 2023
Andy Burgess
Compass - Boulder
(303) 301-4718
6 in this area
196 Total Sales
1056 11th St Boulder, CO 80302
University Hill Neighborhood
8
Beds
2
Baths
4,025
Sq Ft
6,218
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Skylights
- Flatirons Elementary School Rated A
- Wood Frame Window
- 3-minute walk to Beach Park
About This Home
As of March 2023Estate liquidation. Burgess Group, Compass is proud to present 1056 11th St, a recently renovated duplex, 9 bedroom (with 8 rentable bedrooms) asset in the heart of University Hill in Boulder, CO. Consistently rented to sororities for top-dollar with steady annual increases, this extremely well-maintained property has outstanding cash flow with a projected cap rate of 5.6 on a NOI of $146,000, with room for additional parking income, improvements, and rent increases. Unit #1056 11th St is already leased for 2023-24 for $153,600; Just 3 blocks from CU campus and The Hill business district, this property has an ideal location and features a light, bright interior, vinyl plank flooring, new sewer line, a 2015 class 4 roof, 6 ft steel locking security fencing, Jellyfish LED exterior lights, and electric baseboard backup heat in each room. Over 40k worth of improvements done by the owner in the past two years. For more information about this property please visit our website at:
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,802
Year Built
- Built in 1923
Lot Details
- 6,218 Sq Ft Lot
- Property fronts an alley
- West Facing Home
- Fenced
- Level Lot
Home Design
- Brick Veneer
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- 4,025 Sq Ft Home
- 2-Story Property
- Skylights
- Double Pane Windows
- Window Treatments
- Wood Frame Window
- Dining Room
- Wood Flooring
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- Walk-In Closet
- 2 Bathrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- Alley Access
- Driveway Level
Schools
- Flatirons Elementary School
- Manhattan Middle School
- Boulder High School
Utilities
- Radiator
- High Speed Internet
- Cable TV Available
Additional Features
- Outbuilding
- Property is near bus stop
Listing and Financial Details
- Tenant pays for deposit, gas, electricity, water, sewer, trash collection
- Assessor Parcel Number R0002458
Community Details
Overview
- No Home Owners Association
- 2 Units
- University Place Subdivision
Building Details
- Gross Income $161,600
- Net Operating Income $146,240
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2023 03/24/23 | Sold | $2,225,000 | -7.3% | $553 / Sq Ft |
| 01/26/2023 01/26/23 | Price Changed | $2,400,000 | -7.7% | $596 / Sq Ft |
| 11/23/2022 11/23/22 | For Sale | $2,600,000 | -- | $646 / Sq Ft |
Source: IRES MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,315 | $98,375 | $54,956 | $43,419 |
| 2024 | $9,315 | $98,375 | $54,956 | $43,419 |
| 2023 | $9,148 | $104,192 | $55,992 | $51,885 |
| 2022 | $8,002 | $84,551 | $44,887 | $39,664 |
| 2021 | $7,802 | $88,903 | $47,197 | $41,706 |
| 2020 | $7,127 | $81,882 | $39,325 | $42,557 |
| 2019 | $7,018 | $81,882 | $39,325 | $42,557 |
| 2018 | $6,260 | $72,202 | $35,208 | $36,994 |
| 2017 | $6,064 | $79,822 | $38,924 | $40,898 |
| 2016 | $5,529 | $63,871 | $32,238 | $31,633 |
| 2015 | $5,236 | $55,720 | $27,860 | $27,860 |
| 2014 | $4,685 | $55,720 | $27,860 | $27,860 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Burgess
-
Catherine Burgess
Seller Co-Listing Agent in 2023
Catherine Burgess
Compass - Boulder
(303) 506-5669
3 in this area
122 Total Sales
-
Amy LaBorde
Buyer's Agent in 2023
Amy LaBorde
Compass - Boulder
(720) 771-8271
7 in this area
26 Total Sales
Map
Source: IRES MLS
MLS Number: 979140
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
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