NOT LISTED FOR SALE
2 Beds
1 Bath
15,506 Sq Ft
0.43 Acres

Last Sold November 23, 2020

Last sale price $7,750,000 $500 Per Sq Ft

176 Days on Market

Highlights

  • Waterfront
  • 0.43 Acre Lot
  • No HOA
  • Whittier Elementary School Rated A-
  • Wooded Lot
  • 3-minute walk to Bald Mountain Scenic Area

About This Home

As of November 2020

Unbeatable downtown investment opportunity! Solid 20 unit apartment building perfectly situated between the University of Colorado and downtown Boulder. Always in high demand. Each unit is upgraded and features 2 beds/1 bath/775 sq ft with a carport parking space and additional storage. Onsite laundry in both buildings. New roof in 2019. Professionally managed by local property management company. Walking distance to CU, Pearl St Mall, Boulder Creek path and downtown RTD terminal. Enjoy the coffee shops, restaurants, shopping, Farmer's Market and Boulder Central Park. Award winning public schools. Walkability rating of 93!

Last Agent to Sell the Property

Stan Lanzano

Eldorado Real Estate Listed on: 04/02/2020

Co-Listed By

Scott Miller

RE/MAX of Boulder, Inc

Last Buyer's Agent

Michael Greenwood

RE/MAX of Boulder, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.43 Acre Lot
  • Waterfront
  • Wooded Lot

Home Design

  • Brick Veneer
  • Flat Tile Roof
  • Rubber Roof

Interior Spaces

  • 15,506 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Schools

  • Whittier Elementary School
  • Casey Middle School
  • Boulder High School

Additional Features

  • Access to stream, creek or river
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, parking fee
  • Assessor Parcel Number R0002375

Community Details

Overview

  • No Home Owners Association
  • 20 Units
  • Allen Place Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Gross Income $534,004
  • Net Operating Income $396,237

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.43
  • Co List Office Mls Id: BOUL
  • Subdivision Name: Allen Place
  • Directions: From Canyon Blvd turn south on 17th Street. Apartments are on the east side of the street
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 15506
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Rubber, Flat
  • Lot Features: Wooded
  • View: Foothills View
  • Waterfront Features: Abuts Stream/Creek/River
  • Waterfront: Yes
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Extra Storage
  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Whittier
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Casey

Lot Info

  • Zoning: Multi Fami
  • Lot Size Sq Ft: 18861
  • Parcel #: R0002375
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Parking Fee

Multi Family

  • Number Of Units Total: 20
  • Annual Gross Income: 534004
  • Income Includes: ["Lease/Rents","Common Area Fees","Parking"]
  • Annual Operating Expense: 137767

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
02/21/2022 02/21/22 Off Market $7,750,000 -- --
11/23/2020 11/23/20 Sold $7,750,000 0.0% $500 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/01/2020 09/01/20 Off Market $7,750,000 -- --
04/02/2020 04/02/20 For Sale $8,250,000 -- $532 / 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: 908268

IRES MLS

APN: 1463-30-8-12-002