NOT LISTED FOR SALE
8 Beds
3 Baths
3,468 Sq Ft
6,190 Sq Ft Lot

Last Sold October 01, 2021

Last sale price $2,295,000 $662 Per Sq Ft

26 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Zoned Heating
  • Flatirons Elementary School Rated A
  • Brick Veneer
  • 4-minute walk to Beach Park

About This Home

As of October 2021

Unbeatable student rental near the corner of 14th and College Ave. This duplex, known to some as the "Pink Palace" has rented year over year with absolutely no advertising. Perfect turn-key portfolio addition with tons of parking, lease in place through July 2022 and is Smart Reg Compliant. Students love this location with its large rooms, vaulted ceilings w/loft and big backyard. Few buildings of this size and location command these types of rent. Rental license is valid through 1/16/2023.

Last Agent to Sell the Property

Matt DePofi

The Landmark Group Listed on: 07/08/2021

Last Buyer's Agent

Beau Burris

Burris Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,440

Year Built

  • Built in 1923

Lot Details

  • 6,190 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,468 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Window Treatments
  • Basement Fills Entire Space Under The House
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Schools

  • Flatirons Elementary School
  • Manhattan Middle School
  • Boulder High School

Utilities

  • Zoned Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0000768

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • University Place Subdivision

Building Details

  • Gross Income $163,800
  • Net Operating Income $153,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,440

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Year Built: 1923
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • Subdivision Name: University Place
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3468
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer
  • Has Basement: Full
  • Total Bedrooms: 8
  • Window Features: Window Coverings, Double Pane Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Xcel
  • Heating: Hot Water, Zoned
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Flatirons
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: Duplex/Tri
  • Lot Size Sq Ft: 6190
  • Parcel #: R0000768
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8440

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 163800
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 10440

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2022 01/02/22 Off Market $2,295,000 -- --
10/01/2021 10/01/21 Sold $2,295,000 -8.2% $662 / Sq Ft
07/08/2021 07/08/21 For Sale $2,500,000 -- $721 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 945364

IRES MLS