985 30th Street, Boulder, CO, 80303

  • $1,875,000
985 30th Street , Boulder, CO 80303

Overview

Property ID: IR985493
  • Quadruplex, ResidentialIncome
  • Property Type
  • 1
  • Garage
  • 6788
  • Sq Ft
  • 1960
  • Year Built

Description

Exceptional, highly sought-after investment opportunity in the heart of Boulder! Meticulously maintained, updated income property with a proven track record of steady rental history & consistent year-over-year rent growth. This unique gem boasts outstanding annual appreciation. Nestled within walking/biking distance of the prestigious CU’s Main and East Campuses, this prime location can attract quality tenants seeking convenience and an unparalleled Boulder lifestyle. Surrounded by a plethora of amenities and desirable attractions (29th Street Mall, Chautauqua Park). This four-unit, eight-bedroom rental property has consistent cash flow with a Current cap rate of 5.2 on an NOI of $97,000, with room to improve rents during fall pre-leasing this year. Stainless steel appliances, energy efficient windows, central air conditioning. Six off-street parking spaces, bike rack, and four lockable storage units in the back of the building. Onsite coin-operated laundry. Centrally located to bus lines, grocery stores, Target, and Whole Foods. Pre-leased for Aug 2023-2024 school year. Contact about a lease buyout for CU parent/student buyers.

  • Address 985 30th Street
  • City Boulder
  • State/county Boulder
  • Zip/Postal Code 80303

Details

Updated on April 23, 2023 at 1:11 pm
  • Property ID: IR985493
  • Price: $1,875,000
  • Property Size: 6788 Sq Ft
  • Garage: 1
  • Year Built: 1960
  • Property Type: Quadruplex, ResidentialIncome
  • Property Status: Active

Additional details

  • PropertySubType: Quadruplex
  • Subdivision: Aurora Terrace
  • Tax Year: 2022
  • Construction Materials: WoodFrame
  • Utilities: CableAvailable, ElectricityAvailable, NaturalGasAvailable, HighSpeedInternetAvailable
  • Roof: Composition
  • Appliances: Dishwasher, Oven, Refrigerator
  • Lot Features: FloodZone
  • LotSize SquareFeet: 6788
  • LotSizeArea: 0.16
  • LotSizeUnits: Acres
  • Middle School: Manhattan
  • HighSchool: Fairview
  • HighSchool District: Boulder Valley RE 2
  • ElementarySchool: Creekside

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