NOT LISTED FOR SALE
9 Beds
3 Baths
3,180 Sq Ft
7,020 Sq Ft Lot

Last Sold March 11, 2021

Last sale price $2,925,000 $920 Per Sq Ft

160 Days on Market

Highlights

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

About This Home

As of March 2021

Student Rental Investment. Triplex, 3 lvls, 3bd/1ba on each lvl. 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 1100, 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

Coldwell Banker Realty 02 License #100006552 Listed on: 08/27/2020

Coldwell Banker Realty 02

Last Buyer's Agent

Stan Lanzano

Eldorado Real Estate License #40029754

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,802

Year Built

  • Built in 1920

Lot Details

  • 7,020 Sq Ft Lot
  • West Facing Home

Home Design

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

Interior Spaces

  • 3,180 Sq Ft Home
  • 3-Story Property
  • Window Treatments
  • Mountain Views

Kitchen

  • Gas 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
  • 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, interior maintenance, common area maintenance, trash collection, parking fee
  • Assessor Parcel Number R0001013

Community Details

Overview

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

Building Details

  • Gross Income $187,767
  • Net Operating Income $157,779

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,802

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.16
  • Subdivision Name: University Terrace
  • Directions: From Broadway, West on college, N 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: 3180
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Gas 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: Patio
  • 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: RH-5
  • Lot Size Sq Ft: 7020
  • Parcel #: R0001013
  • 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: 9802

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 187767
  • Income Includes: ["Lease/Rents","Deposits Forfeited","Common Area Fees","Lease Overage","Parking"]
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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
06/09/2022 06/09/22 Off Market $2,925,000 -- --
03/11/2021 03/11/21 Sold $2,925,000 0.0% $920 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
08/27/2020 08/27/20 For Sale $2,925,000 -- $920 / Sq Ft
Source: IRES MLS

Tax History

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
2025 $16,780 $175,913 $69,519 $106,394
2024 $16,780 $175,913 $69,519 $106,394
2023 $16,481 $188,237 $71,295 $120,627
2022 $11,239 $118,605 $58,636 $59,969
2021 $10,959 $124,710 $61,654 $63,056
2020 $9,954 $114,357 $53,339 $61,018
2019 $9,802 $114,357 $53,339 $61,018
2018 $8,707 $100,426 $40,176 $60,250
2017 $8,434 $111,026 $44,417 $66,609
2016 $7,274 $84,026 $33,591 $50,435
2015 $6,888 $67,549 $30,646 $36,903
2014 $5,680 $67,549 $30,646 $36,903
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE922355

IRES MLS