NOT LISTED FOR SALE

938 Arapahoe Ave Boulder, CO 80302

University Hill Neighborhood
4 Beds
2 Baths
5,068 Sq Ft
0.5 Acres

Last Sold December 23, 2019

Last sale price $2,950,000 $582 Per Sq Ft

18 Days on Market

Highlights

  • 0.5 Acre Lot
  • No HOA
  • Forced Air Heating System
  • Flatirons Elementary School Rated A
  • Park
  • 2-minute walk to Boulder International Peace Garden

About This Home

As of December 2019

Current cash flow and development potential. Currently student rental close to campus and downtown. Spacious units with hardwood floors. Separate storage units for each unit. On sight laundry, off street parking. Smart Regs Compliant. furnaces repaced in 2010 & 2011, windows replaced 2009, new gutters 2012. 6 leases up 8/6/20 1 ends 5/31/20.

Last Agent to Sell the Property

Kathy Aguer

Kathy Aguer Listed on: 10/23/2019

Last Buyer's Agent

Beau Burris

Burris Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,542

Year Built

  • Built in 1958

Lot Details

  • 0.5 Acre Lot
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 5,068 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Foothill Elementary School
  • Casey Middle School
  • Boulder High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0003771

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Reeks Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Park

Building Details

  • Gross Income $143,280
  • Net Operating Income $111,738

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,542

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Year Built: 1958
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.5
  • Road Frontage Type: City Street
  • Subdivision Name: REEKS
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 5068
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family, Additional Units
  • Private Spa: No
  • Appliances: Gas Range/Oven, Dishwasher
  • Has Basement: None
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Lawn Sprinkler System
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Forced Air
  • 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

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Zoning: RH-2
  • Lot Size Sq Ft: 21696
  • Parcel #: R0003771
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 11542

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 143280
  • Annual Operating Expense: 31542

Range of Values:

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Average Value
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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 Change Sq Ft Price
03/28/2020 03/28/20 Off Market $2,950,000 -- --
12/23/2019 12/23/19 Sold $2,950,000 +1.7% $582 / Sq Ft
10/23/2019 10/23/19 For Sale $2,900,000 -- $572 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kathy Aguer

    Kathy Aguer

    Section Image
  • Beau Burris

    Buyer's Agent in 2019

    Beau Burris

    Burris Real Estate

    (303) 880-1132

    2 in this area

    34 Total Sales

    Beau Burris
    Section Image
See All Agents

Map

Source: IRES MLS

MLS Number: 897404

IRES MLS

APN: 1461-36-1-18-002

Colorado Boulder County Boulder 80302 University Hill

938 Arapahoe Ave, Boulder, CO

This home is located at 938 Arapahoe Ave, Boulder, CO 80302 since 23 October 2019. This property was built in 1958. 938 Arapahoe Ave is a home located in Boulder County with nearby schools including Flatirons Elementary School, Manhattan Middle School of the Arts & Academics, and Boulder High School.

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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