NOT LISTED FOR SALE
9 Beds
3 Baths
3,024 Sq Ft
6,413 Sq Ft Lot

Last Sold October 14, 2020

Last sale price $2,925,000 $967 Per Sq Ft

14 Days on Market

Highlights

  • Mountain View
  • Deck
  • Balcony
  • Flatirons Elementary School Rated A
  • No HOA
  • Brick Veneer

About This Home

As of October 2020

Student Rental Investment Portfolio. Triplex 3 Lvls, Bsmt, Main, Upper, 1 unit/fl, 3Bd/1Ba Ea. 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 10%), 100% occupancy rate. Rented through Aug 2021, will be pre-leased for Aug 2021-22 by October 2020. Being sold separately or combined with 1100, 1110, 1120, 1130, (all adjacent) & 1164 10th St. Mgmt team in place. Major capital improvements include newer hail resistant roofs (~2012), new main drain sewer lines, newer HVACs, new plumbing, noise insulated flooring, granite counters, stainless appliances. Outstanding, proven business model incl 4 sources of income w/little to no advertising. Portfolios like this are rarely available in Boulder. Limited showing windows M,W,F 3-4pm only.

Last Agent to Sell the Property

Amy LaBorde

Compass - Boulder Listed on: 08/27/2020

Compass - Boulder

Last Buyer's Agent

Eric Thompson

Windermere Fort Collins

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,744

Year Built

  • Built in 1907

Lot Details

  • 6,413 Sq Ft Lot
  • West Facing Home

Home Design

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

Interior Spaces

  • 3,024 Sq Ft Home
  • 3-Story Property
  • Window Treatments
  • Mountain Views

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

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

Outdoor Features

  • Balcony
  • Deck

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, interior maintenance, common area maintenance, trash collection, parking fee
  • Assessor Parcel Number R0003811

Community Details

Overview

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

Building Details

  • Gross Income $175,318
  • Net Operating Income $148,151

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,744

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Year Built: 1907
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.15
  • Subdivision Name: University Terrace
  • Directions: From Broadway, west on college, North on 10th btwn college & Pennsylvania on 10th.
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3024
  • 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: 9
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • 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: HDRE
  • Lot Size Sq Ft: 6413
  • Parcel #: R0003811
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7744

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 175318
  • Income Includes: ["Lease/Rents","Deposits Forfeited","Common Area Fees","Lease Overage","Parking"]
  • Annual Operating Expense: 27167

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
01/12/2022 01/12/22 Off Market $2,925,000 -- --
10/14/2020 10/14/20 Sold $2,925,000 0.0% $967 / Sq Ft
08/27/2020 08/27/20 For Sale $2,925,000 -- $967 / 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: 922663

IRES MLS