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

Sale Details

Date 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 License #100006552 Listed on: 08/28/2020

Compass - Boulder

Last Buyer's Agent

Daniel Garbe

Compass - Boulder License #100046094

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

6,069 Sq Ft Lot

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"]

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 28, 2020
Closed on
Jun 14, 2021
Sold by
Bought by
Seller's Agent
Amy LaBorde
Compass - Boulder
Buyer's Agent
Daniel Garbe
Compass - Boulder
List Price
$2,925,000
Sold Price
$2,850,000
Premium/Discount to List
-$75,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,825,500
Interest Rate
0.029%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
0.0573%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 24, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
0.0573%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 27, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 20, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,781
Interest Rate
0.0696%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 2, 1996
Sold by
Bought by

Purchase Details

Closed on
May 4, 1993
Bought by

Purchase Details

Closed on
Jun 3, 1992
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
$2,850,000 Land Title Guarantee
-- None Available
-- --
-- Fahtco
-- --
$491,500 First American Heritage Titl
-- --
$190,000 --
-- --
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
Closed $1,825,500
Closed $520,000
Closed $460,781
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
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

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 $15,919 $179,799 $70,326 $109,473
2025 $15,919 $179,799 $70,326 $109,473
2024 $15,420 $165,257 $64,638 $100,619
2023 $15,147 $173,664 $66,283 $111,066
2022 $9,995 $106,019 $54,516 $51,503
2021 $9,745 $111,476 $57,322 $54,154
2020 $8,853 $101,709 $49,621 $52,088
2019 $8,718 $101,709 $49,621 $52,088
2018 $7,771 $89,633 $35,856 $53,777
2017 $7,528 $99,094 $39,641 $59,453
2016 $6,197 $71,584 $28,656 $42,928
2015 $5,868 $59,986 $27,223 $32,763
2014 $5,044 $59,986 $27,223 $32,763
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE922601

IRES MLS
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