For more information on this property, contact Wendy Perkins at 303-205-7875 or [email protected]

1100 10th Street
Boulder, Colorado CO 80302
Sold For: $2,850,000
Listing ID IR922601
Status Closed
Sold Date 6/14/2021
SqFt 3,779
Acres 0.140
Year Built 1911

Property Description:

Student Rental Investment. Duplex 3 lvls #A (Main, Up) 4Bd/2Ba, #B (Bsmt) 4Bd/ 1Ba. 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 1120, 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.

Primary Features

County: Boulder
Property Sub Type: Duplex
Property Type: Residential Income
Year Built: 1911
Zoning: RH-5

Interior

Above Grade Finished Area Source: Assessor
Appliances: Dryer, Dishwasher, Oven, Refrigerator, Washer
Basement: Full, Walk-Out Access
Heating: Forced Air
Levels: Three Or More
Living Area Source: Assessor

External

Construction Materials: Brick, Frame, Stone
Lot Features: Corner Lot
Lot Size SqFt: 6069
Number Of Units Total: 2
Parking Total: 6
Patio And Porch Features: Patio
Roof: Composition
Utilities: Cable Available, Electricity Available, Natural Gas Available
Window Features: Window Coverings

Location

Association Amenities: Laundry
Building Area Source: Assessor
Country: US
Elementary School: Flatirons
Elementary School District: Boulder Valley RE 2
High School: Boulder
High School District: Boulder Valley RE 2
Middle or Junior School: Other
Middle Or Junior School District: Boulder Valley RE 2
Subdivision: University Terrace
View: Mountain(s)

Additional

Documents Available: Lead Based Paint Disclosure
Documents Count: 1
Property Sub Type Additional: Duplex
Status: Closed

Financial

Cap Rate: 5.22
Gross Income: 14670
Net Operating Income: 152670
Ownership: Individual
Possession: Rental Agreement
Tax Annual Amount: 8718
Tax Year: 2019
Tenant Pays: Electricity, Gas, Grounds Care, Trash Collection, Water

Zoning Info


Area Info


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Sale Type:

Contact - Listing ID IR922601

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Wendy Perkins

355 S. Teller St. #200
Lakewood, CO 80226
Phone: 303-205-7875
Phone Alt: 720-365-5149

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