$2,225,000
$2,400,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 03/24/2023
Key Details
Sold Price $2,225,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision University Place
MLS Listing ID IR979140
Sold Date 03/24/23
HOA Y/N No
Originating Board recolorado
Year Built 1923
Tax Year 2021
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Estate liquidation. Burgess Group, Compass is proud to present 1056 11th St, a recently renovated duplex, 9 bedroom (with 8 rentable bedrooms) asset in the heart of University Hill in Boulder, CO. Consistently rented to sororities for top-dollar with steady annual increases, this extremely well-maintained property has outstanding cash flow with a projected cap rate of 5.6 on a NOI of $146,000, with room for additional parking income, improvements, and rent increases. Unit #1056 11th St is already leased for 2023-24 for $153,600; Just 3 blocks from CU campus and The Hill business district, this property has an ideal location and features a light, bright interior, vinyl plank flooring, new sewer line, a 2015 class 4 roof, 6 ft steel locking security fencing, Jellyfish LED exterior lights, and electric baseboard backup heat in each room. Over 40k worth of improvements done by the owner in the past two years. For more information about this property please visit our website at: https://bit.ly/1054_11th
Location
State CO
County Boulder
Zoning MF
Rooms
Basement Full, Walk-Out Access
Interior
Interior Features Walk-In Closet(s)
Flooring Wood
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Laundry In Unit
Exterior
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected
Roof Type Composition
Total Parking Spaces 10
Building
Lot Description Level, Rolling Slope
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Stucco,Wood Frame
Schools
Elementary Schools Flatirons
Middle Schools Manhattan
High Schools Boulder
School District Boulder Valley Re 2
Others
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Compass - Boulder