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Income Property

1120 10th St, Boulder, Colorado 80302

5,062 Sqft
$3,250,000
Property Description

Student Rental Investment. Duplex Front & Back #A 4Bd/2Ba w/unfin bsmnt. #B 4Bd/3Ba (back is newer construction ~2008). 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.

Income
5.38
$208,500
$175,153
2
$33,347
Facts and Features
: Forced Air
Re/max Alliance On Walnut
160
160
From Broadway, West on College, North on 10th, between College & Pennsylvania on 10th.
Flatirons
: Unfinished Basement
: Stone, Wood/frame, Brick/brick Veneer
: Outside Entry
: Dishwasher, Window Coverings, Gas Range/oven, Refrigerator, Clothes Washer, Clothes Dryer
: House Faces West
: Cash, Conventional, Fha, Va
Boulder
Other
Boulder Valley Dist RE2
: Patio
: Multi Family
2 Spaces/Unit
: 3 Story
: Duplex
: Natural Gas, Electric, Cable Tv Available
RH-5
No
11.28.2020 13:33:01
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2019
9825
Features
: Back Range/snow Capped
Basic Details
Property Type : Income Property
Price : $3,250,000
Total Square Feet : 5,062 Sqft
Year Built : 1903
Subdivision : University Terrace
Zipcode : 80302
Listing Status : Active
Listing SubStatus ID : Under Contract
Lot Size : 6,427 Sqft
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