NOT LISTED FOR SALE
4 Beds
2 Baths
4,626 Sq Ft
5,445 Sq Ft Lot

Last Sold November 15, 2013

Last sale price $1,735,000 $375 Per Sq Ft

47 Days on Market

Highlights

  • No HOA
  • Air Conditioning
  • Zero Lot Line
  • Flatirons Elementary School Rated A
  • Patio
  • 2-minute walk to Beach Park

About This Home

As of November 2013

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.

Last Agent to Sell the Property

Monique Cole

Coldwell Banker Realty 02 Listed on: 08/30/2013

Coldwell Banker Realty 02

Last Buyer's Agent

Matthew Johnke

Johnke, Matthew Realty License #323351

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,475

Year Built

  • Built in 1973

Lot Details

  • 5,445 Sq Ft Lot
  • Fenced
  • Zero Lot Line

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 4,626 Sq Ft Home
  • 3-Story Property
  • Natural lighting in basement

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio

Schools

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

Utilities

  • Air Conditioning
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0004357

Community Details

Overview

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

Building Details

  • Gross Income $132,653
  • Net Operating Income $105,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,475

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Year Built: 1973
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.13
  • Subdivision Name: UNIVERSITY PLACE
  • Directions: 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.
  • Unit Levels: Tri-Level
  • New Construction: No
  • Building Stories: 3
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4626
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: Daylight
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Lot Features: Zero Lot Line
  • Waterfront: No
  • Construction Type: Stucco
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Separate Meter Electricity, Xcel
  • Heating: Hot Water, Baseboard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Boulder
  • Gas Company: Master Meter-Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

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

Lot Info

  • Zoning: RH-5, BMS
  • Lot Size Sq Ft: 5445
  • Parcel #: R0004357
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 10475

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 132652.8
  • Income Includes: ["Lease/Rents"]
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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 List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $1,735,000 -- --
11/15/2013 11/15/13 Sold $1,735,000 +5.2% $375 / Sq Ft
10/16/2013 10/16/13 Pending -- -- --
08/30/2013 08/30/13 For Sale $1,650,000 -- $357 / Sq Ft
Source: IRES MLS

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 $8,903 $57,538 $57,538 --
2024 $8,903 $57,538 $57,538 --
2023 $8,748 $101,301 $104,986 --
2022 $2,751 $29,621 $29,621 $0
2021 $2,681 $31,145 $31,145 $0
2020 $2,259 $25,955 $25,955 $0
2019 $2,225 $25,955 $25,955 $0
2018 $2,266 $26,136 $26,136 $0
2017 $2,195 $28,895 $28,895 $0
2016 $1,854 $21,412 $21,412 $0
2015 $1,755 $31,840 $31,840 $0
2014 $2,677 $31,840 $31,840 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE718280

IRES MLS

APN: 1463-31-3-39-015