NOT LISTED FOR SALE

1216 Pleasant St Boulder, CO 80302

University Hill Neighborhood
5 Beds
6 Baths
2,702 Sq Ft
4,732 Sq Ft Lot

Last Sold April 17, 2023

Last sale price $2,160,000 $799 Per Sq Ft

12 Days on Market

Highlights

  • City View
  • No HOA
  • Patio
  • Flatirons Elementary School Rated A
  • Brick Veneer
  • Forced Air Heating System

About This Home

As of April 2023

1216 Pleasant Street is a six unit apartment building in a prime location on University Hill. There are 4 one-bed apartments and 2 studio apartments all leased through 07/2023. Existing rents total $125,040 per annum + additional fees for grounds and utilities. Pre-leasing for the 2023-2024 school year is underway. Projected rents are $138,120 and additional income is: $85/mo/unit for utility fund + $30/mo/unit for grounds + $300/month estimated for parking. Students love 1216's proximity to CU Campus, living in private units that have been fully updated and having shared laundry and parking onsite.

Last Agent to Sell the Property

Heidi Schamber

Market Real Estate Listed on: 02/28/2023

Co-Listed By

Todd Walsh

Market Real Estate

Last Buyer's Agent

Jay Hebb

The Agency - Boulder

The Agency - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,964

Year Built

  • Built in 1920

Lot Details

  • 4,732

Parking

  • Alley Access

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 2,702 Sq Ft Home
  • 3-Story Property
  • City Views
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • University Hill Elementary School
  • Casey Middle School
  • Boulder High School

Additional Features

  • 4,732 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity, parking fee
  • Assessor Parcel Number R0006617

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Capitol Hill Bo Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $150,000
  • Net Operating Income $117,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,964

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: 0.11
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Co List Office Mls Id: TODWAL
  • Subdivision Name: CAPITOL HILL - BO
  • Directions: From Broadway, head west on Pleasant Street and the property is on the left, just after the alley.
  • Unit Levels: Tri-Level
  • New Construction: No
  • Building Stories: 3
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2702
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, All Appliances
  • Has Basement: Partial
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks
  • View: City
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Exterior Features: Lighting
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Xcel Energy
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Common Area
  • Heating Yn: Yes
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: University Hill,Columbine
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Casey

Lot Info

  • Zoning: RH-2
  • Lot Size Sq Ft: 4732
  • Parcel #: R0006617
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity, Parking Fee

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10964

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 150000
  • Income Includes: ["Lease/Rents","Common Area Fees"]

Range of Values:

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List Price
Sold Price
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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
04/17/2023 04/17/23 Sold $2,160,000 -1.8% $799 / Sq Ft
02/28/2023 02/28/23 For Sale $2,200,000 -- $814 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Heidi Schamber

    Seller's Agent in 2023

    Heidi Schamber

    Market Real Estate

    (303) 579-2407

    6 in this area

    45 Total Sales

    Heidi Schamber
    Section Image
  • Todd Walsh

    Seller Co-Listing Agent in 2023

    Todd Walsh

    Market Real Estate

    (252) 342-6227

    5 in this area

    46 Total Sales

    Todd Walsh
    Section Image
  • Jay Hebb

    Buyer's Agent in 2023

    Jay Hebb

    The Agency - Boulder

    (720) 577-5503

    12 in this area

    93 Total Sales

    Jay Hebb
    Section Image
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Map

Source: IRES MLS

MLS Number: 982616

IRES MLS

APN: 1463-31-2-35-003

Colorado Boulder County Boulder 80302 University Hill

1216 Pleasant St, Boulder, CO

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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