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    $/SQFT

Listing Details

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Neighborhood
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Type
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Built
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Area
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School Information

Elementary School
Middle School
High School
School District

Description

Fully leased 4-plex student rental on University Hill. Below market rents with lots of upside potential. Home is also perfectly positioned on a quiet block, close to Chautauqua Park for a partial or full conversion to single-family. Four units: 8 bedrooms, 4 baths total. Priced at $244K per bedroom - below all recent comps. Occupancy per license is 3 per unit, 12 total. As - is, no repairs. Please review photos, 3D tour, floor plans, lease summary and due diligence docs before tour.

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© 2021 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Alliance. Data last updated: 2021-09-18T09:37:47.937.
www.taylorwoodardteam.com/homes/121166286
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965 11th St Boulder, CO 80302

  • Price: $1,952,000
  • Status: Active
  • Updated: 50 min ago
  • MLS #: 950348
8
Beds
0
Baths
0
½ Baths
0.15
Acres
3,247
SQFT
$601
$/SQFT
1904
Built
Neighborhood:
University Place
County:
Boulder
Area:
01 Boulder City Limits
Elementary School:
Flatirons
Middle School:
Manhattan
High School:
Boulder
School District:
Boulder Valley Dist Re2
Property Description
Fully leased 4-plex student rental on University Hill. Below market rents with lots of upside potential. Home is also perfectly positioned on a quiet block, close to Chautauqua Park for a partial or full conversion to single-family. Four units: 8 bedrooms, 4 baths total. Priced at $244K per bedroom - below all recent comps. Occupancy per license is 3 per unit, 12 total. As - is, no repairs. Please review photos, 3D tour, floor plans, lease summary and due diligence docs before tour.
Exterior Features

Architectural Style Cottage/Bung Construction Materials Wood/FrameBrick/Brick Veneer Direction Faces East Horse YN No Levels Bi-Level Lot Features Lawn Sprinkler System Other Parking Parking Per Unit(1 Space/Unit) Patio And Porch Features Patio Property Attached YN No Roof CompositionRubber Spa YN No Structure Type Legal Non-Conforming View Foothills View Waterfront YN No

Interior Features

Appliances All Appliances Basement 90%+ Finished Basement Cooling Evaporative Cooling Cooling YN Yes Heating Forced AirWall Furnace Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 3 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Total Baths 1 Unit3 Bedrooms 1 Unit3 Total Baths 1

Property Features

Association YN No Cap Rate 4.01 Electric ElectricXcel Exclusions Tenant Owned Appliances And Personal Property. Gas Natural GasXcel Gross Income 89434 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Boulder Net Operating Income 78356 New Construction YN No Operating Expense 11078 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Property Sub Type Single Family Residence Senior Community YN No Tax Annual Amount 11078 Tax Year 2020 Tenant Pays DepositGasElectricityWaterSewerTrash Collection Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Boulder Zoning Lr

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Clint Folsom of Folsom & Co. Real Estate.



© 2021 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Alliance. Data last updated: 2021-09-18T09:37:47.937.
 
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