1839 Arapahoe Ave

Boulder, CO 80302
  • $845,000
  • STATUS: Active Under Contract
  • ON SITE: 128 days
  • MLS #: 816641
Under Contract
UPDATED: 34 min ago
$845,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,490
    SQFT
  • $567
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Back on market. Contract fell 7/11/2017. Buyer wanted to scrape and build, but the process was taking too long... Legal 3 unit apartment building. Best location in Boulder, between Pearl and Colorado University. Walk to Pearl Street. Walk to CU.Two 2 bedroom apartments and one studio apartment. Rents are well below market rate. Can also rent 5 parking spaces. Each of the three units is $200 per month under market rent. Cap rate does not include a property management fee. City allows 12 tenants.



Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2017 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 or 8z Real Estate. Data last updated 2017-08-19T08:39:07.193.
frontrange.8z.com/homes/71602979

1839 Arapahoe Ave Boulder, CO 80302

  • Price: $845,000
  • Status: Active Under Contract
  • Updated: 34 min ago
  • MLS #: 816641
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1,490
SQFT
$567
$/SQFT
1900
Built
Neighborhood:
Culver
County:
Boulder
Area:
01 Boulder City Limits
Elementary School:
Whittier
Middle School:
Casey
High School:
Boulder
School District:
Bldr Valley Dist RE2
Property Description
Back on market. Contract fell 7/11/2017. Buyer wanted to scrape and build, but the process was taking too long... Legal 3 unit apartment building. Best location in Boulder, between Pearl and Colorado University. Walk to Pearl Street. Walk to CU.Two 2 bedroom apartments and one studio apartment. Rents are well below market rate. Can also rent 5 parking spaces. Each of the three units is $200 per month under market rent. Cap rate does not include a property management fee. City allows 12 tenants.
Exterior Features

Construction Wood/Frame Location Description Deciduous Trees Lot Improvements Street Paved Property Styles 2 Story Property Views Foothills View Type Victorian Waterfront No

Interior Features

Basement Foundation Partial Basement Cooling Room Air Conditioner Heating Forced Air Inclusions Electric Range/OvenRefrigerator Unit1 Bedrooms 2 Unit2 Bedrooms 2 Unit3 Bedrooms 1

Property Features

Capitalization Rate 4.58 Energy Star Certified No Gross Operating Income 46872.0000 Has Green Features Addendum No Has Solar Photovoltaic No Has Solar Thermal No Hers Rated No Hoa YN No Leed Certified No Listing Sub Status Backup Locale Boulder Nahb Certified No Net Operating Income 38717.4600 New Construction Status Not NewPreviously Owned New Financing CashConventionalFhaVa Ownership Private Owner Possible Usage Multi Family Taxes 3633.74 Tenant Pays GasElectric Total Operating Expense 8154.5400 Utilities ElectricCable Tv AvailableHigh Speed Avail Zoning Ao

© 2017 IRES.
Listing provided courtesy of Michael Dwyer Real Estate


Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2017 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 or 8z Real Estate. Data last updated 2017-08-19T08:39:07.193.
8z Real Estate
4041 Hanover, Suite 200
Boulder CO, 80305