NOT LISTED FOR SALE
8 Beds
3 Baths
3,779 Sq Ft
6,069 Sq Ft Lot

Last Sold June 14, 2021

Last sale price $2,850,000 $754 Per Sq Ft

242 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Fireplace
  • Flatirons Elementary School Rated A
  • No HOA
  • Brick Veneer

About This Home

As of June 2021

Student Rental Investment. Duplex 3 lvls #A (Main, Up) 4Bd/2Ba, #B (Bsmt) 4Bd/ 1Ba. One of 6 duplexes and triplexes all on the same block on 10th & College, only 8 blocks to CU Boulder. Excellent year over year rent growth (avg 8%), 100% occupancy rate. Pre-leased through Aug 2022. Being sold separately or combined with 1120, 1130 & 1164 10th St. Major capital improvements include newer hail resistant roofs (~2010), newer main drain sewer lines, newer HVACs, new plumbing, noise insulated flooring, granite counters, stainless appliances. Outstanding, proven business model includes 4 sources of income with little to no advertising. Portfolios like this are rarely available in Boulder. Zoned RH-5. Full investment package available by request.

Last Agent to Sell the Property

Amy LaBorde

Compass - Boulder Listed on: 08/28/2020

Compass - Boulder

Last Buyer's Agent

Daniel Garbe

Compass - Boulder

Compass - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,718

Year Built

  • Built in 1911

Lot Details

  • 6,069 Sq Ft Lot
  • West Facing Home
  • Corner Lot

Home Design

  • Duplex
  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Stone

Interior Spaces

  • 3,779 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Window Treatments
  • Mountain Views

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio

Schools

  • Flatirons Elementary School
  • Boulder High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, common area maintenance, trash collection, parking fee
  • Assessor Parcel Number R0007467

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $187,852
  • Net Operating Income $152,670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,718

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Year Built: 1911
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: University Terrace
  • Directions: From Broadway, West on College, North on 10th St., between College and Pennsylvania on 10th.
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3779
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Full, Walk-Out Access
  • Total Bedrooms: 8
  • Fireplace Features: Single Fireplace
  • Fireplace: Yes
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: Mountain(s)
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer, Stone
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Common Area
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • 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: Other

Lot Info

  • Zoning: RH-5
  • Lot Size Sq Ft: 6069
  • Parcel #: R0007467
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Common Area Maintenance, Trash Collection, Parking Fee

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8718

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 187852
  • Income Includes: ["Lease/Rents","Deposits Forfeited","Common Area Fees","Lease Overage","Parking"]

Range of Values:

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Value Increase
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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
06/14/2021 06/14/21 Sold $2,850,000 -2.6% $754 / Sq Ft
08/28/2020 08/28/20 For Sale $2,925,000 -- $774 / 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: 922601

IRES MLS