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

Sale Details

Date 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 License #100006552 Listed on: 08/27/2020

Compass - Boulder

Last Buyer's Agent

Eric Thompson

Windermere Fort Collins

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

6,413 Sq Ft Lot

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"]

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 27, 2020
Closed on
Nov 16, 2020
Sold by
Bought by
Seller's Agent
Amy LaBorde
Compass - Boulder
Buyer's Agent
Eric Thompson
Windermere Fort Collins
List Price
$2,925,000
Sold Price
$2,925,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 27, 2020
Closed on
Oct 10, 2020
Sold by
Bought by
Seller's Agent
Amy LaBorde
Compass - Boulder
Buyer's Agent
Eric Thompson
Windermere Fort Collins
List Price
$2,925,000
Sold Price
$2,925,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 18, 2006
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
$100,000
Interest Rate
0.0656%
Mortgage Type
Credit Line Revolving

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
$568,750
Interest Rate
0.0573%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 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
$568,750
Interest Rate
0.0573%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 1998
Sold by
Bought by

Purchase Details

Closed on
May 22, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 3, 1993
Sold by
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
-- Land Title Guarantee Co
$2,925,000 Land Title Guarantee Co
-- None Available
-- --
-- Fahtco
$430,000 --
-- --
-- --
-- --
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 $1,500,000
Previous Owner $100,000
Previous Owner $568,750
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
01/12/2022 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

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 $14,371 $161,222 $72,298 $88,924
2025 $14,371 $161,222 $72,298 $88,924
2024 $13,891 $148,181 $66,450 $81,731
2023 $13,642 $155,366 $68,139 $90,912
2022 $9,457 $99,416 $56,046 $43,370
2021 $9,223 $104,533 $58,930 $45,603
2020 $7,864 $90,348 $50,980 $39,368
2019 $7,744 $90,348 $50,980 $39,368
2018 $7,019 $80,957 $33,480 $47,477
2017 $6,799 $89,502 $37,014 $52,488
2016 $6,164 $71,202 $28,497 $42,705
2015 $5,837 $52,082 $23,641 $28,441
2014 $4,379 $52,082 $23,641 $28,441
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE922663

IRES MLS
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