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

Sale Details

Date 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

Compass - Boulder Listed on: 08/30/2013

Compass - Boulder

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

5,445 Sq Ft Lot

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"]

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2013
Closed on
Nov 14, 2013
Sold by
Bought by
Seller's Agent
Monique Cole
Compass - Boulder
Buyer's Agent
Matthew Johnke
Johnke, Matthew Realty
List Price
$1,650,000
Sold Price
$1,735,000
Premium/Discount to List
$85,000
5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
0.0428%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 1982
Bought by

Purchase Details

Closed on
Jun 22, 1977
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,735,000 1St Colorado Title
-- --
$128,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,486 $62,601 $62,601
2025 $5,486 $62,601 $62,601
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

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